realestatecafe says: Great research again, thanks to you (and public access to the City of Cambridge Property assessment database): http://www.cambridgema.gov/fiscalaffairs/PropertySearch.cfm The Real Estate cafe provided some consulting services "a la carte" to a buyer on the same street in 2004 on our first home sold for under assessed value. Originally listed for $4.6 million on 12/5/03, the sale price dropped under the $3,705,800 assessed value on 6/20/04. Six weeks later the property went under agreement for $3.3 million (approx. $400,000 below the assessment at the time.) Wonder if that had any impact on $195,200 reassessment / reduction at 114 Washington? Or could the difference be related to the property use? 114 Washington was listed as both a single family and two family on 9/13/05 at $1,650,000. It went under agreement as a single family on 1/9/06 at $334,800 below its assessment as you note above, $530,000 below it's assessment in 2005. That's a drop of 38%! STUNNING! Maybe I should turn this into a blog post! Bill Wendel The Real Estate Cafe RECafe@mac.com 617-661-4046

realestatecafe says: Great research again, thanks to you (and public access to the City of Cambridge Property assessment database): http://www.cambridgema.gov/fiscalaffairs/PropertySearch.cfm The Real Estate cafe provided some consulting services "a la carte" to a buyer on the same street in 2004 on our first home sold for under assessed value. Originally listed for $4.6 million on 12/5/03, the sale price dropped under the $3,705,800 assessed value on 6/20/04. Six weeks later the property went under agreement for $3.3 million (approx. $400,000 below the assessment at the time.) Wonder if that had any impact on $195,200 reassessment / reduction at 114 Washington? Or could the difference be related to the property use? 114 Washington was listed as both a single family and two family on 9/13/05 at $1,650,000. It went under agreement as a single family on 1/9/06 at $334,800 below its assessment as you note above, $530,000 below it's assessment in 2005. That's a drop of 38%! STUNNING! Maybe I should turn this into a blog post! Bill Wendel The Real Estate Cafe RECafe@mac.com 617-661-4046