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Condos at Cambridge’s Rand at Porter Start Dropping

Priciest unit so far $970K, cheapest $650K

The ground-up Rand at Porter development in Cambridge’s Porter Square is slated to bring 19 1- and 2-BR condos (and a 3-BR townhouse) to perhaps the region’s most housing-starved city.

The Rand does not open until the fall, but now we know how much the condos will ask.

The project’s most expensive spread so far is $970,000 for Unit 306, a 1,106-square-foot 2-BR, 2-BA with an expansive private deck and a garaged parking space. Its association fee will be $533.

The next-priciest condo is Unit 305, a 1,172-square-foot 2-BR, 2-BA asking $955,000. It also includes a garaged parking space (all units do, in fact, and additional parking is available for $50K a spot). The association fee is $586.

Unit 405, an essentially identical spread with an identical fee, is asking $950K.

There is then a steep drop-off in price, to $840,000 for Unit 301, a 1,074-square-foot 2-BR, 2-BA, down to $650,000 for a 720-square-foot 1-BR, 1-BA.

We should note, too, that many of these units, including the four priciest, are either in contract to be sold or have deals pending for them. Housing-starved, that’s Cambridge.