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$825,000
● Condo - Off Market

48 Porter #1

Somerville, MA
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,188 Ft²
$767,211
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Fabulous Spring Hill condo!  Light and bright 2+ bedroom condo features hardwood floors, updated bath, eat-in-kitchen with stainless appliances and great pantry for additional storage, central air, great closets AND.... did I mention GARAGE parking??  Lovely enclosed rear porch. Bonus exclusive use to additional finished room in the basement as well a full bath. HVAC heat/cooling (2019), roof (2010), exterior painted in 2017.  Convenient location!  Close to the Red line/Commuter rail, Green line, 88 and 87 bus lines. On street permit parking.  This lovingly cared for condo is ready for its new owner!
Unit Size
1,188 Ft²
Days on Market
-
Land Size
-
Price per sqft
$631
Property Type
Condo
Property Taxes
$315
HOA Dues
$175
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: 5 years ago (MLSPIN #72976540)

Price History

Date / Event Date Event Price
Jul 15, 2022 Sold
Premium
Sold
May 4, 2022 Listed by Success! Real Estate $749,900
Listed by Success! Real Estate

Property Highlights

Air Conditioning
Garage
Parking Available
Interior Details
Level: First
Width: 13
Length: 13
Area: 169
Level: Basement
Level: First
Width: 10
Length: 10
Area: 100
Width: 11
Features: Flooring - Hardwood
Length: 13
Level: First
Area: 143
Length: 14
Level: First
Area: 182
Features: Flooring - Hardwood
Width: 13
Length: 21
Level: Basement
Width: 10
Area: 210
Level: First
Length: 14
Width: 12
Area: 168
Level: First
Features: No
Full Bathrooms: 1
Appliances: Dishwasher, Refrigerator, Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Wood
Laundry Features: In Basement, In Building
Rooms: 6
Basement: Y
Parking Details
Has Garage
Parking Features: Detached, On Street, Common, Exclusive Parking
Garage Spaces: 1
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: The 48 Porter Street Condominium
Structure Type: 2/3 Family
Stories (Total): 2
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Enclosed
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: res
Parcel Number: 4587239
Water Source: Public
Financial Details
Tax Assessed Value: $656,600
Tax Annual Amount: $3,782
Utilities Details
Utilities: for Gas Range
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance
Association Fee Frequency: Monthly
HOA Fee: $175
Community Features: Public Transportation, Shopping, Park, Bike Path, Highway Access, Public School, T-Station
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Owner Association, No Management

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: 5 years ago
Data Source: MLS PIN, MLS# 72976540
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