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56 Concord Ave APT 27, Cambridge, MA, 02138

2beds
1baths
795sqft
$775,000
$975price/sqft
$4,807/moest. monthly cost
$192,280/yrincome needed

About This Home

Sun-filled top-floor, corner residence perched atop coveted Observatory Hill. Nestled on a picturesque, tree-lined street in one of Cambridge's most charming residential neighborhoods, this exceptional home is just moments from the vibrant shops, acclaimed restaurants, and cultural attractions of Harvard Square. One deeded parking space offers the perfect balance of peaceful neighborhood living and unmatched urban convenience. A grand, welcoming foyer opens to generously proportioned rooms bathed in natural light from multiple exposures. Thoughtfully designed with abundant closet space throughout the home seamlessly blends the gracious proportions and architectural character of the pre-war era with tasteful modern updates. The expansive living room is anchored by an ornamental fireplace and framed by three oversized windows overlooking mature trees, creating a bright and inviting space for everyday living and entertaining. Two equally spacious bedrooms offer exceptional scale and flexibility. The updated kitchen features granite countertops, stainless steel appliances, and abundant cabinetry, while the windowed bathroom is finished with timeless subway tile. Residents enjoy an expansive common patio set within beautifully landscaped grounds and a sprawling lawn—an ideal setting for relaxing, entertaining, or enjoying the outdoors. Additional amenities include bike storage, storage, and common laundry in the basement. A rare opportunity to own a bright, graciously scaled home in one of Cambridge's most sought-after neighborhoods.

Getting Around

90
WalkingVery Walkable
70
TransitExcellent Transit
88
BikeVery Bikeable

Schools

9/10
Maria L. Baldwin SchoolGrades PK-50.6 mi
8/10

Construction

Condition

  • Year built: 1920

Materials

  • Roof: Rubber
  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Wood
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area above ground: 795
  • Common walls with other units/homes: No One Above,Corner

Heating & Cooling

  • Heating features: Central
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 795
  • Total interior livable area: 795 sqft

Master Bathroom

  • Features: No

Property

Details

  • Parcel number: 416271
  • Attached to another structure: Yes
  • Zoning: R1
  • Other equipment: Intercom

Features

  • Entry location: Unit Placement(Upper)
  • Patio & porch: Patio
  • Exterior features: Patio,Garden

Parking

  • Total spaces: 1
  • Parking features: Off Street,Deeded,Exclusive Parking
  • Uncovered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,918$47,016
Home Insurance *$129$1,548
Property Taxes $406$4,872
Electricity $354$4,259
Total$4,807$57,684
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$164,811/yr
40% on housing$144,210/yr
45% on housing$128,186/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.6%
7.6%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$975This listing

vs Other Active Listings

Avg $/sqft

ZIP 02138$845
Middlesex County$437

vs Homes Sold Last Month

Median $/sqft

ZIP 02138$1,072
Middlesex County$413

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-28Listed for sale$775,000
2001-12-19Sold$295,000
1996-05-16Sold$176,500

For Sale by Agent

AgentMarcia Garvey
BrokerageDonnelly + Co.

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