Hammond Agents Palumbo-Hanson and Duncan-Brown Sell Cambridge Multi-family for Record Price of $8.38M

Posted by Mark H. Lippolt — December 27, 2013

1388175009CAMBRIDGE, MA – Davis Rowley, manager of Hammond Real Estate’s Cambridge office located at Two Brattle Square, recently announced the $8,380,000 sale of 382-392 Harvard Street and 15 Remington Street in Cambridge, which, according to MLS data, was the highest-priced purely residential multi-family transaction in the city within the past ten years. Hammond agents Laura Palumbo-Hanson and Ross Duncan-Brown represented the seller and buyer in the transaction, respectively.

Set on a prominent corner just outside of Harvard Square in the Mid-Cambridge Neighborhood Conservation District, 382-392 Harvard Street and 15 Remington Street feature 15,606 square feet of gross measured living space situated on a 10,507 square foot lot. The two Queen Anne style multi-unit buildings are comprised of fifty-nine rooms, including twenty-eight bedrooms, eleven bathrooms, and two half-bathrooms. Each property features unique period details such as grand foyers, wood floors, high-ceilings, fireplaces, and private outdoor spaces.

Davis Rowley said, “He is indeed fortunate to have such quality people in the Hammond Cambridge office. Ross and Laura make coming to work a pleasure!”

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A Vice President at Hammond Residential Real Estate for many years, Laura Palumbo-Hanson has been a top-producing agent in the marketing and selling of real estate in Cambridge and its surrounding communities since 1985. Laura is a native New Englander and Cambridge homeowner who knows the local real estate market. She is a REALTOR® who has earned and maintains each of the following real estate designations: CRS-Certified Residential Specialist, ABR-Accredited Buyer Representative and CBR-Credited Buyer Representative. Additionally, she is currently serving her fourth term on the Greater Boston Real Estate Board Professional Standards Committee.

Ross Duncan-Brown is entering his twenty-second year in commercial real estate, during which time he has participated in a broad range of deals, including land sales, development packages, investment sales of office and apartment buildings (including tax deferred exchanges), as well as office, industrial and retail leasing. He currently concentrates on sales and leasing and has been with Hammond's Commercial division in Cambridge since 1994. Ross’ market expertise includes the areas of Boston, Cambridge, the inner suburbs and Route 128 west.

Rowley also noted “the Cambridge market has been red hot for the second year in a row. It remains an incredibly strong seller’s market and very difficult on buyers. This past year has seen a dramatic increase in the number of multiple offer scenarios. These situations are very stressful on both buyers and real estate agents. My agents have had to do a lot of consoling and hand holding with buyers. Having highly qualified and professional agents working with us has helped bring calm to many transactions.”

About Hammond Residential Real Estate

Hammond Real Estate in Cambridge ranks as one of the top three real estate firms within the city, and Hammond agents are consistently recognized for their successful transactions. In addition to the Belmont and Cambridge Offices, Hammond has three Boston locations and twelve suburban branch offices. Collectively, Hammond's seventeen office network generates over two billion dollars in sales volume annually, and is well-known as the publisher of the region’s finest magazines featuring local properties for sale. In 2012, Hammond ranked nationally as one of the top 100 real estate companies based on productivity per agent and overall sales volume. Hammond was also recognized in 2013 by The Boston Globe as a “top place to work” company. The Cambridge office is the exclusive Regents representative of the Luxury Real Estate network.

To learn more, please visit www.HammondRE.com.

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