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$560,000
● Condo - Off Market

416 Commonwealth #217

Boston, MA
bedrooms
1 Bed
bathrooms
2 Baths
square feet
1,041 Ft²
$969,841
RealtyHop Estimate
86.54%
Since Jun 1, 2008
National-US
Primary Model

About This Property

The Somerset, a Back Bay landmark, is only steps away from Newbury St.  It offers 24 hour concierge services, additional basement storage, a professional management company, a gym, and more. This sunny one bedroom two full bath unit overlooks the landscaped pool.  The large living room with a fireplace makes entertaining easy.  A/C, W/D and one garage parking spot available for additional $60K makes this unit a must see.
Unit Size
1,041 Ft²
Days on Market
-
Land Size
-
Price per sqft
$499
Property Type
Condo
Property Taxes
$479
HOA Dues
$551
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 #70638984)

Price History

Date / Event Date Event Price
May 28, 2008 Sold
Premium
Sold
Aug 29, 2007 Listed by The Charles Realty $519,900
Listed by The Charles Realty

Property Highlights

Air Conditioning
Interior Details
Features: Yes
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Rooms: 5
Has Fireplace
Fireplaces: 1
Basement: N
Parking Details
Has Garage
Garage Spaces: 1
Exterior Details
Has Property Attached
Entry Level: 2
Security Features: Doorman
Year Built Source: Owner
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Somerset
Structure Type: Mid-Rise
Stories (Total): 1
Building Area Units: Square Feet
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: Residentia
Parcel Number: 3362322
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $523,400
Tax Annual Amount: $5,752
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Heat Pump
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Security, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Pool, Laundry, Elevator(s), Fitness Center
HOA Fee: $551
Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - On 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# 70638984
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