56 Rice St, Cambridge MA 02140

Cambridge, MA 02140 • North Cambridge
$1,625,000
Est. $8,649/month
6
Beds
3
Baths
3,319
Sq Ft
$490
Price/Sq Ft
0.13
Acres
1898
Year Built
2 Family - 2 Units Up/Down
Type
5
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73274780

About this home

Fantastic opportunity to create a wonderful home in one of North Cambridge's most convenient locations. A 5,562 sq ft lot, situated on a one-way street with other well kept homes, 56 Rice St’s over 3,300 interior sq ft, not including the full unfinished basement, provides endless possibilities. The house will need updates but could be a wonderful single family for an end-user or developer. A condo conversion into 2 large units or a long term investment are other options that give this house immense flexibility for the next owner. The 2-car garage and deep lot add more utility and potential to this offering. Located just off Mass Ave. in close proximity to Porter & Davis Sq. along with Alewife there are many shops, restaurants and eateries at a stone's throw away. Group showings will be Fri 8/9 - Mon 8/12 from 12-1p and need to be confirmed with list agents. Seller may be willing to provide Buyer with financial incentives in the form of closing cost credits or other compensation.

Sale Statistics

Sale Overview
Original List Price: $1,595,000
Final Sale Price: $1,625,000
Difference: +$30,000 (+1.9%)
Performance Metrics
101.9%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $481
Sale $/sq ft: $490
This property sold for $490 per square foot
Sale Summary

This property sold for 1.9% above the original asking price, indicating strong buyer demand.

With only 5 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1898
Bedrooms
6
Full Bathrooms
3
Living Area
3,319 sq ft
Total Rooms
12
Stories
3
Levels
3

Interior Features

Flooring
Wood
Has Fireplace
No
Basement Details
Full

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Other
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.13 acres
Lot Size
5,562 sq ft
Lot Size Area
0.1300
Road Frontage Type
Public

Parking & Garage

Garage Spaces
2
Has Garage
Yes
Total Non-Garage Parking Spaces
2
Parking Features
Paved Drive, Off Street
Covered Parking Spaces
2

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Highway Access, Public School, T-Station
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$8,918
Tax Year
2024
Tax Assessed Value
$1,465,400
Parcel Number
M:00196 L:00059,414051
Zoning
B

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Estate sale: owner has never lived in the house and has limited knowledge about age or history of anything.

Location

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Neighborhood

North Cambridge

56 Rice St, Cambridge MA 02140

Cambridge, MA 02140

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $743
Homeowners Insurance $200
PMI $0

Property History

Market Insights

1.8%
Price Range
7
Total Days on Market

Property Timeline

Sold
Sep 23, 2024
$1,625,000
Property sold
Days on Market: 7
🏠
Listed for Sale
Aug 7, 2024
$1,595,000
Original listing
Agent: Max Dublin Team Office: Gibson Sotheby's International Realty

Price & Status History

Date Event Price Change
Aug 7, 2024 New Listing Added $1,595,000

Market Statistics

Days on Market
5 days
Price per Sq Ft
$490

Tax History

Year Taxes Assessment
2024 $8,918 $1,465,400

Financial Details

Annual Property Tax
$8,918
Tax Year 2024
Assessed Value
$1,465,400

Listing Information

Listing Agent Max Dublin Team
Listing Office Gibson Sotheby's International Realty
Agent MLS ID TM351307
Office MLS ID AN2064

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