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$226,000
● Condo - Off Market

588 Main #2B

Stoneham, MA
bedrooms
2 Beds
bathrooms
1 Bath
square feet
915 Ft²
$384,089
RealtyHop Estimate
70.78%
Since Jun 1, 2016
National-US
Primary Model

About This Property

Lovely 5 room unit in mint condition.  2 Bedroom largest open floor plan in this FHA approved complex, two on site laundry rooms. Although deed states 1 unassigned parking space, there is room for more.. Close to route 93 to Boston and near all major travel routes, shopping, public transportation and schools. Dogs are permitted view rules and regulations for pet policy.
Unit Size
915 Ft²
Days on Market
-
Land Size
-
Price per sqft
$246
Property Type
Condo
Property Taxes
$216
HOA Dues
$291
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 #71965708)

Price History

Date / Event Date Event Price
May 3, 2016 Sold
Premium
Sold
Mar 2, 2016 Listed by RE/MAX American Dream $224,900
Listed by RE/MAX American Dream

Property Highlights

Air Conditioning
Parking Available
Interior Details
Level: First
Width: 8
Length: 13
Area: 104
Area: 35
Length: 7
Level: First
Width: 5
Level: First
Width: 9
Length: 13
Area: 117
Length: 25
Level: First
Area: 300
Width: 12
Level: First
Length: 15
Width: 12
Area: 180
Level: First
Full Bathrooms: 1
Laundry Features: In Basement, In Building
Rooms: 5
Basement: N
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Wedgewood Condominium
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Brick
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RB
Parcel Number: 772753
Water Source: Public
Financial Details
Tax Assessed Value: $204,300
Tax Annual Amount: $2,595
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Trash
HOA/Condo/Coop Amenities: Hot Water, Laundry
Association Fee Frequency: Monthly
HOA Fee: $291
Pets Allowed: Yes w/ Restrictions

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# 71965708
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