$715,000
●
Condo -
Off Market
561 Broadway #B3
Somerville, MA 02145
2 Beds
1 Bath,
1
Half Bath
971 Ft²
$685,862
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model
About This Property
Charming, sunlit, 2 bedroom plus study, 1-1/2 bath condo ideally
located steps to the new Ball Sq. and Magoun Sq. Green Line T stops
and numerous shops, lively bars and restaurants. Sparkling newer
kitchen with granite counters, stainless steel appliances, and
breakfast bar opens to the living/dining area. Features include
high ceilings, crown moldings, designer lighting, wiring for
surround sound audio, voice control Z-Wave enabled Smart dimmers,
and freshly refinished hardwood floors. Numerous updates include
new 2021 central AC/heat, windows and fridge, 2019 washer/dryer,
stylishly renovated bathrooms, and freshly painted exterior in
2020. Relax on the private covered deck with sky and tree views. 2
generously sized bedrooms plus an additional room for your office,
library, or nursery. Comfort and convenience amenities include
central air, in-unit washer dryer hookup, private basement storage
and 2 off street parking spaces at your front door.
Unit Size
971 Ft²
Days on Market
-
Land Size
-
Price per sqft
$695
Property Type
Condo
Property Taxes
$415
HOA Dues
$495
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 months ago (MLSPIN #72980988)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 27, 2022 | Sold | ||
| Sold | |||
| May 12, 2022 | Listed by RE/MAX Destiny | $675,000 | |
| Listed by RE/MAX Destiny | |||
| Apr 25, 2016 | Sold | ||
| Sold | |||
| Mar 3, 2016 | Listed by Hammond Real Estate | $460,000 | |
| Listed by Hammond Real Estate | |||
| | |||
|
This charming home is just minutes from Davis Square and boasts an extremely efficient layout that maximizes the use of space. A well-appointed kitchen with granite counter-tops flows into a generously proportioned living/dining area from which you can step out onto a private covered balcony with treetop views. There are 2 good-sized bedrooms and 1 ½ bathrooms and this home has an in-unit washer/dryer. There is an additional room which would be ideal for a study or office, or a nursery. The unit has bright hardwood floors and plenty of natural light with good ceiling height throughout. With central heat and airconditioning, insulated windows and a covered porch you will be comfortable in all seasons. This home has easy access to all of the amenities of this popular neighborhood with its vibrant array of shopping, dining and entertainment opportunities. And when you come home, there are 2 deeded off-street parking spaces awaiting you, literally at your front doorstep!
| |||
| Jul 31, 2006 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street, Assigned
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Wired for Sound, Office
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Hardwood, Flooring - Hardwood
Laundry Features: Gas Dryer Hookup, Washer Hookup
Rooms: 5
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 971
Architectural Style: Other (See Remarks)
Year Built Source: Public Records
Year Built: 1910
Building Name: Trum Park Condominiums
Building Area Total: 971
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $545,800
Tax Annual Amount: $4,978
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Forced Air, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA Fee: $495
HOA Fee Frequency: Monthly
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 |
|---|---|---|---|---|---|---|---|
|
12/03/2025
|
1 Bed
|
1 Bath
|
640 ft²
|
$499,900
1 Bed
1 Bath
640 ft²
|
$515,000
+3.02%
01/20/2026
|
Daniel O'Rourke
RE/MAX Andrew Realty Services
| |
|
05/12/2022
|
2 Bed
|
1 Bath
|
971 ft²
|
$675,000
2 Bed
1 Bath
971 ft²
|
$715,000
+5.93%
06/27/2022
|
Elisee Labrecque
RE/MAX Destiny
| |
|
09/05/2018
|
1 Bed
|
1 Bath
|
639 ft²
|
$424,900
1 Bed
1 Bath
639 ft²
|
$453,800
+6.80%
10/22/2018
|
Santana Team
Keller Williams Realty Boston Northwest
| |
|
09/04/2018
|
2 Bed
|
1 Bath
|
947 ft²
|
$579,000
2 Bed
1 Bath
947 ft²
|
$550,000
-5.01%
11/27/2018
|
Carol Costello
Century 21 Seaport
| |
|
03/03/2016
|
2 Bed
|
1 Bath
|
971 ft²
|
$460,000
2 Bed
1 Bath
971 ft²
|
$511,000
+11.09%
04/25/2016
|
Ross Duncan-Brown
Compass
| |
|
06/07/2012
|
1 Bed
|
1 Bath
|
639 ft²
|
$255,000
1 Bed
1 Bath
639 ft²
|
$255,000
07/23/2012
|
Erica Covelle
Compass
| |
|
08/03/2011
|
2 Bed
|
2 Bath
|
947 ft²
|
$324,900
2 Bed
2 Bath
947 ft²
|
$319,000
-1.82%
10/19/2011
|
Don Hoffses
Sterling Lion, LLC
| |
|
06/08/2011
|
2 Bed
|
1 Bath
|
869 ft²
|
$289,900
2 Bed
1 Bath
869 ft²
|
$290,000
+0.03%
01/27/2012
|
Courtney Snyder
Coldwell Banker Residential Brokerage - Cambridge
| |
|
01/21/2010
|
2 Bed
|
1 Bath
|
965 ft²
|
$319,900
2 Bed
1 Bath
965 ft²
|
-
10/15/2010
|
John Costello
| |
|
08/21/2007
|
2 Bed
|
1 Bath
|
961 ft²
|
$339,900
2 Bed
1 Bath
961 ft²
|
$325,000
-4.38%
11/30/2007
|
Melanie Collard
Compass
| |
|
07/26/2007
|
1 Bed
|
1 Bath
|
653 ft²
|
$279,000
1 Bed
1 Bath
653 ft²
|
$265,000
-5.02%
08/31/2007
|
Paul Mydelski
Re/max Leading Edge R. E.
| |
|
03/03/2006
|
2 Bed
|
1 Bath
|
971 ft²
|
$349,000
2 Bed
1 Bath
971 ft²
|
$337,000
-3.44%
07/31/2006
|
Paula Dowd
Dowd Properties
| |
|
08/05/2004
|
1 Bed
|
2 Bath
|
639 ft²
|
$299,000
1 Bed
2 Bath
639 ft²
|
$280,000
-6.35%
11/30/2004
|
Rachel Hillman Foy
Hillman Homes
| |
|
10/17/2002
|
1 Bed
|
1 Bath
|
650 ft²
|
$239,900
1 Bed
1 Bath
650 ft²
|
$230,000
-4.13%
09/24/2003
|
Paula Dowd
Dowd Properties
| |
|
10/17/2002
|
2 Bed
|
1 Bath
|
965 ft²
|
$319,900
2 Bed
1 Bath
965 ft²
|
$295,000
-7.78%
03/31/2003
|
Paula Dowd
Dowd Properties
| |
|
10/17/2002
|
1 Bed
|
1 Bath
|
650 ft²
|
$242,900
1 Bed
1 Bath
650 ft²
|
$242,900
07/08/2003
|
Paula Dowd
Dowd Properties
|
Building Info
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Address: 335 Madison Avenue, New York, NY 10017