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$365,000
● House - Off Market

24 Forest #2

Manchester, MA
bedrooms
2 Beds
bathrooms
1 Bath
square feet
950 Ft²
$527,508
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

This charming freestanding condo cottage is located on a side street close to the village,schools,beaches and the T. When you walk through the front door you enter into a bright and light kitchen that has a open concept to the living room with a cathedral ceiling and skylight.The second floor offers 2 bedrooms and a bathroom. You can enjoy your summers in the fenced in yard with space for entertaining and your pets.There have been many updates that include a new high-efficiency gas heating system, a freshly painted interior and a updated bath.  There also is a large attached unheated space that could be converted into a workshop /craft room or keep it as extra storage. Great opportunity for property ownership in this beautiful seaside community. No fees, 4 off street parking spaces.
Unit Size
950 Ft²
Days on Market
-
Land Size
0.02 acres
Price per sqft
$347
Property Type
House
Property Taxes
$211
HOA Dues
-
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 #72144405)

Price History

Date / Event Date Event Price
Jul 7, 2017 Sold
Premium
Sold
Apr 11, 2017 Listed by Coldwell Banker Realty - Manchester $330,000
Listed by Coldwell Banker Realty - Manchester

Property Highlights

Interior Details
Level: First
Features: Flooring - Laminate, Countertops - Upgraded
Level: Second
Features: Flooring - Wood
Features: Flooring - Wood
Level: Second
Features: Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Remodeled
Level: Second
Level: First
Features: Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Closet, Flooring - Wood, Cable Hookup
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Gas Water Heater
Flooring Type: Wood, Tile, Laminate
Rooms: 4
Parking Details
Parking Features: Paved Drive
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Single Family Residence
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Unknown
Lot Features: Level
Lot Size Area: 0.02
Lot Size Units: Acres
Lot Size Acres: 0.02
Zoning: RES
Parcel Number: 4569236
Water Source: Public
Financial Details
Tax Assessed Value: $229,700
Tax Annual Amount: $2,527
Utilities Details
Cooling Type: None
Heating Type: Central, Baseboard, ENERGY STAR Qualified Equipment
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station

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# 72144405
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