7 Mortimer Place #2
About This Property
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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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Aug 20, 2024 | Withdrawn | - | |
Withdrawn | |||
Aug 1, 2024 | No longer available | - | |
No longer available | |||
Jul 24, 2024 | Price Decreased |
$325,000
↓ $24K
(6.9%)
|
|
Price Decreased | |||
Jul 11, 2024 | Listed by Coldwell Banker Realty - Cambridge | $349,000 | |
Listed by Coldwell Banker Realty - Cambridge | |||
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This charming condo is a great opportunity to own a piece of real
estate in a desirable location. The location is ideal, with easy
access to shopping centers, restaurants, the new Green Line and
Assembly Row. With one full-sized bathroom in great condition and
an open concept living space, this well-maintained unit is move-in
ready and features hardwood flooring throughout and a charming
kitchen with granite countertops and updated appliances. Also
included with the unit is in-building…
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Jun 25, 2024 | Withdrawn | - | |
Withdrawn |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/11/2024
|
Studio
|
1 Bath
|
-
|
$369,000
Studio
1 Bath
|
-
-
|
-
|
Lisa Loveland
Keller Williams Realty Boston-Metro | South End
|
|
11/15/2023
|
Studio
|
1 Bath
|
429 ft²
|
$349,000
Studio
1 Bath
429 ft²
|
-
-
|
-
|
Lisa Loveland
Keller Williams Realty Boston-Metro | South End
|
|
09/05/2021
|
1 Bed
|
1 Bath
|
536 ft²
|
$399,000
1 Bed
1 Bath
536 ft²
|
$380,000
-4.76%
11/30/2021
|
Rosanna Beauvais
R. S. B. Realty
|
||
07/29/2021
|
1 Bed
|
1 Bath
|
536 ft²
|
$389,000
1 Bed
1 Bath
536 ft²
|
$369,000
-5.14%
08/30/2021
|
-
|
Shu Ngon Chau
Tai Tung Realty, Inc.
|
|
11/12/2018
|
1 Bed
|
1 Bath
|
536 ft²
|
$359,000
1 Bed
1 Bath
536 ft²
|
$345,000
-3.90%
01/31/2019
|
-
|
Derek Wong
V & E Realty
|
|
10/01/2018
|
1 Bed
|
1 Bath
|
536 ft²
|
$349,900
1 Bed
1 Bath
536 ft²
|
$335,000
-4.26%
12/28/2018
|
-
|
Matthew Newhall
Century 21 Tradition - Georgetown
|
|
03/23/2017
|
Studio
|
1 Bath
|
429 ft²
|
$249,000
Studio
1 Bath
429 ft²
|
$250,000
+0.40%
05/01/2017
|
-
|
Keith Magnus
Engel & Volkers Wellesley
|
|
10/13/2015
|
1 Bed
|
1 Bath
|
536 ft²
|
$269,000
1 Bed
1 Bath
536 ft²
|
$275,000
+2.23%
11/04/2015
|
Liz Dehler
R. S. B. Realty
|
||
08/26/2011
|
1 Bed
|
1 Bath
|
536 ft²
|
$134,900
1 Bed
1 Bath
536 ft²
|
$132,500
-1.78%
12/21/2011
|
-
|
Erik Hook
Compass
|
|
02/15/2010
|
1 Bed
|
1 Bath
|
536 ft²
|
$187,000
1 Bed
1 Bath
536 ft²
|
$179,000
-4.28%
05/28/2010
|
-
|
Mac Chinsomboon
Coldwell Banker Realty - Back Bay
|
|
01/06/2010
|
1 Bed
|
1 Bath
|
536 ft²
|
$183,000
1 Bed
1 Bath
536 ft²
|
$178,000
-2.73%
02/25/2010
|
-
|
Daniel Fabbri
Century 21 Advance Realty
|
|
09/28/2009
|
1 Bed
|
1 Bath
|
536 ft²
|
$149,900
1 Bed
1 Bath
536 ft²
|
$145,000
-3.27%
12/23/2009
|
-
|
Brian Fitzpatrick
Lamacchia Realty, Inc.
|
|
04/22/2009
|
1 Bed
|
1 Bath
|
536 ft²
|
$185,000
1 Bed
1 Bath
536 ft²
|
$176,000
-4.86%
08/31/2009
|
-
|
Alison Belknap
Coldwell Banker Realty - Cambridge
|
|
04/18/2007
|
1 Bed
|
1 Bath
|
428 ft²
|
$139,900
1 Bed
1 Bath
428 ft²
|
$130,000
-7.08%
07/26/2007
|
Mohammad Khan
Bostex Realty
|
||
10/13/2005
|
|
Loft
|
-
|
-
|
$1,395,000
Loft
-
|
$184,000
-86.81%
07/18/2006
|
Paula Dowd
Dowd Properties
|