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985 Memorial Drive # 501, Cambridge MA 02138

Cambridge, MA 02138 • Harvard Square
$1,200,000
Est. $6,387/month
2
Beds
2
Baths
1,442
Sq Ft
$832
Price/Sq Ft
1916
Year Built
Stock Cooperative
Type
53
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73202415

About this home

Thinking of downsizing? Walking or riding your bike for daily errands? Views of the Charles River from all your rooms? Built in 1920, with all the amazing architectural detail of that time, this light-filled coop offers two bedrooms, a formal living room with fireplace, and dining room. The eat-in kitchen and guest bath need your personal touch. Maple hardwood floors, dado, and crown molding throughout. 54 fully owner-occupied association enjoys 2 on-site superintendents and a professional management company. There is a private workout room for residents, manicured common gardens, and elevator access. Price reflects work that is needed.

Sale Statistics

Sale Overview
Original List Price: $1,295,000
Final Sale Price: $1,200,000
Difference: $95,000 (-7.3%)
Performance Metrics
92.7%
List to Sale Ratio
Sold below asking price
53
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $898
Sale $/sq ft: $832
This property sold for $832 per square foot
Sale Summary

This property sold for 7.3% below the original asking price.

The property spent 53 days on market before selling.

Facts & Features

Property Overview

Property Type
Stock Cooperative
Property Category
Residential
Year Built
1916
Bedrooms
2
Full Bathrooms
2
Living Area
1,442 sq ft
Total Rooms
5
Stories
1
Entry Level
5

Interior Features

Flooring
Hardwood
Heating
Steam, Oil
Has Heating
Yes
Cooling
None
Has Cooling
No
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
1
Interior Features
Elevator
Laundry Features
Common Area, In Building
Basement Details
Y

Exterior & Structure

Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

HOA Fee
$2,402
Association Amenities
Hot Water, Laundry, Elevator(s), Fitness Center, Garden Area
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,227
Tax Year
2023
Tax Assessed Value
$99,999
Parcel Number
410852
Zoning
Res

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Building Name
Longview
Attached Property
Yes
Disclosures
Rentals prohibited. Buyer responsible for 1-time transaction fee of 1.5% of purchase price payable to Longview at closing, plus $850 Longview attorney's fee. Max 49% of purchase price & renovation costs can be financed. Buyers approved after P&S. Taxes included in monthly fee.

Location

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Neighborhood

Harvard Square

985 Memorial Drive # 501, Cambridge MA 02138

Cambridge, MA 02138

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 $602
Homeowners Insurance $200
HOA Fee $2,402
PMI $0

Property History

Market Insights

7.3%
Price Range
54
Total Days on Market

Property Timeline

✓
Sold
May 31, 2024
$1,200,000
Property sold
Days on Market: 54
🏠
Listed for Sale
Feb 14, 2024
$1,295,000
Original listing
Agent: Myra von Turkovich Office: Leading Edge Real Estate

Price & Status History

Date Event Price Change
Feb 14, 2024 New Listing Added $1,295,000 —

Market Statistics

Days on Market
53 days
Price per Sq Ft
$832

Tax History

Year Taxes Assessment
2023 $7,227 $99,999

Financial Details

Annual Property Tax
$7,227
Tax Year 2023
HOA Fee
$2,402
Per month
Assessed Value
$99,999

Listing Information

Listing Agent Myra von Turkovich
Listing Office Leading Edge Real Estate
Agent MLS ID BB901247
Office MLS ID AN4637

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