$775,000
●
Condo -
Off Market
226 Main #1
Everett, MA 02149
4 Beds
3 Baths,
1
Half Bath
2,025 Ft²
$4,790
Est. Monthly
$200
HOA / Fees
5.30%
Cap Rate
About This Property
Gorgeous complete gut rehab to the studs. All new Framing
including roof and interior walls. All new plumbing,
electrical and HVAC. Closed cell foam insulation throughout
with hydro air handlers with 95% efficient Burnham condensing
boilers for heat and hot water. Solid birch flooring with
tiled bathrooms. Recessed lighting throughout. Large
kitchen with custom cabinets and large island. Stainless
Steel appliances throughout. Gas stove, microwave, double
door refrigerator, dishwasher and disposal. Washer and
electric dryer installed with the unit. Quartz Countertops
throughout. Private rear deck. Giant common roof deck
with views of the Boston skyline.'Large fenced in back yard perfect
for kids and pets.Walking distance to Encore Casino, Everett
Square, Gateway Shopping Center, and Wellington Station (Orange
Line)
Unit Size
2,025 Ft²
Days on Market
-
Land Size
-
Price per sqft
$395
Property Type
Condo
Property Taxes
$667
HOA Dues
$200
Year Built
1890
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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: 3 years ago (MLSPIN #73269483)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2024 | Sold | ||
| Sold | |||
| Aug 1, 2024 | In contract | - | |
| In contract | |||
| Jul 25, 2024 | Listed by MAC Real Estate | $799,000 | |
| Listed by MAC Real Estate | |||
Property Highlights
Air Conditioning
Interior Details
Level: Basement
Width: 15
Length: 13
Features: Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Exterior Access, Paints & Finishes - Zero VOC, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Pendant
Area: 195
Level: First
Area: 30
Width: 5
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Low Flow Toilet, Paints & Finishes - Zero VOC, Recessed Lighting
Length: 6
Area: 120
Features: Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Bathroom - With Tub, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Low Flow Toilet, Cabinets - Upgraded, Paints & Finishes - Zero VOC, Recessed Lighting
Length: 12
Level: First
Width: 10
Level: Basement
Features: Closet, Flooring - Vinyl, Cable Hookup, Paints & Finishes - Zero VOC, Recessed Lighting
Width: 14
Length: 12
Area: 168
Area: 144
Length: 12
Level: Basement
Features: Closet, Flooring - Vinyl, Cable Hookup, Paints & Finishes - Zero VOC, Recessed Lighting
Width: 12
Width: 12
Features: Flooring - Hardwood, Paints & Finishes - Zero VOC, Lighting - Overhead
Length: 13
Level: First
Area: 156
Features: Closet, Flooring - Vinyl, Cable Hookup, Paints & Finishes - Zero VOC, Recessed Lighting
Width: 14
Length: 12
Area: 168
Level: Basement
Length: 13
Level: First
Area: 260
Features: Closet/Cabinets - Custom Built, Flooring - Hardwood, Exterior Access, Open Floorplan, Paints & Finishes - Zero VOC, Recessed Lighting
Width: 20
Length: 13
Level: Basement
Features: Closet/Cabinets - Custom Built, Flooring - Vinyl, Cable Hookup, Exterior Access, Open Floorplan, Paints & Finishes - Zero VOC, Recessed Lighting
Width: 27
Area: 351
Width: 5
Features: Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Low Flow Toilet, Paints & Finishes - Zero VOC, Recessed Lighting
Level: Basement
Area: 65
Length: 13
Features: Walk-In Closet(s), Flooring - Hardwood, Cable Hookup, Paints & Finishes - Zero VOC, Recessed Lighting
Level: Main, First
Length: 12
Width: 16
Area: 192
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: WaterSense Fixture(s), Finish - Cement Plaster
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Oven
Flooring Type: Wood, Tile, Hardwood, Wood Laminate
Laundry Features: Flooring - Vinyl, Electric Dryer Hookup, Paints & Finishes - Zero VOC, Recessed Lighting, In Basement, Washer Hookup
Rooms: 8
Basement: N
Exterior Details
Entry Level: 1
Year Built Source: Builder
Year Built Details: Actual
PropertySubType: Condominium
Building Name: 226 Main Street Condominiums
Structure Type: Detached
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch, Deck, Deck - Composite, Deck - Roof + Access Rights
Lead Paint: None
Lot Size Units: Acres
Zoning: BD
Parcel Number: 480384
Water Source: Public
Financial Details
Tax Map Number: D0
Tax Assessed Value: $743,000
Tax Annual Amount: $8,000
Utilities Details
Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Cooling Type: Central Air
Heating Type: Central, Natural Gas, Hydro Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
Association Fee Frequency: Monthly
HOA Fee: $200
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station
Pets Allowed: Yes
Complex is Completed
Management: Developer Control
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/25/2024
|
4 Bed
|
3 Bath
|
2025 ft²
|
$799,000
4 Bed
3 Bath
2025 ft²
|
$775,000
-3.00%
09/26/2024
|
Jessica Cohen Barmach
Gibson Sotheby's International Realty
| |
|
05/06/2024
|
2 Bed
|
2 Bath
|
1050 ft²
|
$625,000
2 Bed
2 Bath
1050 ft²
|
$575,000
-8.00%
08/15/2024
|
Michael Casoli
MAC Real Estate
|
Building Info
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