$590,000
●
Condo -
Off Market
7 Walnut Rd #1
Somerville, MA 02145
2 Beds
2 Baths,
1
Half Bath
1,130 Ft²
$796,067
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model
About This Property
Classic Philadephia style condo in the heart of Winter Hill
featuring two bedrooms, 1.5 baths, updated kitchen with stainless
appliances and granite counters, large dining room and livng room.
Pet friendly. The walk out basement offers plenty of storage
space for bikes, etc. and the potential for future additional
living space. There is energy efficient Rennai Hot Water on
Demand & Nest. Also, not to be missed, are the beautiful
plantings in the backyard - perfect for relaxing or entertaining.
Converted in 2013, this condo is ideally located just a 7
minute walk from the proposed Gilman Square T stop, a mile from
Sullivan Square and a block from bus transportaion. There is
plenty of available parking on this quiet street for those who own
an auto. This is a perfect home for the first time buyer or
investor.
Unit Size
1,130 Ft²
Days on Market
-
Land Size
-
Price per sqft
$495
Property Type
Condo
Property Taxes
$462
HOA Dues
$141
Year Built
1900
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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: 5 years ago (MLSPIN #72562941)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2019 | Sold | ||
| Sold | |||
| Sep 11, 2019 | Listed by Coldwell Banker Realty - Arlington | $559,000 | |
| Listed by Coldwell Banker Realty - Arlington | |||
| Aug 21, 2013 | Sold | ||
| Sold | |||
| May 20, 2013 | Listed by Coldwell Banker Realty - Arlington | $399,000 | |
| Listed by Coldwell Banker Realty - Arlington | |||
| | |||
|
Sunny 2-bedroom, 11/2 bath condo on quiet street. Beautiful original woodwork, including staircase and floors. Brand new chef's kitchen w/stainless appliances, granite countertops open to dining & living rooms. Balcony outside and back garden shared with other unit. New furnace & flash hot water heater in insulated building & double-paned windows. A must see!
| |||
Property Highlights
Interior Details
Level: First
Width: 13
Length: 13
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Gas Stove
Area: 169
Level: First
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
Level: Second
Features: Closet, Flooring - Hardwood
Width: 11
Length: 11
Area: 121
Width: 12
Features: Flooring - Hardwood
Length: 15
Level: First
Area: 180
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Level: First
Length: 14
Level: First
Area: 182
Features: Flooring - Hardwood
Width: 13
Features: Closet, Flooring - Hardwood
Level: First
Length: 11
Width: 11
Area: 121
Features: No
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Mud Room
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Gas Water Heater, Tank Water Heaterless, Plumbed For Ice Maker, Utility Connections for Gas Range, Utility Connections for Gas Dryer
Flooring Type: Hardwood
Laundry Features: In Basement, Washer Hookup
Rooms: 5
Basement: Y
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual, Renovated Since
PropertySubType: Condominium
Structure Type: 2/3 Family
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RES
Parcel Number: M:71 B:C L:7 U:1, 4910587
Water Source: Public
Financial Details
Tax Assessed Value: $514,800
Tax Annual Amount: $5,539
Utilities Details
Utilities: for Gas Range, for Gas Dryer, Washer Hookup, Icemaker Connection
Cooling Type: None
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure
Association Fee Frequency: Monthly
HOA Fee: $141
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park
Pets Allowed: Yes
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 |
|---|---|---|---|---|---|---|---|
|
09/11/2019
|
2 Bed
|
2 Bath
|
1130 ft²
|
$559,000
2 Bed
2 Bath
1130 ft²
|
$590,000
+5.55%
10/31/2019
|
Frances Allegra
Coldwell Banker Realty - Arlington
| |
|
05/21/2013
|
4 Bed
|
2 Bath
|
1864 ft²
|
$525,000
4 Bed
2 Bath
1864 ft²
|
$525,000
08/07/2013
|
Jason Saphire
HomeZu.com of Florida
| |
|
05/20/2013
|
2 Bed
|
2 Bath
|
1302 ft²
|
$399,000
2 Bed
2 Bath
1302 ft²
|
$390,000
-2.26%
08/21/2013
|
Frances Allegra
Coldwell Banker Realty - Arlington
|
Building Info
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