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Map
$545,000
●
Condo -
Off Market
482 Place Ln #482
Woburn, MA 01801
2 Beds
2 Baths
1550 Sqft
$3,598
Est. Monthly
$573
HOA / Fees
4.20%
Cap Rate
About This Property
Spacious 1,550 sq. ft. 2-bedroom 2 bath condominium located at
Place Lane Condominiums. This unit is located on the 4th floor and
features a wood burning fireplace and a slider to the balcony, The
kitchen has many cabinets and a breakfast bar which looks into the
large dining room. The living room is located in the middle of the
unit allowing privacy for both bedrooms and the baths. The master
bedroom is very large and has not only a walk-in closet but also
another closet. The master bath has a linen closet. The second
bedroom has a closet and is located near the 2nd full bath. There
is also a laundry room. The furnace was replaced in 2015, the hot
water tank 2018, the slider 2012, windows 2018, dishwasher 2015.
Bring your choices of paint and/or flooring and make this unit
yours Place Lane offers you a community room where you can
attend or have functions, tennis courts, an in-ground pool, and
concierge. Convenient location near bus/train and Rtes. 128/93 &
downtown Woburn
Unit Size
1,550Ft²
Days on Market
203 days
Land Size
-
Price per sqft
$355
Property Type
Condo
Property Taxes
$325
HOA Dues
$573
Year Built
1986
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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.
You can learn more about cap rate here .
Last updated: 6 months ago (MLSPIN #73167336)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 25, 2024 | Sold | $545,000 | |
| Sold | |||
| Feb 21, 2024 | In contract | - | |
| In contract | |||
| Oct 5, 2023 | Listed by Realty Executives Marsh & Associates | $549,900 | |
| Listed by Realty Executives Marsh & Associates | |||
| Feb 26, 2010 | Sold | $279,900 | |
| Sold | |||
| Sep 6, 2009 | Listed by William Raveis R.E. & Home Services | $279,900 | |
| Listed by William Raveis R.E. & Home Services | |||
|
|||
|
Bright and spacious 2 bedroom 2 bath top floor unit at Place Lane!!
Features include fireplaced livingroom, generously sized bedrooms,
master bedroom with bath and walk in closet, central air and
washer/dryer in unit. Ammenities include swimming pool, tennis
court, exercise room, extra storage and front desk concierge.
Convenient location, minutes to 128 and 93!
|
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Show More
Property Highlights
Parking Available
Doorman
Elevator
Air Conditioning
Fireplace
Interior Details
Level: First
Width: 9
Length: 12
Features: Flooring - Stone/Ceramic Tile, Pantry, Breakfast Bar / Nook, Gas Stove
Area: 108
Level: First
Area: 48
Width: 6
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Length: 8
Area: 48
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet, Flooring - Stone/Ceramic Tile
Length: 8
Level: First
Width: 6
Level: First
Features: Closet, Flooring - Wall to Wall Carpet
Width: 10
Length: 16
Area: 160
Width: 11
Features: Flooring - Wall to Wall Carpet
Length: 9
Level: First
Area: 99
Length: 17
Level: First
Area: 204
Features: Flooring - Wall to Wall Carpet, Balcony / Deck, Slider
Width: 12
Features: Bathroom - Full, Walk-In Closet(s), Closet, Flooring - Wall to Wall Carpet
Level: First
Length: 19
Width: 13
Area: 247
Features: Yes
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Tile, Carpet
Laundry Features: Gas Dryer Hookup, Walk-in Storage, Washer Hookup, First Floor, In Unit
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Parking Features: Off Street, Assigned, Guest, Paved
Exterior Details
Entry Level: 4
Security Features: Intercom, Doorman
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Place Lane Condominiums
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Brick
Lead Paint: None
Lot Size Units: Acres
Zoning: RES
Parcel Number: M:36 B:09 L:20 U:2P, 908458
Water Source: Public
Financial Details
Tax Assessed Value: $448,100
Tax Annual Amount: $3,898
Utilities Details
Utilities: for Gas Range, for Gas Dryer, Washer Hookup
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Security, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Pool, Elevator(s), Clubroom, Storage
HOA Fee: $573
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
Complex is Completed
Management: Professional - Off Site, Owner Association
482 Place Ln #482, Woburn, MA, 01801
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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 | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
09/06/2009
|
2 Bed
|
2 Bath
|
-
|
$279,900
2 Bed
2 Bath
|
$279,900
02/26/2010
|
-
|
Stephanie Mcgowan
Barrett Sotheby's International Realty
|
|
|
11/09/2000
|
2 Bed
|
2 Bath
|
-
|
$252,500
2 Bed
2 Bath
|
$256,500
+1.58%
12/15/2000
|
-
|
John Peterson
Arakelian Real Estate, Inc.
|
Building Info
