33 Michael Way #30
About This Property
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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%.
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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.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 5, 2021 | Sold | ||
| Sold | |||
| Mar 2, 2021 | Listed by Premier Realty Group, Inc. | $549,900 | |
| Listed by Premier Realty Group, Inc. | |||
| | |||
|
Looking for the convenience of condo living that feels more like a single family home? There is so much to love about this sun drenched unit from the custom eat-in kitchen to the dining room that leads to a private balcony. The french doors open to a sunken living room with a wood burning fire place and over sized windows. The master bedroom features cathedral ceilings, a gas fireplace, a master bath and access to a private balcony. Down the hall there is a spare bedroom and bathroom. The finished walk-out basement can be used as a home gym and/or family room. The bonus room could make a great home office. There is an attached garage with a finished loft above. The only condo in the complex with it's own private front porch and arguably the best views from it's 2 balconies! With in close proximity to Route I-93, the commuter rail, as well as all that downtown Andover has to offer with it's shopping & restaurants! Across the street are gorgeous walking trails along the Shawsheen River.
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| Jan 11, 2000 | Sold | ||
| Sold | |||
| Oct 13, 1999 | Listed | $329,900 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/02/2021
|
2 Bed
|
4 Bath
|
2746 ft²
|
$549,900
2 Bed
4 Bath
2746 ft²
|
$590,000
+7.29%
05/05/2021
|
Mary Ann Quinn Team
Premier Realty Group, Inc.
| |
|
10/13/1999
|
2 Bed
|
4 Bath
|
-
|
$329,900
2 Bed
4 Bath
|
$330,000
+0.03%
01/11/2000
|
Barbara Donovan Rizzo
William Raveis R.E. & Home Services
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017