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Modest Cambridge homes, lofty prices

Posted by Scott Van Voorhis May 8, 2014 04:16 PM

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You don't have to be the seller one of those grand old Brattle Street mansions to draw a line of buyers at the door.

In fact, just about any habitable patch of real estate in Cambridge is sure to spark a bidding war these days.

Check out these Cambridge bidding war homes.

Here are three fairly modest Cambridge condos that fetched anywhere from $86,000 to 126,000 over asking.

Not alone, these were just three of several Cambridge homes and condos that were bid up in April - roughly a quarter of all homes and condos sold in the city last month fetched at least $100,000 over asking, notes Bill Wendel over at the Real Estate Café.

Let's start with 29 Sixth Street. The 1,200 square foot townhouse recently sold $705,000, well over its asking price of $579,000.

29 Sixth Street, Cambridge.jpg

It is billed as an "extraordinary home in the heart of a hot Cambridge 'hood." OK, it's snazzy looking, I will grant you that, but the "three-level town home" is a stretch unless you are counting the basement of this renovated, 1873 home.

Next up: A tiny, 995-square-\foot, two bedroom condo in Kendall Square at 5-7 Plymouth St.

This little condo, though, packs a big price, hauling in $610,000, or $100,000 above the asking price.

5-7 Plymouth St #3, Cambridge, MA 02141.jpg

Looks nice enough, but then again, it would have barely gotten $200,000, if it has been in Framingham, not Cambridge.

Finally there's this 964-square-foot unit in the Agassiz neighborhood. It went for $86,000 over asking. Not bad given the unit at 3 Sacramento Place was on the market for $449,000.

3 Sacramento Place, Cambridge, Unit 3.jpg

As they say location, location, location!

This blog is not written or edited by or the Boston Globe.
The author is solely responsible for the content.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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