$995,000
●
Condo -
Off Market
371 Broadway #2
Somerville, MA 02145
3 Beds
3 Baths,
1
Half Bath
2,090 Ft²
$5,923
Est. Monthly
$318
HOA / Fees
3.57%
Cap Rate
About This Property
*OFFER ACCEPTED, OPEN HOUSE CANCELLED* Luxurious penthouse condo
with beautiful city views of the Boston skyline to enjoy while
relaxing on your private deck. Centrally located between Magoun
Square and East Somerville, this spacious and beautifully updated
top flr condo consists of 7 Rms/3 bedrooms/2.5 baths, w/approx.
2,038 sq. ft. of living space. With two levels of living, the main
level offers a large open concept dining & living area w/high
ceilings, hardwood flrs. & lots of windows for natural light. Off
the living area is a Office/Den w/access to a private deck. Dining
area leads to a large custom cabinet packed kitchen w/granite
counters, tile backsplash, peninsula, newer SS appliances, gas
range. 1/2 bath for guests. Off the kitchen is an enclosed porch
w/additional storage. The 2nd flr/top flr is home to 3 spacious
bedrooms. Primary bedroom w/full bath, two additional bedrooms, 2nd
full bath w/jacuzzi, & laundry. Unit comes w/deeded private
driveway & designated storage.
Unit Size
2,090 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$476
Property Type
Condo
Property Taxes
$719
HOA Dues
$318
Year Built
1900
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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 #73231641)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2024 | Sold | ||
| Sold | |||
| May 1, 2024 | Listed by Carey Realty Group, Inc. - Boston | $995,000 | |
| Listed by Carey Realty Group, Inc. - Boston | |||
| May 1, 2019 | Sold | ||
| Sold | |||
| Feb 26, 2019 | Listed by Compass | $774,900 | |
| Listed by Compass | |||
| | |||
|
Luxurious Penthouse Condo with City Views. Conveniently located between Magoun Square and East Somerville, lies a beautifully updated, sun-filled 3 bedroom, 2.5 bath condo with two levels of spacious living. Enter the home into an open concept dining and living area complete with high ceilings, bay windows, recessed lighting, and gleaming hardwood floors. The living room flows into a cozy den/office with direct access to a private deck overlooking the city. The expansive chef's kitchen boasts granite countertops, stainless steel appliances, tile backsplash, peninsula, and plenty of storage. A half bath and enclosed back porch complete the first floor. The second floor features a lovely master bedroom with an en suite bathroom as well as two additional bedrooms, laundry, and a full bath. That's not all: private driveway and exclusive back yard, basement storage, and hydro forced air system with 3 zones. Close Davis and Porter Sq Red Line, Assembly Row, 93, and major bus routes.
| |||
Property Highlights
Parking Available
Air Conditioning
With View
Interior Details
Level: Main, First
Features: Flooring - Hardwood, Window(s) - Picture, Dining Area, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove
Level: Second
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub, Enclosed Shower - Fiberglass
Level: Second
Features: Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
Features: Closet, Flooring - Hardwood, Recessed Lighting
Level: Second
Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan, Recessed Lighting
Level: Main, First
Features: Bathroom - Half, Countertops - Stone/Granite/Solid, Lighting - Sconce
Level: First
Features: Bathroom - Full, Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting
Level: Second
Level: Main, First
Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box, Deck - Exterior, Open Floorplan, Recessed Lighting
Level: Main, First
Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan, Recessed Lighting
Features: Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Enclosed Shower - Fiberglass
Level: Second
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Wood, Tile
Laundry Features: Electric Dryer Hookup, Washer Hookup, Second Floor, In Unit
Rooms: 7
Basement: Y
Parking Details
Parking Features: Off Street, Deeded, Paved, Exclusive Parking
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Structure Type: 2/3 Family
Stories (Total): 2
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch, Enclosed, Deck, Covered
Lead Paint: Unknown
Lot Size Area: 0.08
Lot Size Units: Acres
Lot Size Acres: 0.08
Zoning: Res
Parcel Number: 5122317
Water Source: Public
Financial Details
Tax Assessed Value: $819,600
Tax Annual Amount: $8,622
Utilities Details
Utilities: for Gas Range, for Electric Dryer, Washer Hookup
Cooling Type: Central Air
Heating Type: Natural Gas, Hydro Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Reserve Funds
Association Fee Frequency: Monthly
HOA Fee: $318
Community Features: Public Transportation, Shopping, Pool, Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, University
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 |
|---|---|---|---|---|---|---|---|
|
05/01/2024
|
3 Bed
|
3 Bath
|
2090 ft²
|
$995,000
3 Bed
3 Bath
2090 ft²
|
$995,000
06/18/2024
|
Craig Carey
Carey Realty Group, Inc. - Boston
| |
|
03/19/2019
|
3 Bed
|
1 Bath
|
1365 ft²
|
$599,900
3 Bed
1 Bath
1365 ft²
|
$615,000
+2.52%
05/06/2019
|
Todd Denman
Keller Williams Realty Boston Northwest
| |
|
02/26/2019
|
3 Bed
|
2 Bath
|
2038 ft²
|
$774,900
3 Bed
2 Bath
2038 ft²
|
$775,000
+0.01%
05/01/2019
|
Todd Denman
Keller Williams Realty Boston Northwest
| |
|
10/02/2018
| |
6 Bed
|
3 Bath
|
3360 ft²
|
$1,150,000
6 Bed
3 Bath
3360 ft²
|
$1,115,000
-3.04%
12/27/2018
|
Sheena Santos
Barrett Sotheby's International Realty
|
Building Info
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