7 Pierce Road #7
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 9, 2014 | Sold | ||
| Sold | |||
| Apr 25, 2014 | Listed by Realty Executives Boston West | $289,900 | |
| Listed by Realty Executives Boston West | |||
| | |||
|
Desirable Village Condominiums ~ great unit placement ~ 3 level townhouse with open livingroom / diningroom ~ 2 bedrooms, plus full bath on 2nd floor ~ partially finished basement includes office, laundry and 1/2 bath. Hardwood under livingroom carpet. Gas heat and central air. Short walk to Clubhouse & Pool! Assigned 1 parking space ~ currently to the left of the unit ~ parking space will be determined at time of closing ~ and 2nd parking space may be available in winter for add'l fee. Low price already reflects cost for improvements & cosmetics. Vacant ~ Easy to show ~ Call MAPASS ~ Lockbox. Convenient location on Belmont line with easy access to highways.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/25/2014
|
2 Bed
|
2 Bath
|
1311 ft²
|
$289,900
2 Bed
2 Bath
1311 ft²
|
$284,000
-2.04%
07/09/2014
|
Karen McKiernan
Realty Executives Boston West
| |
|
05/23/1997
|
2 Bed
|
2 Bath
|
1293 ft²
|
$146,900
2 Bed
2 Bath
1293 ft²
|
$146,900
07/15/1997
|
Janet Edsall - Fields
Hammond Residential Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017