15 Bailey St
About This Property
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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 |
|---|---|---|---|
| Jun 28, 2024 | Sold | ||
| Sold | |||
| May 14, 2024 | Listed by Compass | $1,249,900 | |
| Listed by Compass | |||
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Welcome to 15 Bailey St Somerville.This lovely Colonial home sits on a corner lot with so many great updates throughout with 3 bedrooms,plus den,1.5 baths is truly one of kind.This beautiful home features on the first floor a stunning kitchen with custom cabinets, quartz countertops,island, nice hardwood floors throughout with a spacious living room/dining with built-in china cabiinet,half bath&washer/dryer.The 2nd floor features a nice size primary bedroom along with 2 additional bedrooms plus a den and gorgeous glass walk-in shower with a fantastic soaking tub & nice size balcony.Partial finished basement that can be used as a work shop or workout room.The back yard is a beautiful oasis great for entertaining&gardening,Japanese Maple Trees & more,large rear composite deck and patio.1-car garage.Located in the highly sought after Tufts University/West Somerville neighborhood that is convenient to many local great restaurants,cafes,shops Rt2,Rt16,Broadway,Mass Ave&vibrant Davis Square
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| Aug 27, 2015 | Sold | ||
| Sold | |||
| Jun 18, 2015 | Listed by Compass | $550,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017