983 Memorial Drive # 502, Cambridge MA 02138

Cambridge, MA 02138 • Harvard Square
$1,299,000
Est. $8,715/month
3
Beds
2
Baths
1,535
Sq Ft
$846
Price/Sq Ft
1916
Year Built
77
Days on Market
Active Listed Oct 10, 2025 • MLS# 73442296 Copied!

About this home

Experience classic Cambridge living in this beautifully maintained 7-room, 3-bedroom, 2-bath co-op perfectly situated in the heart of Harvard Square, across from the scenic Charles River recreation area. This spacious residence blends timeless elegance with modern comfort, featuring a fireplace, gleaming hardwood floors, rich millwork, abundant natural light. Generous living & dining spaces w/ Charles River Views from the bay windows is a perfect setting for entertaining or relaxing. This well-managed, owner-occupied pre-war building offers convenience w/ an elevator, live-in superintendent, beautifully maintained common garden,patio & private storage. Ideally located just moments from Harvard University,Red Line, cafés, shops, top dining, nightlife, and riverfront walking paths. 92 Walk Score Rental parking options nearby at University Place or Charles Square Garage. A rare opportunity to own a piece of Harvard Square's historic charm in one of Cambridge’s most sought-after locations.

Property Overview

Property Type
Stock Cooperative
Listing Type
For Sale
Year Built
1916
Bedrooms
3
Full Bathrooms
2
Living Area
1,535 sq ft
Total Rooms
7
Stories
1
Entry Level
5

Facts & Features

Home Facts

Type Residential
Style Stock Cooperative
Year Built 1916
Living Area 1,535 sq ft
Bedrooms 3
Full Baths 2
Total Rooms 7

Interior

Heating Steam, Oil
Cooling None
Flooring Tile, Hardwood, Flooring - Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace Living Room
Fireplaces 1
Basement Y
Laundry In Building
Features Lighting - Overhead, Closet, Entrance Foyer, Center Hall, Elevator

Exterior

Construction Brick
Architecture None
Roof Rubber
Features Patio, Garden
Pool None
Spa None
Fencing None
Patio/Porch Patio

Parking

Features None

Utilities

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

Financial

Annual Tax $1
Assessed Value $1

Interior Features

Flooring: Tile, Hardwood, Flooring - Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator
Interior Features: Lighting - Overhead, Closet, Entrance Foyer, Center Hall, Elevator
Windows:
Basement: Y
Laundry: In Building
Security: Intercom

Construction & Materials

Year Built: 1916
Structure Type: High-Rise
Exterior Materials: Brick
Roof: Rubber
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, Garden
Patio & Porch: Patio
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Public School

Location

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Neighborhood

Harvard Square

983 Memorial Drive # 502, 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

10 schools
St. Peter Elementary School
0.6 mi
Grades PK-08
Shady Hill School
0.7 mi
Grades PK-08
Cambridge Montessori School
1.0 mi
Grades PK-06
A
Amigos School
1.1 mi | #45 of 352 | Score: 57.8
-0.5 below state avg
413 students Diverse
Diverse Student Body
Grades PK-08
Cambridge Friends School
1.1 mi
Grades PK-08
C
Prospect Hill Academy Charter School
1.3 mi | #253 of 346 | Score: 45.9
-12.3 below state avg
890 students Diverse
High Graduation Rate Rising School College Ready Curriculum Diverse Student Body
Grades PK-12
A
Benjamin Banneker Charter Public School
1.4 mi | #100 of 824 | Score: 59.4
+1.2 above state avg
352 students Less Diverse
Grades PK-06
Fayerweather Street School
2.0 mi
Grades PK-08
Lycee International de Boston/International School of Boston, Inc.
2.1 mi
Grades 01-12
A-
Graham and Parks School
0.7 mi | #242 of 824 | Score: 52.7
-5.5 below state avg
367 students Very Diverse
Diverse Student Body
Grades PK-05
M

Middle Schools

5 schools
Allium Montessori School
0.5 mi
Grades 01-06
A-
Putnam Avenue Upper School
0.7 mi | #103 of 352 | Score: 49.1
-9.1 below state avg
283 students Very Diverse
Diverse Student Body
Grades 06-08
A
Rindge Avenue Upper School
1.4 mi | #67 of 352 | Score: 54.3
-3.9 below state avg
292 students Diverse
Diverse Student Body
Grades 06-08
C+
Cambridge Street Upper School
1.7 mi | #214 of 352 | Score: 39.8
-18.4 below state avg
301 students Very Diverse
Diverse Student Body
Grades 06-08
B+
Darby Vassall Upper School
2.0 mi | #118 of 352 | Score: 47.5
-10.7 below state avg
298 students Very Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

3 schools
Farr Academy School
1.2 mi
Grades 07-12
NuVu Innovation School
1.4 mi
Grades 08-12
B-
Community Charter School of Cambridge
2.1 mi | #178 of 346 | Score: 53.1
-5.2 below state avg
251 students Diverse
7 sports • 202 athletes
High Graduation Rate College Ready Curriculum
Grades 06-12
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $0
Homeowners Insurance $200
HOA Fee $1,947/mo
PMI (if <20% down) $0

Loan Summary

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

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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

Property Timeline

🏠
Listed for Sale
Oct 10, 2025
$1,299,000
Original listing
Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

Price & Status History

Date Event Price Change
Oct 10, 2025 New Listing Added $1,299,000

Market Statistics

Days on Market
77 days
Price per Sq Ft
$846

Tax History

Year Taxes Assessment
2025 $1 $1

Financial Details

Annual Property Tax
$1
Tax Year 2025
HOA Fee
$1,947
Monthly
Assessed Value
$1

Listing Information

Listing Agent Jim & Mike Savas Team
Listing Office Berkshire Hathaway HomeServices Commonwealth Real Estate
Agent MLS ID TM334956
Office MLS ID AN5429

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Market Analytics for Cambridge, MA

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