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$319,000
● Condo - Off Market

65 School #2

Somerville, MA
bedrooms
1 Bed
bathrooms
1 Bath
square feet
897 Ft²
$592,584
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model

About This Property

Why rent when you can own? This spacious two level one bedroom condo is walking distance to lively Union, Porter and Davis Squares. It features 2 additional bonus rooms that can be used as studies, etc. great closet space and hard wood throughout. Sunny eat-in kitchen with a pantry as well as private laundry and storage in the basement. There is exterior access to the basement for easy bike storage.  Available Aug. 1st. 1st open house Sunday 12-2 .
Unit Size
897 Ft²
Days on Market
-
Land Size
-
Price per sqft
$356
Property Type
Condo
Property Taxes
$235
HOA Dues
$175
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71694402)

Price History

Date / Event Date Event Price
Aug 1, 2014 Sold
Premium
Sold
Jun 6, 2014 Listed by Coldwell Banker Realty - Brookline $319,000
Listed by Coldwell Banker Realty - Brookline

Property Highlights

Air Conditioning
Parking Available
Interior Details
Level: Second
Level: Second
Level: Third
Features: No
Full Bathrooms: 1
Interior Features: Study, Bonus Room
Appliances: Range, Dishwasher, Refrigerator, Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Wood
Laundry Features: In Basement, In Building
Rooms: 5
Basement: Y
Parking Details
Parking Features: On Street
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: The Summer School Condominium Trust
Structure Type: 2/3 Family
Stories (Total): 2
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: res
Parcel Number: 4887486
Water Source: Public
Financial Details
Tax Assessed Value: $222,700
Tax Annual Amount: $2,819
Utilities Details
Utilities: for Gas Range
Cooling Type: Window Unit(s)
Heating Type: Central, Baseboard, Natural Gas, Individual
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds
Association Fee Frequency: Monthly
HOA Fee: $175
Community Features: Public Transportation, Shopping
Pets Allowed: Yes
Complex is Completed

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# 71694402
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