$575,000
●
Condo -
Off Market
226 Main Street #2
Everett, MA 02149
2 Beds
2 Baths
1,050 Ft²
$3,630
Est. Monthly
$120
HOA / Fees
4.29%
Cap Rate
About This Property
Gorgeous complete gut rehab. All new framing, wiring,
plumbing, HVAC. Closed cell foam insulation with hydro air handlers
with 95% efficient Burnham condensing boilers for heat and hot
water. Solid birch hardwood floors with fully tiled
bathrooms. Recessed Lighting throughout. Large Kitchen
with custom cabinets and stainless-steel appliances. Gas
stove, microwave, double door refrigerator, dishwasher and
disposal. Washer and electric dryer installed with the unit.
Quartz countertops throughout. Private front and rear
decks. Giant common roof top deck with views of the Boston
Skyline. Common landscaped back yard perfect for pets and
kids. Seller financing available for qualified buyers at 5%.
Available Program - $15,000 toward closing costs for
Massachusetts homebuyer - Must qualify.Walking distance to Encore
Casino, Everett Square, Gateway Shopping and Wellington Station
(Orange Line) A MUST SEE.
Unit Size
1,050 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$551
Property Type
Condo
Property Taxes
$667
HOA Dues
$120
Year Built
1890
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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 #73233841)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2024 | In contract | - | |
| In contract | |||
| Aug 15, 2024 | Sold | ||
| Sold | |||
| Jul 25, 2024 | Price Decreased |
$579,000
↓ $20K
(3.3%) | |
| Price Decreased | |||
| May 29, 2024 | Price Increased |
$599,000
↑ $20K
(3.5%) | |
| Price Increased | |||
| May 6, 2024 | Listed by MAC Real Estate | $579,000 | |
| Listed by MAC Real Estate | |||
| | |||
|
Gorgeous complete gut rehab. All new framing, wiring, plumbing, HVAC. Closed cell foam insulation with hydro air handlers with 95% efficient Burnham condensing boilers for heat and hot water. Solid birch hardwood floors with fully tiled bathrooms. Recessed Lighting throughout. Large Kitchen with custom cabinets and stainless-steel appliances. Gas stove, microwave, double door refrigerator, dishwasher and disposal. Washer and electric dryer installed with the unit. Quartz countertops throughout. Private front and rear decks. Giant common roof top deck with views of the Boston Skyline. Common landscaped back yard perfect for pets and kids. Seller financing available for qualified buyers at 5%. Available Program - $15,000 toward closing costs for Massachusetts homebuyer - Must qualify.Walking distance to Encore Casino, Everett Square, Gateway Shopping and Wellington Station (Orange Line) A MUST SEE.
| |||
Property Highlights
Air Conditioning
Interior Details
Level: Second
Width: 15
Length: 13
Features: Flooring - Hardwood, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Paints & Finishes - Zero VOC, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Lighting - Pendant
Area: 195
Level: First
Area: 60
Width: 5
Features: Bathroom - 3/4, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Low Flow Toilet, Paints & Finishes - Zero VOC, Recessed Lighting, Remodeled
Length: 12
Area: 60
Features: Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Low Flow Toilet, Paints & Finishes - Zero VOC, Recessed Lighting, Remodeled
Length: 12
Level: Second
Width: 5
Level: Second
Features: Closet, Flooring - Hardwood, Paints & Finishes - Zero VOC, Recessed Lighting, Remodeled
Width: 10
Length: 12
Area: 120
Width: 12
Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box, Paints & Finishes - Zero VOC, Lighting - Overhead
Length: 13
Level: First
Area: 156
Length: 13
Level: Second
Area: 260
Features: Closet, Flooring - Hardwood, Cable Hookup, Deck - Exterior, Open Floorplan, Paints & Finishes - Zero VOC, Recessed Lighting, Remodeled
Width: 20
Features: Walk-In Closet(s), Flooring - Hardwood, Paints & Finishes - Zero VOC, Recessed Lighting, Remodeled
Level: Second
Length: 12
Width: 15
Area: 180
Features: Yes
Full Bathrooms: 2
Interior Features: WaterSense Fixture(s), Finish - Cement Plaster
Appliances: Range, Disposal, Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Plumbed For Ice Maker
Flooring Type: Wood, Tile
Laundry Features: Flooring - Stone/Ceramic Tile, Electric Dryer Hookup, Paints & Finishes - Zero VOC, Recessed Lighting, Washer Hookup, Second Floor, In Unit
Rooms: 5
Basement: N
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Structure Type: 2/3 Family
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch, Deck, Deck - Roof, Deck - Composite
Lead Paint: None
Lot Size Area: 0.07
Lot Size Units: Acres
Lot Size Acres: 0.07
Zoning: BD
Parcel Number: 480384
Water Source: Public
Financial Details
Tax Map Number: D0
Tax Assessed Value: $743,400
Tax Annual Amount: $8,000
Utilities Details
Utilities: for Gas Range, for Electric Dryer, Washer Hookup, Icemaker Connection
Cooling Type: Central Air
Heating Type: Hydro Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Grounds, Snow Removal
Association Fee Frequency: Monthly
HOA Fee: $120
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
Pets Allowed: Yes
Complex is Completed
Management: Owner Association
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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