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$235,000
● Condo - Off Market

137 Franklin #105

bedrooms
2 Beds
bathrooms
2 Baths
square feet
921 Ft²
$416,950
RealtyHop Estimate
73.80%
Since Oct 1, 2005
National-US
Primary Model

About This Property

Two bedroom, two bath condominium at the Brookmeadows. Convenient location near Town Center, schools, and Rts. 93&128. Short distance to Melrose Highlands commuter rail. One deeded parking space. Pets OK (Fee for dogs)
Unit Size
921 Ft²
Days on Market
-
Land Size
-
Price per sqft
$260
Property Type
Condo
Property Taxes
$191
HOA Dues
$225
Year Built
-

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Cap Rate Calculator

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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: 4 years ago (MLSPIN #70171263)

Price History

Date / Event Date Event Price
Sep 23, 2005 Sold
Premium
Sold
Apr 11, 2005 Listed by Spartan Realty $239,900
Listed by Spartan Realty

Property Highlights

Air Conditioning
Parking Available
Interior Details
Level: First
Level: First
Level: First
Level: First
Level: First
Level: First
Level: First
Features: Yes
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Electric Water Heater, Tank Water Heater, Utility Connections for Electric Range, Utility Connections for Gas Dryer
Laundry Features: First Floor, Washer Hookup
Rooms: 5
Basement: N
Parking Details
Parking Features: Off Street, Deeded
Exterior Details
Entry Level: 1
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Brookmeadows
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Frame, Brick
Patio and Porch Features: Patio
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RB
Parcel Number: 4519842
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $218,600
Tax Annual Amount: $2,287
Utilities Details
Utilities: for Electric Range, for Gas Dryer, Washer Hookup
Cooling Type: Wall Unit(s), Dual
Heating Type: Electric Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Elevator(s)
HOA Fee: $225
Community Features: Shopping
Complex is Completed
Management: Professional - Off Site, Owner Association

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 70171263
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