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$319,000
● Condo - Off Market

51 Cherry #3

bedrooms
1 Bed
bathrooms
1 Bath
square feet
1,157 Ft²
$612,054
RealtyHop Estimate
91.87%
Since Feb 1, 2005
National-US
Primary Model

About This Property

This oversized one bedroom could easily be converted to two. As it is currently configured, you enter into a nice sized study on the second floor and then proceed up the stairs to some wide open living space. The bedroom is in the front of the building and large living and adjacent dining area separates it from the kitchen. Off the rear of the kitchen you'll find a good sized private deck. This is an unbeatable location near both Porter and Davis, offering lots of space for an afffordable price
Unit Size
1,157 Ft²
Days on Market
-
Land Size
-
Price per sqft
$276
Property Type
Condo
Property Taxes
$241
HOA Dues
$150
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: 4 years ago (MLSPIN #70092242)

Price History

Date / Event Date Event Price
Jan 19, 2005 Sold
Premium
Sold
Sep 9, 2004 Listed by Provest Real Estate $319,000
Listed by Provest Real Estate

Property Highlights

Parking Available
Interior Details
Level: Third
Level: Third
Level: Third
Level: Second
Level: Third
Features: No
Full Bathrooms: 1
Interior Features: Office
Appliances: Range, Refrigerator, Gas Water Heater
Flooring Type: Wood
Rooms: 5
Basement: Y
Parking Details
Parking Features: On Street
Exterior Details
Entry Level: 3
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Structure Type: 2/3 Family
Stories (Total): 2
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RES
Parcel Number: 4117991
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $259,300
Tax Annual Amount: $2,898
Utilities Details
Cooling Type: Individual
Heating Type: Heat Pump
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance
HOA Fee: $150
Community Features: Public Transportation, Park, Walk/Jog Trails, Medical Facility, Laundromat

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: 4 years ago
Data Source: MLS PIN, MLS# 70092242
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