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$290,000
● Condo - Off Market

386 Commonwealth #2

bedrooms
1 Bed
bathrooms
1 Bath
square feet
381 Ft²
$550,988
RealtyHop Estimate
74.92%
Since Sep 1, 2005
National-US
Primary Model

About This Property

Fully furnished condo with hardwood floors, recessed lighting, high ceilings w/molding, granite countertops, marble floor in bath, cedar closets, new renovation! This unit is tastefully furnished and  comes with all furniture, appliances, wall hangings, electronics, linens and kitchenware. Great for first time home buyer or turn-key property for investors. Common roofdeck w/gorgeous views.  Currently rented as a furnished rental to 8/31/05. Pet friendly, elevator building with laundry.
Unit Size
381 Ft²
Days on Market
-
Land Size
-
Price per sqft
$827
Property Type
Condo
Property Taxes
$129
HOA Dues
$384
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: 4 years ago (MLSPIN #70216620)

Price History

Date / Event Date Event Price
Aug 10, 2005 Sold
Premium
Sold
Jun 27, 2005 Listed by Marcus & Millichap Real Estate Investment Services $315,000
Listed by Marcus & Millichap Real Estate Investment Services

Property Highlights

Air Conditioning
Parking Available
Interior Details
Level: First
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid
Features: Bathroom - Full
Level: First
Features: Cedar Closet(s), Flooring - Hardwood
Level: First
Level: First
Features: Cedar Closet(s), Flooring - Hardwood
Features: Yes
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Oil Water Heater, Utility Connections for Electric Range
Flooring Type: Wood
Laundry Features: In Basement
Rooms: 3
Basement: Y
Parking Details
Parking Features: Off Street
Exterior Details
Has Property Attached
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: The Carlyle
Structure Type: Mid-Rise
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Stone
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: Res
Parcel Number: 0503812004, 3362462
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $143,700
Tax Annual Amount: $1,542
Utilities Details
Utilities: for Electric Range
Cooling Type: Window Unit(s)
Heating Type: Steam
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Hot Water, Laundry, Elevator(s)
HOA Fee: $384
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails
Complex is Completed
Management: Professional - Off Site

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: 4 years ago
Data Source: MLS PIN, MLS# 70216620
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