11 Spring Hill Ter
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 27, 2024 | Sold | ||
| Sold | |||
| Nov 27, 2024 | In contract | - | |
| In contract | |||
| Oct 31, 2024 | Listed by Conway - Walpole | $1,150,000 | |
| Listed by Conway - Walpole | |||
| | |||
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Welcome to historic Spring Hill one of Somerville’s highly sought after neighborhoods. Home is located minutes to schools, shops, public transportation, Harvard and Tufts University. Plenty of original features such as formal dining room with built in hutch, original moldings and pocket doors along with plenty of updates including bright and sunny kitchen with beautiful cabinetry, Corian countertops, and Stainless-Steel appliances. Home offers 4 bedrooms, 2 fully updated bathrooms, plus a walk-up attic for possible expansion. Many additional updates call today for detail list.
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| Jul 22, 1983 | Sold | ||
| Sold | |||
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About Powder House
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017