$59,500
●
Commercial -
Off Market
505 Middlesex Tpke #10
Billerica, MA 01821
Studio
0 Bath
676 Ft²
$63,645
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model
About This Property
Water view corner unit - commercial office condo on Nutting Lake.
Well-managed, well-maintained building. Private, quiet,
professional atmosphere with plenty of parking. Excellent
value - second floor corner unit with lots of natural light,
incredible view of Nutting Lake. Great space for many
business uses. Conveniently located between Rte. 3, I-495 and
I-95.
Unit Size
676 Ft²
Days on Market
-
Land Size
-
Price per sqft
$89
Property Type
Commercial
Property Taxes
$68
HOA Dues
-
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 months ago (MLSPIN #72961240)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 14, 2022 | Sold | ||
| Sold | |||
| Sep 30, 2022 | In contract | - | |
| In contract | |||
| Apr 1, 2022 | Listed by Coldwell Banker Realty - Haverhill | $59,900 | |
| Listed by Coldwell Banker Realty - Haverhill | |||
| | |||
|
Water view corner unit - commercial office condo on Nutting Lake. Well-managed, well-maintained building. Private, quiet, professional atmosphere with plenty of parking. Excellent value - second floor corner unit with lots of natural light, incredible view of Nutting Lake. Great space for many business uses. Conveniently located between Rte. 3, I-495 and I-95.
| |||
Property Highlights
Exterior Details
Square Footage: 676
Year Built: 1985
Building Area Total: 676
Building Area Units: Square Feet
Lot Size Units: Acres
Financial Details
Tax Annual Amount: $812
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 | Listed By |
|---|---|---|---|---|---|---|---|
|
04/01/2022
|
Loft
|
-
|
676 ft²
|
$59,900
Loft
-
676 ft²
|
$59,500
-0.67%
10/14/2022
|
Kevin Burke
Coldwell Banker Realty - Haverhill
| |
|
06/16/2018
|
Studio
|
-
|
738 ft²
|
$59,750
Studio
-
738 ft²
|
-
-
|
-
| |
|
10/28/2017
|
Studio
|
-
|
738 ft²
|
$59,750
Studio
-
738 ft²
|
-
-
|
-
| |
|
10/18/2010
|
Loft
|
-
|
-
|
$27,000
Loft
-
|
$24,000
-11.11%
11/19/2010
|
John Peterson
Arakelian Real Estate, Inc.
| |
|
02/11/2010
|
Loft
|
-
|
702 ft²
|
$30,000
Loft
-
702 ft²
|
$26,000
-13.33%
09/01/2011
|
Bob Correia
ERA Key Realty Services
| |
|
04/09/2007
|
Loft
|
-
|
1302 ft²
|
$79,900
Loft
-
1302 ft²
|
$75,000
-6.13%
06/01/2007
|
Edna Chalmers
EA Realty Team
| |
|
04/09/2007
|
Loft
|
-
|
684 ft²
|
$49,900
Loft
-
684 ft²
|
$47,500
-4.81%
06/13/2007
|
Edna Chalmers
EA Realty Team
| |
|
08/05/2002
| |
Loft
|
1 Bath
|
591 ft²
|
$42,500
Loft
1 Bath
591 ft²
|
$35,000
-17.65%
10/18/2002
|
Charlene McCarthy
American Dream Homes
|
|
09/27/1995
| |
Loft
|
-
|
694 ft²
|
$49,900
Loft
-
694 ft²
|
$400
-99.20%
11/06/1995
|
Paul Travis
Travis Realty, Inc.
|
|
11/01/1991
| |
Loft
|
-
|
780 ft²
|
$19,500
Loft
-
780 ft²
|
$14,250
-26.92%
12/31/1997
|
John Hughes
Dover Country Properties Inc.
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017