$559,000
●
Condo -
Off Market
60 Ossipee Rd #2
Somerville, MA 02144
3 Beds
2 Baths,
1
Half Bath
1,774 Ft²
$1,211,770
RealtyHop Estimate
112.96%
Since Nov 1, 2011
MA-Boston
Primary Model
About This Property
Sun & spac 3 BR, 2.5 BTH unit on 2nd & 3rd flr of gut-reno 2 FAM nr
Davis & Tufts. Open liv, din, & kit area grt for ent, formal study
w/ built-in hutch, pict ledges, bay wind w/ seat, & door to front
porch. Kitch w/ tile flr, SS appl, gran countertops, & maple cabs.
Recessed lighting all rooms. Top flr has 2 lrge guest BR's w/ cath
ceil and skylights, marble bath, and MBR suite w/ cath ceil,
skylights, huge closets, and marble bath. Priv frnt porch,
beaut landscaped common yrd & patio
Unit Size
1,774 Ft²
Days on Market
-
Land Size
-
Price per sqft
$321
Property Type
Condo
Property Taxes
$401
HOA Dues
$237
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 months ago (MLSPIN #71270974)
Price History
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street, Tandem
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Home Office
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Wood, Tile, Flooring - Hardwood
Door Features: Insulated Doors
Laundry Features: Second Floor
Rooms: 7
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 1774
Year Built Source: Public Records
Year Built: 1900
Building Area Total: 1774
Building Area Units: Square Feet
Window Features: Insulated Windows, Window(s) - Bay/Bow/Box
Construction Materials: Frame
Patio and Porch Features: Porch, Patio
Lot Size Units: Acres
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $505,900
Tax Annual Amount: $4,809
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds
HOA/Condo/Coop Amenities: Garden Area
HOA Fee: $237
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 |
|---|---|---|---|---|---|---|---|
|
06/26/2015
|
2 Bed
|
2 Bath
|
1670 ft²
|
$619,900
2 Bed
2 Bath
1670 ft²
|
$740,000
+19.37%
08/14/2015
|
Mike Cohen
Compass
| |
|
08/04/2011
|
3 Bed
|
2 Bath
|
1774 ft²
|
$569,000
3 Bed
2 Bath
1774 ft²
|
$559,000
-1.76%
10/04/2011
|
Steve Rankin
RE/MAX Destiny
| |
|
04/24/2008
|
2 Bed
|
2 Bath
|
1676 ft²
|
$529,900
2 Bed
2 Bath
1676 ft²
|
$525,000
-0.92%
07/01/2008
|
Irene Bremis
LAER Realty Partners / iBremis Realty
| |
|
03/25/2006
|
2 Bed
|
2 Bath
|
1314 ft²
|
$539,000
2 Bed
2 Bath
1314 ft²
|
$520,000
-3.53%
06/02/2006
|
Steve Rankin
Compass
| |
|
03/03/2005
| |
5 Bed
|
2 Bath
|
3175 ft²
|
$639,900
5 Bed
2 Bath
3175 ft²
|
$652,500
+1.97%
04/19/2005
|
Linda Montieth
Coldwell Banker Residential Brokerage - Somerville
|
Building Info
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