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Medford 02155 South Medford
5 Elsmere Ter
$589,900
● House - Off Market

5 Elsmere Ter

Medford, MA 02155
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,454 Ft²
$771,315
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Many generations have enjoyed this superb  LOCATION  and the generous LIVING SPACE of this quaint home tucked away on PRIVATE lot! It is time now for new memories and new ideas for this 6 room 2 bath home.  First level includes large LR, DR and kitchen...with mud room leading to patio and lots of 'green' space...Access 2nd level to 3 bedrooms and a full bath and a stairway to the third level - a huge space for your ideas! Skylights and under eaves storage and a full bath...(non heated)  and charm galore! Bring your vision! Parking for 3+ vehicles - minutes to Boston  -  Somerville's hot spots - and Tufts - this home hits the trifecta of LOCATION- LOCATION LOCATION!!  NO OPEN HOUSES! PRIVATE  SHOWINGS ONLY - 25 Minute time slots
Unit Size
1,454 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$406
Property Type
House
Property Taxes
$371
HOA Dues
-
Year Built
1910

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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: 6 months ago (MLSPIN #72688898)

Price History

Date / Event Date Event Price
Sep 4, 2020 Sold
Premium
Sold
Jul 10, 2020 Listed by RE/MAX Andrew Realty Services $589,900
Listed by RE/MAX Andrew Realty Services

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,300
  • Total Building Area: 1,618
  • Gross Building Area: 2,948
  • Building Area: 1,618
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,618
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000099
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medford School District
  • School Tax School District: MEDFORD SD
  • Census Tract: 339600

Geography

  • Account Number: 16717
  • Parcel: MEDF M:Y-10 B:0136
  • Block: 136
  • Municipality: MEDFORD
  • Latitude: 42.3991
  • Longitude: -71.103

    Address

  • Full Address: 5 Elsmere Ter
  • Address - House Number: 5
  • Address - Street Name: Elsmere
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Medford
  • Carrier Code: C014
  • 4-Digit Zip Code: 6515
  • Zip Code: 02155

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $505,100

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 756,210
  • High Value: 872,131
  • Low Value: 640,289

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $583,900
  • Assessed Land Value: $296,000
  • Assessed Improvements Value: $287,900

    Sales

  • Current Sale Contract Date: Aug 24, 2020
  • Current Sale Recording Date: Sep 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1852436
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Medford

Stats & Trends

Median Asking:

$899,450

Sale Price/ft²

$528

Below Asking

0.02%

Average Days on Market

60

Average Home Size

6332 ft²

Average Home Age

90.6 years

Currently For Sale

24 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 205 Walden St, Cambridge, MA, 02140

$3,213 /mo

  • 1 Bed
  • 1 Bath
  • 625 ft²
205 Walden St #The Seville, Cambridge, MA, 02140 Listing by Equity Residential
Unit for rent at 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72688898

Frequently Asked Questions

When was property at 5 Elsmere Terrace built and last sold?
The property at 5 Elsmere Terrace was built in 1910 and last sold on Aug 24, 2020 for $589,900.
How much is this home worth?
The estimated value of the home located at 5 Elsmere Terrace is $598,524.
What are some comparable homes to 5 Elsmere Terrace?
There are currently no comparable homes to 5 Elsmere Terrace.
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