Back To Blog

How Much Does a 3 Bedroom Condo Cost in a Concierge Building in Cambridge in 2016?

How much does a three-bedroom condo cost in a concierge elevator building in Cambridge in 2016?

Year to date in 2016 (through December 11, 2016) MLS reports five 3-br sales in concierge elevator buildings in Cambridge. (No additional 3-br sales are pending.) In case you were wondering, there were no 4-br sales in 2016. In 2015, MLS reported just three 3-br sales in concierge elevator buildings in Cambridge. 

For the five closed 3-br sales in Cambridge concierge elevator buildings in 2016 reported in MLS:

Average sale price $2,932,800 in 2016 (up from $1,843,333 in 2015, a 38% increase)
Average living area 1,759 square feet 
Average sale price per square foot $1,535 (up from $748 per square foot in 2015, a 52% increase)
Average days to an offer being accepted is 29, (compared to 12 days to an offer in 2015)
Sale prices ranged from $1,010,000 to $7,100,000.

The sale event at 975 Memorial Drive for $7,1000,000 is an outlier. If we put this one sale aside, for the other four 3-br concierge building sales in 2016:
Average sale price $1,891,000 - nearly the same as 2015.
Average sale price per square foot $1,101 - still a big jump up from 2015.

There are twelve concierge elevator buildings in Cambridge (Pictured above is the view from the balcony of 1010 Memorial Drive Unit 16 A & B. I listed and sold this three-bedroom residence in 2016. 1010 Memorial Drive is a co-op building rather than a condo association.)

Click here to see active listings in the twelve concierge buildings in Cambridge

There are four concierge buildings in West Cambridge (including Harvard Square):
975 Memorial Drive (Residences at Charles Square)

One 3-br sale at the Residences at Charles Square reported in 2016 in MLS:
975 Memorial Drive Unit 1105 sold for $7,100,000 - this is a record sale price for a three-bedroom condo in Cambridge. Sold for $1,100,000 over the asking price.

130 Mount Auburn Street (University Green)
One 3-br sale at University Green reported in 2016 in MLS:
130 Mount Auburn Unit 510 sold for $2,725,000 - sale price $575,000 over the asking price

221 Mount Auburn Street (Riverview)
No 3-br sales reported in MLS at Riverview in 2016

1010 Memorial Drive
One 3-br sale at 1010 Memorial Drive reported in 2016 in MLS:
1010 Memorial Drive Unit 16 A & B - sold for $2,704,000 - I was the listing agent for this offering. It generated multiple offers and sold for $104,000 over the asking price. This unit is a co-op rather than a condo. 1010 Memorial Drive is the only concierge elevator building co-op in Cambridge.

There are two concierge buildings in Mid Cambridge
931 Massachusetts Avenue
No 3-br sales reported in MLS at 931 Mass. Ave in 2016

950 Massachusetts Avenue (Bay Square)
No 3-br sales reported in MLS at 950 Mass. Ave in 2016

There are six concierge buildings in East Cambridge:
The Esplanade (75-83 Cambridge Parkway)
No 3-br sales reported in MLS at the Esplanade in 2016 

River Court (10 Rogers Street) 
No 3-br sales reported in MLS at River Court in 2016

Thomas Graves Landing (4 and 6 Canal Park)
Two 3-br sales reported in MLS at Thomas Graves Landing (4-6 Canal Park) in 2016:
6 Canal Park Unit 210 sold for $1,125,000
6 Canal Park Unit 701 sold for for $1,010,000

One First (17 Otis and 20-28 Second Street and 150 Cambridge Street)
No 3-br sales reported in MLS at One First in 2016 

Regatta Riverview (8-10-12 Museum Way)
No 3-br sales reported in MLS at Regatta Riverview in 2016

NorthPoint (1 and 2 Earhart)
No 3-br sales reported in MLS at NorthPoint in 2016

I help buyers buy and sellers sell in Cambridge and Somerville, MA. Here to help you. Let's talk.

Call me at 617-733-8937 or email me.

See frequently asked questions and my answers to them at

Check out the Cambridge Somerville Buy Sell Report at

    Add Comment

    Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.


    1. No comments. Be the first to comment.