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985 Memorial Drive # 501, Cambridge MA 02138

Cambridge, MA 02138 • Harvard Square
$1,200,000
Est. $9,272/month
2
Beds
2
Baths
1,442
Sq Ft
$832
Price/Sq Ft
1916
Year Built
53
Days on Market
Closed Listed Feb 14, 2024 • MLS# 73202415 Copied!

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.

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Public Records

Current Owner

Owner LONGVIEW CORPORATION
Mailing Address 4 BUNKER HILL INDUSTRIAL PARK, BOSTON, MA, 02129

Land Use

Use Code 112
Description Apartments (8+ units)
Zoning C-2
Style APTS-LUXURY

Tax Information

Assessed Value $55,887,400
Tax Rate $5.86 per $1,000
Base Tax $327,500
CPA Surcharge 3% ($9,807)
Estimated Annual Tax $337,308

Assessment History

Year Land Building Total Change
FY2026 $10,296,900 $45,590,500 $55,887,400

Municipal Context: CAMBRIDGE

Median Home Value $925,000
Avg SF Tax Bill $8,175
Residential Tax Rate $5.86/1000
CPA Surcharge 3%
County Middlesex
Match: address_exact (90.0% confidence) · Data as of Mar 8, 2026

Property Overview

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

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.

Nearby Sales Comparison

Based on 3 similar properties sold within 0.5 miles in the last 90 days

This Property
$832/sq ft
Area Average
$1,161/sq ft
Difference
28.3%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

Home Facts

Type Residential
Style Stock Cooperative
Year Built 1916
Living Area 1,442 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Steam, Oil
Cooling None
Flooring Hardwood
Appliances None
Fireplace Living Room
Fireplaces 1
Basement Y
Laundry Common Area, In Building
Features Elevator

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $7,227
Assessed Value $99,999

Interior Features

Flooring: Hardwood
Appliances:
Interior Features: Elevator
Windows:
Basement: Y
Laundry: Common Area, In Building
Security:

Construction & Materials

Year Built: 1916
Structure Type: Mid-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Steam, Oil
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities:

Location

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Neighborhood

Harvard Square

985 Memorial Drive # 501, Cambridge MA 02138

Cambridge, MA 02138

Walkability

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Nearby Schools

School District
Cambridge School District local
A-
🎓 Where Graduates Go Class of 2021
65% attend college
58% 4-Year 7% 2-Year 23% Out of State 7% Working
School Safety 2024-25
1.2% Low
0.8% Suspensions 0.2% In-School 0.4% Emergency
4.3% below state avg
E

Elementary Schools

3 schools
St. Peter Elementary School
0.6 mi
Grades PK-08
A-
Graham and Parks School
0.7 mi | #242 of 824 | Score: 52.7
Improved 3 spots from last year
-5.5 below state avg
367 students Very Diverse
Diverse Student Body
Grades PK-05
Shady Hill School
0.7 mi
Grades PK-08
M

Middle Schools

3 schools
Allium Montessori School
0.5 mi
Grades 01-06
A-
Putnam Avenue Upper School
0.7 mi | #103 of 352 | Score: 49.1
Dropped 24 spots from last year
-9.1 below state avg
283 students Very Diverse
Diverse Student Body
Grades 06-08
A
Rindge Avenue Upper School
1.3 mi | #67 of 352 | Score: 54.3
Dropped 2 spots from last year
-3.9 below state avg
292 students Diverse
Diverse Student Body
Grades 06-08
H

High Schools

2 schools
Farr Academy School
1.3 mi
Grades 07-12
NuVu Innovation School
1.4 mi
Grades 08-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $602
Homeowners Insurance $200
HOA Fee $2,402/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

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
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 Office Leading Edge Real Estate
Agent MLS ID BB901247
Office MLS ID AN4637
Listing Data Updated Jun 3, 2024 11:04 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Cambridge, MA

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