47 Pierce Road #47
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 24, 2023 | Sold | ||
| Sold | |||
| Apr 25, 2023 | In contract | - | |
| In contract | |||
| Apr 18, 2023 | Listed by Coldwell Banker Realty - Belmont | $449,000 | |
| Listed by Coldwell Banker Realty - Belmont | |||
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Located within the desirable and professionally managed Village Condominium, this three level townhouse with lots of natural light will check so many of your boxes. The first floor includes an open floor plan with living room, dining room with sliders to your private enclosed patio, and kitchen with gas cooking. The primary bedroom with large closet, second bedroom and full bathroom complete the second floor. Need extra space for a gym, family room, or office? Look no further than the nicely finished basement with recessed lighting and large closet. In addition, the basement offers an unfinished area for laundry and storage. Additional storage can be found in the pull-down attic. With the summer weather quickly approaching, you'll enjoy easy access to the pool across the street. Assigned parking outside your back door. Close proximity to Watertown Square, MBTA bus routes and Commuter Rail, Belmont’s Waverley Square, and lots of local stores and restaurants. Welcome Home!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/18/2023
|
2 Bed
|
1 Bath
|
874 ft²
|
$449,000
2 Bed
1 Bath
874 ft²
|
$500,000
+11.36%
05/24/2023
|
Ellen Sullivan
Alden Hill Real Estate, Inc.
| |
|
07/19/2007
|
2 Bed
|
1 Bath
|
1278 ft²
|
$319,000
2 Bed
1 Bath
1278 ft²
|
$301,000
-5.64%
10/31/2007
|
Stephen Hueber
Senné
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017