$640,000
●
Condo -
Off Market
124 Pearson Rd #2
Somerville, MA 02144
2 Beds
2 Baths
916 Ft²
$940,359
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model
About This Property
Newly renovated 2 BR, 2 BA condo unit offers an eat-in white shaker
style cabinet kitchen w/granite countertops, high-end stainless
steel appliances inclusive of a 4 burner gas stove w/griddle, a
microwave, LG double door refrigerator, a dishwasher, a disposal,
subway tiled backsplash, a breakfast counter w/cabinet storage, & a
pantry area w/LG washer & dryer. Unit has mostly refinished
hardwood floors throughout. A private Master Bedroom offers an en
suite bath. A 2nd guest bedroom features a perfect reading or
studying area with a bay window seat w/access to a private balcony.
Other bonus features include front & rear decks, off-street
parking, exclusive basement storage, a fenced-in backyard with a
patio and the building has updated electric, a NEW ROOF & more!
Condo fees are estimated and subject to change. WALK SCORE OF 80!!
Extremely sought after area near Ball Square just .9 miles from the
Davis Square Red Line. Tenant occupied. Show By appt
only on M 3/25 11AM to noon, F 3/29
Unit Size
916 Ft²
Days on Market
-
Land Size
-
Price per sqft
$719
Property Type
Condo
Property Taxes
$879
HOA Dues
$124
Year Built
1900
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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%.
How much can I actually make?
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.
Last updated: 5 years ago (MLSPIN #72396963)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 14, 2019 | Sold | ||
| Sold | |||
| Sep 17, 2018 | Listed by Coldwell Banker Realty - Waterfront | $659,000 | |
| Listed by Coldwell Banker Realty - Waterfront | |||
Property Highlights
Parking Available
Interior Details
Level: First
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Stainless Steel Appliances
Level: First
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Remodeled
Level: First
Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box, Balcony / Deck
Features: Flooring - Hardwood
Level: First
Features: Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Remodeled
Level: First
Features: Bathroom - Full, Flooring - Hardwood
Level: First
Level: First
Features: Flooring - Hardwood
Features: Yes
Full Bathrooms: 2
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
Flooring Type: Wood, Tile, Hardwood
Laundry Features: First Floor, In Unit
Rooms: 5
Basement: Y
Parking Details
Parking Features: Off Street, On Street
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: 124 Pearson Rd. Condominium
Structure Type: 2/3 Family
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RA
Parcel Number: M:18 B:B L:4, 749566
Water Source: Public
Financial Details
Tax Assessed Value: $932,500
Tax Annual Amount: $10,547
Utilities Details
Utilities: for Gas Range, for Gas Oven
Cooling Type: None
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Snow Removal
Association Fee Frequency: Monthly
HOA Fee: $124
Community Features: Public Transportation, Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
Complex is Completed
Management: Owner Association
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/17/2018
|
1 Bed
|
1 Bath
|
745 ft²
|
$529,000
1 Bed
1 Bath
745 ft²
|
$520,000
-1.70%
06/04/2019
|
Frank Celeste
Gibson Sotheby's International Realty
| |
|
09/17/2018
|
2 Bed
|
2 Bath
|
916 ft²
|
$659,000
2 Bed
2 Bath
916 ft²
|
$640,000
-2.88%
06/14/2019
|
Jeffrey Goldman
Coldwell Banker Realty - Waterfront
| |
|
09/17/2018
|
2 Bed
|
2 Bath
|
940 ft²
|
$629,000
2 Bed
2 Bath
940 ft²
|
$620,000
-1.43%
06/07/2019
|
Ariel Szabo
Donnelly + Co.
| |
|
06/08/2018
| |
2 Bed
|
2 Bath
|
940 ft²
|
-
2 Bed
2 Bath
940 ft²
|
-
-
|
-
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017