2013 was a year unlike any other in the history of Cambridge real estate. Multiple offers. Over asking sale prices. No financing contingencies. Such realities became commonplace in Cambridge in 2013.
Incredibly, this Top 10 list could easily have included ten different eye-popping sales and been just as impressive. It was that kind of year in Cambridge real estate. As it is, every single property on this Top 10 list sold for OVER the asking price. Fasten your seatbelt. Here we go.
10. 221 Mt. Auburn Unit 802. Penthouse condo at Riverview near Harvard Square. List price $3,000,000. Sale price $3,100,000. Maybe the $100,000 over the asking price was for the view. This 3-bed, 3-bath condo with 2,494 square feet of living area and one rental parking space is certainly due for a total renovation.
9. 382-392 Harvard Street & 15 Remington. Two seven-unit Queen Anne, shingle-style buildings built at the turn-of-the-century and sold together as a single package. Located just outside of Harvard Square. Listed for $6,800,000 and sold for $8,380,000. It is reported that that there were six offers. Sale price about the location and not the condition - both buildings need to be completely renovated.
8. 13 Surrey Street. Condo-townhouse set back from street in three-unit association just outside Harvard Square. List price $979,000. Sale price $1,100,000. It is reported that there were 10 offers on this place. Built in 1988, with 3-beds, 3-baths and 1,848 square feet of living area. Garage parking for one car. Well maintained but dated.
7. 46 Valentine. Attached single family. List price $549,000. Sale price $632,000. It is reported that there were 18 offers. Functions as a one bedroom with two studies. 1,084 square feet of living area. Built on a slab. I attended the first open house, and there were so many people there that at one point it was not possible to move on the staircase!
6. 20 Marie Avenue. Three-family in Mid Cambridge near Cambridge Hospital. List price $1,185,000. Sale price $1,580,000. Each unit features three bedrooms and one bath and a rather unwieldy floor plan with a long central hall. If you had to pick one word to describe this offering it would be ordinary. And yet it still sold for 33% over the asking price. Stunning.
5. 140 Foster. Single family. List price $1,395,000. Sale price $1,560,000. In theory, a 6-bed, 4.5 bath house with 3,497 square feet of living area. Here's the catch - at point of sale, this house was a gutted shell. A few walls. No systems. Nada. The empty set. And it still sold for $165,000 over the asking price. The appeal? West Cambridge location outside Harvard Square near the Charles River. Corner lot. Garage. Potential.
4. 93 Kirkland Street. 6-unit building in Kirkland Village on the Cambridge-Somerville line. List price $2,000,000. Sale price $2,552,000. Developer's dream. In need of total rehab at point of purchase. 2-bed, 1-bath units. 6,876 square feet. No parking. The good news is that it is walking distance to Savenor's Market, the Kirkland Tap & Trotter - and Harvard University.
3. 7 Humboldt Street. A 1,200 square foot single family in Avon Hill listed for sale for $825,000. Sale price $1,185,000. Cowabunga! The sale price is $360,000 OVER the asking price. The MLS description for 7 Humboldt reads "A wonderful opportunity to construct a new single family home on a 5000+ square foot lot in the very prestigious Avon Hill area near near major shops and restaurants between Harvard and Porter Squares. The existing 1965 Contemporary home is not in habitable condition and builders/ contractors should do their due diligence." It will be FASCINATING to see what happens here. A breathtaking sale.
2. 49 Trowbridge Unit 3. Condo-townhouse. List price $1,250,000. Sale price $1,425,000. Mid Cambridge address near the Cambridge Public Library. Set back from street. 3 bedrooms and 2.5 baths. Covered parking for two cars. I was the listing agent for this offering. The like-kind attached unit sold for $1,150,000 in 2012, so a list price of $1,250,000 in 2013 was strong. For sure, a sale price of $175,000 over the asking price was stunning.
1. 66 Sparks Street. A 5-bed single family with over 6,000 square feet in West Cambridge. List price $3,700,000. Sale price $5,000.000. Curbed Boston wrote a blot post on this sale - CLICK HERE TO READ CURBED BOSTON BLOG POST. Remarkably, it is reported that there were just two offers. And, as you might have guessed, it needs work!