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$279,000
● Condo - Off Market

1691 Commonwealth #4

Boston, MA
bedrooms
1 Bed
bathrooms
1 Bath
square feet
550 Ft²
$409,579
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Excellent opportunity for either owner occupant or savvy investor!  Airy, spacious, quiet and well laid out one bedroom condo in a fabulous location, on the exclusive section of Commonwealth Ave's outbound "carriage" lane. This condo features a sun drenched eat in kitchen, generous living room, gracious entryway/hallway, ample closets, and a large bedroom. Gleaming hardwood floors throughout, updated windows, and high ceilings. Added bonus: lead safe, same floor laundry facilities, common bike storage, very well established and expertly managed condo association. Short walk to vibrant Washington Square, Whole Foods, and the T.  Easy access to Cleveland Circle, restaurants, and colleges. Currently vacant.
Unit Size
550 Ft²
Days on Market
-
Land Size
-
Price per sqft
$562
Property Type
Condo
Property Taxes
$223
HOA Dues
$359
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: 5 years ago (MLSPIN #72717094)

Price History

Date / Event Date Event Price
Nov 17, 2020 Sold
Premium
Sold
Aug 27, 2020 Listed by Benoit Real Estate Group ,LLC $309,000
Listed by Benoit Real Estate Group ,LLC

Property Highlights

Interior Details
Level: First
Features: Flooring - Vinyl, Dining Area, Gas Stove
Features: Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile
Level: First
Features: Flooring - Hardwood
Level: First
Level: First
Features: Flooring - Hardwood
Full Bathrooms: 1
Interior Features: Internet Available - Unknown
Appliances: Range, Dishwasher, Refrigerator, Utility Connections for Gas Range
Flooring Type: Wood, Hardwood
Laundry Features: Common Area, In Building
Rooms: 3
Basement: N
Exterior Details
Has Property Attached
Entry Level: 1
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Structure Type: Mid-Rise
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Brick
Lead Paint: Certified Treated
Lot Size Units: Acres
Zoning: Res
Parcel Number: 1215635
Water Source: Public
Financial Details
Tax Assessed Value: $253,600
Tax Annual Amount: $2,678
Utilities Details
Utilities: for Gas Range
Cooling Type: None
Heating Type: Hot Water
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Snow Removal
HOA/Condo/Coop Amenities: Hot Water, Laundry, Elevator(s)
Association Fee Frequency: Monthly
HOA Fee: $359
Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University
Pets Allowed: Yes
Complex is Completed
Management: Professional - Off Site

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: 5 years ago
Data Source: MLS PIN, MLS# 72717094
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