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$205,900
● Condo - Off Market

51 Albion #C8

Melrose, MA
bedrooms
1 Bed
bathrooms
1 Bath
square feet
710 Ft²
$466,585
RealtyHop Estimate
123.25%
Since Apr 1, 2011
National-US
Primary Model

About This Property

Villa Cordoba condominium on the top floor on the sunny side of the building.  This is a full size 710 square foot one bedroom unit not to be confused with the smaller one bedroom units that are more like a studio.  Included with the unit is a one car garage under the building with electric eye and direct access into the building.  Storage room and laundry room on the ground floor.  This unit is unoccupied for quick showings and immediate occupancy.
Unit Size
710 Ft²
Days on Market
-
Land Size
-
Price per sqft
$294
Property Type
Condo
Property Taxes
$171
HOA Dues
$239
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 #71160086)

Price History

Date / Event Date Event Price
Mar 24, 2011 Sold
Premium
Sold
Nov 8, 2010 Listed by Century 21 North East $209,000
Listed by Century 21 North East

Property Highlights

Air Conditioning
Interior Details
Level: Third
Width: 10
Length: 10
Area: 100
Length: 12
Level: Third
Area: 240
Width: 20
Level: Third
Length: 13
Width: 11
Area: 143
Level: Third
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Refrigerator, Utility Connections for Electric Range
Flooring Type: Carpet
Laundry Features: In Basement
Rooms: 3
Basement: N
Parking Details
Has Garage
Attached Garage
Parking Features: Under, Garage Door Opener, Storage, Deeded
Garage Spaces: 1
Exterior Details
Entry Level: 3
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Villa Cordoba
Structure Type: Low-Rise
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: residentl
Parcel Number: 4578957
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $169,900
Tax Annual Amount: $2,051
Utilities Details
Utilities: for Electric Range
Cooling Type: Wall Unit(s)
Heating Type: Central, Baseboard, Hot Water, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Hot Water, Laundry, Elevator(s), Storage
HOA Fee: $239
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School
Pets Allowed: No
Complex is Completed
Management: Professional - Off Site

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# 71160086
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