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$165,000
● Condo - Off Market

1508 Gorham Street #204

bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,342 Ft²
$333,354
RealtyHop Estimate
97.25%
Since Nov 1, 2004
National-US
Primary Model

About This Property

Wonderful concord meadow condo, one of the largest @ 1,342SF, great 2nd floor location, C/A, Elevator,  garage under, handicap accessible, easy access to highways, great location on Chelmsford line.
Unit Size
1,342 Ft²
Days on Market
-
Land Size
-
Price per sqft
$126
Property Type
Condo
Property Taxes
$100
HOA Dues
$175
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 #70090822)

Price History

Date / Event Date Event Price
Oct 21, 2004 Sold
Premium
Sold
Sep 14, 2004 Listed by LAER Realty Partners $169,000
Listed by LAER Realty Partners

Property Highlights

Air Conditioning
Parking Available
Interior Details
Level: Second
Width: 8
Length: 15
Area: 120
Level: Second
Area: 48
Width: 6
Length: 8
Area: 72
Length: 9
Level: Second
Width: 8
Width: 19
Features: Flooring - Wall to Wall Carpet
Length: 20
Level: Second
Area: 380
Length: 18
Level: Second
Area: 216
Features: Flooring - Wall to Wall Carpet, Balcony / Deck
Width: 12
Features: Flooring - Wall to Wall Carpet
Width: 10
Length: 17
Area: 170
Features: Flooring - Wall to Wall Carpet
Length: 18
Width: 13
Area: 234
Half Bathrooms: 1
Full Bathrooms: 1
Flooring Type: Carpet
Rooms: 5
Basement: N
Parking Details
Has Garage
Parking Features: Assigned
Garage Spaces: 1
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Concord Meadows
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Frame, Brick
Lead Paint: None
Lot Size Units: Acres
Zoning: Res
Parcel Number: 4347957
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $82,700
Tax Annual Amount: $1,200
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Elevator(s)
HOA Fee: $175
Complex is Completed

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# 70090822
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