$3,650,000
●
Condo -
Off Market
55 Commercial Wharf #8
Boston, MA 02110
2 Beds
3 Baths,
1
Half Bath
$20,786
Est. Monthly
$1,119
HOA / Fees
0.60%
Cap Rate
About This Property
Historic Commercial Wharf waterfront condo with front to back water
views and 2 private balconies offering spectacular unobstructed
views of Boston Harbor, Christopher Columbus Park & the Boston
Skyline. This 2020 renovated penthouse showcases a spacious, sun
drenched, open floor-plan, brick & beam soaring ceilings that opens
to your balcony bringing outdoor living in. Gourmet kitchen with
custom cabinetry, and Lava Stone counters. The living room boasts
cathedral ceilings, a gas fireplace and floor-to-ceiling windows.
The loft primary suite has an en suite, walk-in closet and water
views, while the guest en-suite offers a Murphy bed, spa jacuzzi
tub & more water views. Professionally managed building with
24-hour security, 2 deeded parking spaces available for rent, guest
parking and a designated basement storage unit. Ideally located on
the waterfront, overlooking Christopher Columbus Park, NYE harbor
fireworks, Bruins/Celtics/Concerts, and near North End dining &
Logan airport.
Unit Size
-
Days on Market
-
Land Size
0.05 acres
Price per sqft
-
Property Type
Condo
Property Taxes
$1,744
HOA Dues
$1,119
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.
You can learn more about cap rate here .
Last updated: 10 months ago (MLSPIN #73157426)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 12, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 22, 2023 | Price Decreased |
$3,650,000
↓ $240K
(6.2%)
|
|
| Price Decreased | |||
| Sep 8, 2023 | Listed by Gibson Sotheby's International Realty | $3,890,000 | |
| Listed by Gibson Sotheby's International Realty | |||
| Sep 28, 2017 | Sold to Joseph Lobacki | $2,441,490 | |
| Sold to Joseph Lobacki | |||
| Apr 21, 2017 | Listed by Compass | $2,695,000 | |
| Listed by Compass | |||
|
|||
|
Rarely available 2 bedroom, 2.5 bath penthouse residence at
Commercial Wharf which features spectacular Boston Harbor views
from every room. This bright and airy waterfront home offers nearly
2,300 square feet of fully renovated living space including
expansive living room with soaring ceilings, en suite master
bedroom loft with walk-in closet, spacious den/second bedroom with
Murphy bed and built-in storage, chef's kitchen with Gagganeau and
SubZero appliances plus granite counters and…
|
|||
Show More
Property Highlights
Parking Available
Air Conditioning
Fireplace
Interior Details
Width: 22.333333
Length: 14.25
Area: 318.25
Half Bathrooms: 1
Full Bathrooms: 2
Rooms: 5
Has Fireplace
Fireplaces: 1
Basement: N
Parking Details
Parking Features: Off Street, Rented, Exclusive Parking
Exterior Details
Has Property Attached
Entry Level: 4
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Structure Type: Mid-Rise
Stories (Total): 2
Building Area Units: Square Feet
Lead Paint: Unknown
Lot Size Area: 0.05
Lot Size Units: Acres
Lot Size Acres: 0.05
Zoning: res
Parcel Number: 3356241
Water Source: Public
Financial Details
Tax Assessed Value: $1,911,300
Tax Annual Amount: $20,930
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
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, Storage
Association Fee Frequency: Monthly
HOA Fee: $1,119
55 Commercial Wharf #8, Boston, MA, 02110
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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
Condo
2
Beds
3
Baths
-
$3,295,000
Mar 13, 2024
$3,295,000
Jun 28, 2024
$2,847/mo
Condo
2
Beds
2
Baths
-
$3,650,000
Aug 24, 2021
$3,650,000
Nov 1, 2021
$3,810/mo
Condo
2
Beds
3
Baths
-
$3,675,000
Feb 9, 2022
$3,675,000
Apr 29, 2022
$3,851/mo
Condo
2
Beds
2
Baths
-
$3,500,000
Apr 15, 2019
$3,500,000
May 31, 2019
$3,906/mo
Condo
2
Beds
3
Baths
-
$3,700,000
May 31, 2021
$3,700,000
Jul 16, 2021
$4,420/mo
Condo
2
Beds
3
Baths
-
$3,100,000
May 27, 2016
$3,100,000
Nov 30, 2016
$4,179/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
03/13/2024
|
2 Bed
|
3 Bath
|
2275 ft²
|
$3,395,000
2 Bed
3 Bath
2275 ft²
|
$3,295,000
-2.95%
06/28/2024
|
-
|
Collin Bray
Century 21 Cityside
|
|
|
09/08/2023
|
2 Bed
|
3 Bath
|
-
|
$3,890,000
2 Bed
3 Bath
|
-
-
|
-
|
Michael Carucci
Gibson Sotheby's International Realty
|
|
|
09/07/2023
|
2 Bed
|
2 Bath
|
1330 ft²
|
$1,895,000
2 Bed
2 Bath
1330 ft²
|
$1,850,000
-2.37%
11/15/2023
|
-
|
Carmela Laurella
CL Properties
|
|
|
06/17/2022
|
3 Bed
|
3 Bath
|
2565 ft²
|
$3,500,000
3 Bed
3 Bath
2565 ft²
|
$3,050,000
-12.86%
12/23/2022
|
-
|
Elena Lau
UNION Real Estate, LLC
|
|
|
02/03/2022
|
2 Bed
|
1 Bath
|
1300 ft²
|
$1,150,000
2 Bed
1 Bath
1300 ft²
|
$1,240,000
+7.83%
03/22/2022
|
-
|
George Jedlin
Douglas Elliman Real Estate
|
|
|
02/10/2020
|
1 Bed
|
2 Bath
|
1304 ft²
|
$1,639,000
1 Bed
2 Bath
1304 ft²
|
$1,500,000
-8.48%
05/01/2020
|
-
|
Nicholas Fondas
eXp Realty
|
|
|
04/21/2017
|
2 Bed
|
3 Bath
|
2275 ft²
|
$2,695,000
2 Bed
3 Bath
2275 ft²
|
$2,441,490
-9.41%
09/28/2017
|
Chris Tuite
Compass
|
||
|
06/28/2013
|
2 Bed
|
2 Bath
|
1226 ft²
|
$1,250,000
2 Bed
2 Bath
1226 ft²
|
$1,250,000
09/27/2013
|
Carmela Laurella
Coldwell Banker Realty - Beverly
|
||
|
01/06/2010
|
2 Bed
|
2 Bath
|
1226 ft²
|
$849,000
2 Bed
2 Bath
1226 ft²
|
$800,000
-5.77%
03/22/2011
|
-
|
Charles Joseph
Compass
|
Building Info
