52 Cherry St #3
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2022 | Sold | ||
| Sold | |||
| Jun 23, 2022 | Listed by eXp Realty | $289,000 | |
| Listed by eXp Realty | |||
| | |||
|
This two bed PLUS separate office (or addit'l smaller bedroom) offers sunlit, semi beach front living AND expansion opportunity. With exclusive roof rights, bring your vision and construct the roof deck of your dreams with a view of the Atlantic ocean. This penthouse unit offers not only the opportunity of expansion; but also an affordable alternative to renting in Greater Boston. You could own this condo and build equity for less than it takes to rent! This property is a commuter and beach lovers dream: .5 mi to the Commuter rail, two Blocks from the Beach: Lynn Shore Drive; Nahant Beaches and all its Beauty. Off Street parking optionally included-the driveway is not deeded with any unit; per condo dox the manager of the association has the parking rights while they serve as manager. This unit includes deeded private storage in the basement where the private laundry is located for the unit. Showings begin with Saturday's open house. Offer Deadline Tuesday June 28, 2pm.
| |||
| Feb 28, 2018 | Sold | ||
| Sold | |||
| Aug 8, 2017 | Listed by Millennium Real Estate, Inc. | $212,500 | |
| Listed by Millennium Real Estate, Inc. | |||
| | |||
|
Your paradise awaits. Charming top floor Victorian condo in Lynn’s desirable Diamond District. Enjoy your bright and open beach house less than 2 blocks from King’s Beach and Red Rock Park. This 1,019sq. ft. beauty offers 2 bedrooms, study, open dining area, built-ins, eat-in kitchen, and plenty of natural light. In unit washer/dryer, gas stove, secure basement storage, and shared off-street parking. Close to MBTA train, Commuter Rail, Ferry to Boston, 1A, Logan, and Boston. Walk to shops, restaurants, stores, and beach year round. This great condo is move in ready and has so much to offer!
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| Sep 14, 2015 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/23/2022
|
2 Bed
|
1 Bath
|
860 ft²
|
$289,000
2 Bed
1 Bath
860 ft²
|
$320,000
+10.73%
09/16/2022
|
Kathryn Raymond
eXp Realty
| |
|
05/14/2019
|
2 Bed
|
1 Bath
|
1273 ft²
|
$245,000
2 Bed
1 Bath
1273 ft²
|
$245,000
09/06/2019
|
Evelyn Ullman
Coldwell Banker Residential Brokerage - Winchester
| |
|
01/02/2019
|
2 Bed
|
1 Bath
|
1097 ft²
|
$210,000
2 Bed
1 Bath
1097 ft²
|
$211,540
+0.73%
02/25/2019
|
Evelyn Ullman
Coldwell Banker Residential Brokerage - Winchester
| |
|
08/08/2017
|
2 Bed
|
1 Bath
|
1019 ft²
|
$212,500
2 Bed
1 Bath
1019 ft²
|
$200,000
-5.88%
02/28/2018
|
Amanda Zerola
Millennium Real Estate, Inc.
| |
|
06/26/2015
|
2 Bed
|
1 Bath
|
1094 ft²
|
$184,900
2 Bed
1 Bath
1094 ft²
|
$175,438
-5.12%
11/12/2015
|
The Boston Home Team
Unlimited Sotheby's International Realty
| |
|
06/13/2015
|
2 Bed
|
1 Bath
|
1019 ft²
|
$144,900
2 Bed
1 Bath
1019 ft²
|
$120,000
-17.18%
09/14/2015
|
Brian Devendorf
Armstrong Field Real Estate
| |
|
04/22/2013
|
2 Bed
|
1 Bath
|
1273 ft²
|
$139,000
2 Bed
1 Bath
1273 ft²
|
$136,500
-1.80%
03/07/2014
|
Pam McKee Team
Keller Williams Realty Evolution
| |
|
09/12/2011
|
2 Bed
|
1 Bath
|
1019 ft²
|
$69,000
2 Bed
1 Bath
1019 ft²
|
$55,000
-20.29%
10/31/2011
|
Dana Lothrop
William Raveis R.E. & Home Services
| |
|
04/07/2008
|
2 Bed
|
1 Bath
|
1273 ft²
|
$199,900
2 Bed
1 Bath
1273 ft²
|
$195,500
-2.20%
05/30/2008
|
Kathleen Sullivan
Sullivan Realty Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017