Last Thursday, we told you about Unit 3 at 315 Elm Street in Inman Square, the only current listing in Cambridge and Somerville under $250,000. We thought we would come up with a map of several homes in the two cities asking slightly more than that—say, no more than $300,000. We found, however, only one listing in Cambridge and Somerville asking under that amount (well, besides the condo at 315 Elm).
Unit 1 at 46 Elmwood Street near Davis Square is asking $279,900. The 1-BR, 1-BA, 517-square-foot condo has been on the sales market since Thursday, and last traded for $250K in May 2010. Incidentally, there are other Cambridge/Somerville listings asking under $300,000. Thing is, though, they're all spoken for, with contracts out or deals pending. Which leads us to think that the recently listed condos at both 315 Elm and 46 Elmwood won't last long.
And then there will be nothing on the market in either city for under $300K. Have a nice day.
· Listing: 46 Elmwood Street, #1 [Re/Max]
· The Only Condo in Cambridge and Somerville Under $250K [Curbed Boston]