CambridgeLisa MaySOLD

17 Maple Ave • Unit 3

CambridgeLisa MaySOLD
17 Maple Ave • Unit 3

17 Maple Avenue, Unit 3 Cambridge, MA  02139

A Contemporary Townhouse in Mid Cambridge

SOLD FOR: $1,461,000

This contemporary townhouse, built in 1987 on one of Cambridge’s prettiest streets, offers endless opportunities to celebrate the vibrant diversity of our modern lives. On the ground floor there is a large room with a half bath that offers privacy and separation for work or guests. One level up, the open plan main floor is a comfortable place for family and friends to congregate, share a meal, gather around the fireplace or sit outside in warmer weather. The top floor is your retreat, a protected place to rest and recharge, featuring a master suite with full bath and private deck, as well as a second bedroom & bathroom. Wall space abounds throughout, and big windows and glass doors bring in plenty of natural light. There is either a half or a full bath on every floor, 4 decks, an attic for storage, and an attached garage & a 2nd outdoor parking space. A well established association, Maple Ave Condominium has a community of owners who care about their property & each other.

property details

interior

Size: 1,989 sq. ft. (master deed says 2,269 which includes the garage)      
Rooms: 6
Bedrooms: 2
Bathrooms: 2 full, 2 half

Exterior

Roof: Asphalt shingles (2015)
Materials: Clapboards (painted in 2016)
Outdoor space: 4 decks plus common outdoor space (decks to be replaced in 2017)
Parking: 1 garage space, and 1 outdoor space for your exclusive use

Systems

Heat: Forced warm air, 4 zones (older)
Cooling: Central A/C, 4 zones (older)
Laundry: Stacked washer/dryer on second floor

Other

Year built: 1987
Taxes: $7,249, (this figure does not include the residential exemption of $2,106.96)
Beneficial interest: 19.1%
Owner occupancy: 4 out of 5 units are owner occupied

Monthly Fee (divided in 3 parts) 

  • Condo fee: $429.56 for master insurance, exterior maintenance, landscaping, snow removal, professional management
  • Water bill: $40 (based upon yearly estimate for unit, unit separately metered)
  • Capital project assessment: $907.25 monthly through September 2017 to fund the replacement of decks and rear stairs with TREKS and the installation of an irrigation system on the grounds.

Disclosures

  • Driveway and parking easement for underground garage owned by Milk Street Holdings
  • Condo docs prohibit smoking and short terms rentals (Airbnb, etc.) 
  • Leases must be for at least 9 months
  • Window treatments and draperies must be backed in white for uniform look from the outside
  • No more than 2 household pets per unit

Association’s Approach to Managing 17 Maple Avenue

Since 2015, the Maple Avenue Condominium association has managed the ongoing maintenance and capital needs of their building with monthly contributions to a Capital Improvement Fund. Recent projects include the replacement of the roof, and painting the building. In 2017 they will replace the decks and install an irrigation system on the grounds. Future capital projects being discussed include landscaping and repaving the driveway. The Association has agreed to continue to collect funds and do the work necessary to maintain the building, as needed.