$202,000
●
Condo -
Off Market
7 Michael Drive #7
Palmer, MA 01079
2 Beds
2 Baths
1,313 Ft²
$448,913
RealtyHop Estimate
124.46%
Since Oct 1, 2011
National-US
Primary Model
About This Property
TRADE FRUSTRATION FOR RELAXATION!Carefree living can be yours at
MILL POND ESTATES! Originally the "model unit" with all the extra
bells & whistles. 2 bedrooms, 2 bathrooms. One floor living. 1st
floor laundry. Low utility bills. Natural gas heat w/central air.
Fireplace in the living room. Fully applianced enormous eat-in
kitchen w/pull out shelving & maple cabinets.1 car garage. One of
only 2 units that offer a large fenced in backyard with plenty of
perennials and privacy to enjoy life!
Unit Size
1,313 Ft²
Days on Market
-
Land Size
-
Price per sqft
$152
Property Type
Condo
Property Taxes
$258
HOA Dues
$220
Year Built
2005
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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 #71254503)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2011 | Sold | ||
| Sold | |||
| Jun 28, 2011 | Listed by Shaw Peterson Realty, Inc | $200,000 | |
| Listed by Shaw Peterson Realty, Inc | |||
| Feb 18, 2005 | Sold | ||
| Sold | |||
| Dec 8, 2003 | Listed by Michael Seward Real Estate | $218,100 | |
| Listed by Michael Seward Real Estate | |||
| | |||
|
PALMERS NEWEST ADULT COM. 55+. THESE NEWLY CONSTRUCTED RANCH STYLE CONDOS BOAST ALL THE BELLS AND WHISTLES. ALL APPLIANCES-ALC-CENT. VAC-GAR-BSMNT-MUCH MORE- MINUTES FROM THE MA PIKE
| |||
Property Highlights
Air Conditioning
Garage
Parking Available
Fireplace
Interior Details
Level: First
Features: Flooring - Hardwood, Dining Area, Kitchen Island
Level: First
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile, Flooring - Wood
Level: First
Features: Ceiling Fan(s), Flooring - Wall to Wall Carpet
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
Level: First
Features: Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet
Level: First
Level: First
Features: Ceiling Fan(s), Flooring - Wall to Wall Carpet
Features: Yes
Full Bathrooms: 2
Interior Features: Central Vacuum
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Gas Water Heater
Flooring Type: Wood, Tile, Carpet, Hardwood
Laundry Features: Flooring - Stone/Ceramic Tile, First Floor
Rooms: 4
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Storage, Off Street, Assigned, Paved
Garage Spaces: 1
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Screens
Construction Materials: Frame
Patio and Porch Features: Porch, Patio
Lead Paint: None
Lot Size Units: Acres
Zoning: condo
Parcel Number: 4460032
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $175,000
Tax Annual Amount: $3,100
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
HOA Fee: $220
Community Features: Adult Community
Pets Allowed: Yes w/ Restrictions
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 |
|---|---|---|---|---|---|---|---|
|
06/28/2011
|
2 Bed
|
2 Bath
|
1313 ft²
|
$200,000
2 Bed
2 Bath
1313 ft²
|
$202,000
+1.00%
09/01/2011
|
Susan Peterson
Today Real Estate, Inc.
| |
|
12/08/2003
|
2 Bed
|
2 Bath
|
1475 ft²
|
$218,100
2 Bed
2 Bath
1475 ft²
|
$218,100
02/18/2005
|
Michael Seward
Michael Seward Real Estate
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017