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    On the Block

    For sale: Prices cool in these hot markets

    Recent markdowns offer relief for buyers battling rising prices, even in competitive Cambridge and Lexington.

    $619,000

    3 ARLINGTON STREET #44 / CAMBRIDGE

    SQUARE FEET 721

    CONDO FEE $550 a month

    BEDROOMS 1 BATHS 1 full

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    LAST SOLD FOR $308,900 in 2011

    PROS This fourth-floor unit in a 1930 elevator building with on-site management is just a block from Porter Square and near dozens of shops and restaurants. To the right of the entryway is the living room, with an ornamental fireplace; the galley kitchen runs up the middle to a cute dining area with built-in glass cabinets and views of the Back Bay skyline. A hallway at left leads past a pair of closets to a good-sized bedroom and a full bath with a penny-tile floor. Condo fee includes heat and hot water; the basement holds storage and common laundry. CONS Kitchen has apartment-sized appliances; some cracked tiles in bathroom.

    John Petrowsky/The Petrowksy Jones Group, Compass, 617-504-6330, pjgroup@compass.com

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    $898,000

    52 GRASSLAND STREET/ LEXINGTON

    SQUARE FEET 2,312

    LOT SIZE 0.63 acre

    BEDROOMS 3 BATHS 2 full, 1 half

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    LAST SOLD FOR $621,100 in 2011

    PROS This charming Cape opens right into a living room with a fireplace, built-in bookshelves, and bay windows. Through a French door, a big, bright family room with a cathedral ceiling and wall-to-wall windows overlooks the backyard (with shed, play set, and zipline). The remodeled country kitchen is a stunner, with a farmhouse sink, butcher block island, double gas oven, and banquette breakfast nook; a mudroom area leads to the composite deck in back. A dining room, newer half bath, and bedroom round out the first floor. Upstairs are two more bedrooms and a full bath; in the finished basement are an office, den with fireplace, full bath, and laundry. Other updates include tankless hot water and central air. CONS No garage.

    Lester Savage, Berkshire Hathaway Home Services, 781-504-6856, lester.savage@commonmoves.com