$930,000
●
Condo -
Off Market
3 Royce Place #2
Somerville, MA 02145
3 Beds
3 Baths
1,910 Ft²
$1,021,961
RealtyHop Estimate
13.68%
Since Sep 1, 2021
MA-Boston
Primary Model
About This Property
A complete ground-up renovation nestled on a quiet side street in
the sought after town of Somerville. This exceptional three bedroom
penthouse is located less than 1 mile from Assembly Row! Offering
the perfect blend of space for entertaining. The main level
features modern open concept living & a stunning kitchen with
stately two-toned cabinetry, stainless steel appliances & a sleek
quartz waterfall island with bar seating that opens up into a
separate designated dining area. Step out onto your private
balcony, off the kitchen, to enjoy some fresh air. Beautiful red
oak hardwood flooring flow throughout this home leading you to the
top floor where you'll find your master suite, second bedroom &
work from home space with a private balcony. Finished details
include recessed lighting, in-unit W/D hookups, central heating &
cooling, Navien tankless hot water & energy efficient spray foam
insulation which make for comfortable living. 1 deeded parking spot
+ storage space (both covered).
Unit Size
1,910 Ft²
Days on Market
-
Land Size
-
Price per sqft
$471
Property Type
Condo
Property Taxes
-
HOA Dues
-
Year Built
1900
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #72772206)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 3, 2021 | Sold | ||
| Sold | |||
| Jan 6, 2021 | Listed by Gibson Sotheby's International Realty | $899,000 | |
| Listed by Gibson Sotheby's International Realty | |||
Property Highlights
Air Conditioning
Garage
Parking Available
Interior Details
Level: Second
Width: 13.5
Length: 14.5
Features: Flooring - Hardwood, Balcony / Deck, Kitchen Island, Stainless Steel Appliances, Gas Stove, Lighting - Pendant
Area: 195.75
Level: Third
Area: 59.583333
Width: 5
Features: Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall
Length: 11.916666
Area: 28.333333
Features: Bathroom - Half
Length: 5
Level: Second
Width: 5.666666
Level: Third
Features: Closet, Balcony / Deck
Width: 12.083333
Length: 11.916666
Area: 143.993055
Width: 11.833333
Features: Flooring - Hardwood
Length: 8.916666
Level: Main
Area: 105.513888
Features: Walk-In Closet(s)
Width: 11.166666
Length: 10.833333
Area: 120.972222
Level: Third
Length: 19.333333
Level: Main
Area: 451.111111
Features: Flooring - Hardwood
Width: 23.333333
Width: 5.083333
Features: Bathroom - Full, Bathroom - With Tub
Level: Third
Area: 38.972222
Length: 7.666666
Features: Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Hardwood
Level: Third
Length: 16.916666
Width: 13.916666
Area: 235.423611
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Foyer
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Range Hood, Tank Water Heaterless, Utility Connections for Electric Dryer
Flooring Type: Wood, Hardwood
Laundry Features: In Unit, Washer Hookup
Rooms: 6
Basement: N
Parking Details
Has Garage
Parking Features: Detached, Storage, Off Street, Deeded
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Actual, Renovated Since
PropertySubType: Condominium
Structure Type: 2/3 Family
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Covered
Lead Paint: Unknown
Lot Size Units: Acres
Parcel Number: 759750
Water Source: Public
Utilities Details
Utilities: for Electric Dryer, Washer Hookup
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Snow Removal
Association Fee Frequency: Monthly
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Public School, T-Station, University
Pets Allowed: Yes
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 |
|---|---|---|---|---|---|---|---|
|
01/06/2021
|
3 Bed
|
3 Bath
|
2731 ft²
|
$1,299,000
3 Bed
3 Bath
2731 ft²
|
$1,265,438
-2.58%
08/02/2021
|
Manuel Sarkis
Douglas Elliman Real Estate
| |
|
01/06/2021
|
3 Bed
|
3 Bath
|
1910 ft²
|
$899,000
3 Bed
3 Bath
1910 ft²
|
$930,000
+3.45%
08/03/2021
|
Ryan Glass
Century 21 Marella Realty
| |
|
04/25/2016
| |
6 Bed
|
3 Bath
|
2858 ft²
|
$1,100,000
6 Bed
3 Bath
2858 ft²
|
$900,000
-18.18%
10/04/2016
|
Anthony Bevilacqua
929 Real Estate.com/Cambridge Real Estate Associates.com
|
Building Info
About East Somerville
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$3,136 /mo
- Studio
- 1 Bath
- 537 ft²
$3,892 /mo
- 2 Beds
- 1 Bath
- 950 ft²
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017