205 Bishop Drive #205
About This Property
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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.
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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 |
|---|---|---|---|
| Oct 26, 2026 | Sold | ||
| Sold | |||
| Oct 7, 2026 | In contract | - | |
| In contract | |||
| Sep 22, 2026 | Listed by Mega Realty Services | $365,000 | |
| Listed by Mega Realty Services | |||
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Welcome to Bishop Terrace Condominiums! This desirable corner unit offers three bedrooms and a convenient location within a well-maintained community featuring a swimming pool. The main level includes a kitchen and dining area with laminate flooring, while the second floor features three bedrooms and a full bathroom with a glass shower door. A spacious basement provides washer and dryer hookups, plenty of additional space, and potential for future finishing. A long-term tenant currently occupies the property on a tenant-at-will agreement and would like to remain, generating $3,300 per month. Conveniently located for commuters, with easy access to train and highway connections, plus nearby restaurants and the Natick Mall. Butterworth Park is directly across the street, offering a large playground, baseball fields, and tennis and pickleball courts. A great opportunity to own a 3-bedroom condo in a convenient and established community! **GROUP SHOWING MONDAY, SEPTEMBER 28, FROM 5:00 PM TO 6:00 PM. PLEASE TEXT THE LISTING AGENT TO CONFIRM YOUR CLIENT’S ATTENDANCE.**
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| Jul 19, 2024 | Sold | ||
| Sold | |||
| Jun 4, 2024 | Listed by Custom Home Realty, Inc. | $350,000 | |
| Listed by Custom Home Realty, Inc. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/04/2024
|
3 Bed
|
1 Bath
|
1361 ft²
|
$350,000
3 Bed
1 Bath
1361 ft²
|
$320,000
-8.57%
07/19/2024
|
Jose Natal
Mega Realty Services
| |
|
07/24/1996
| |
Loft
|
1 Bath
|
-
|
$89,900
Loft
1 Bath
|
$86,000
-4.34%
09/30/1996
|
Hazel Schwartz
Coldwell Banker Residential Brokerage - Framingham - Worcester Rd.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017