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$575,000
● Condo - Off Market

57 Gates #2

Boston, MA
bedrooms
2 Beds
bathrooms
2 Baths
square feet
911 Ft²
$880,531
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Amazing East Side location, perfectly situated to take full advantage of Thomas Park and area beaches. With great proximity to interstate 93/90, this bright and sunny South Boston 2Bed/2Bath is a must see for area commuters. This unit has seen many recent renovations including the kitchen and main bathroom, while a second bathroom was added a few years ago. You'll enjoy both your private deck, along with the deeded backyard which is exclusive to this unit. There is plenty of in-unit storage, along with private basement storage ample enough for luggage and bikes.
Unit Size
911 Ft²
Days on Market
-
Land Size
-
Price per sqft
$658
Property Type
Condo
Property Taxes
$402
HOA Dues
$181
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 #72467775)

Price History

Date / Event Date Event Price
Jun 18, 2019 Sold
Premium
Sold
Mar 20, 2019 Listed by Gibson Sotheby's International Realty $599,000
Listed by Gibson Sotheby's International Realty

Property Highlights

Air Conditioning
Parking Available
Interior Details
Level: Second
Width: 12
Length: 13
Features: Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Pendant
Area: 156
Level: Second
Features: Bathroom - 3/4
Width: 12
Length: 10
Area: 120
Width: 7
Length: 8
Level: Second
Area: 56
Length: 14
Level: Second
Area: 154
Width: 11
Features: Closet/Cabinets - Custom Built, Balcony / Deck
Level: Second
Length: 12
Width: 15
Area: 180
Features: Yes
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Washer, Dryer, Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Hardwood
Laundry Features: In Basement
Rooms: 4
Basement: Y
Parking Details
Parking Features: On Street
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Structure Type: 2/3 Family
Stories (Total): 1
Building Area Units: Square Feet
Patio and Porch Features: Deck
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RES
Parcel Number: 4593410
Water Source: Public
Financial Details
Tax Assessed Value: $460,800
Tax Annual Amount: $4,829
Utilities Details
Utilities: for Gas Range
Cooling Type: Window Unit(s)
Heating Type: Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Sewer, Insurance, Trash
HOA Fee: $181
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Public School
Pets Allowed: Yes
Complex is Completed
Management: Owner Association

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# 72467775
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