$425,000
●
Condo -
Off Market
72 Central St #3
Somerville, MA 02143
2 Beds
1 Bath
1,190 Ft²
$810,334
RealtyHop Estimate
94.32%
Since Jun 1, 2013
MA-Boston
Primary Model
About This Property
Chic Top Floor Penthouse Unit in Renovated Victorian with Two
bedrooms/ Loft area. Open concept layout has Exposed Brick in
hallway and bedroom, Eat in kitchen with gas cooking, plenty
of cabinets, Living room with gas fireplace, High Ceilings,
Hardwood floors, Excellent Closet & Secure Storage space, Loft
currently used as office, Laundry in unit, Central Air, Pets
Allowed, No one above you or beside you! Bus stop steps
away, Close to Davis, Union, Porter Square, Walk Score of 80
Unit Size
1,190 Ft²
Days on Market
-
Land Size
-
Price per sqft
$350
Property Type
Condo
Property Taxes
$364
HOA Dues
$380
Year Built
-
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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: 4 years ago (MLSPIN #71490666)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2015 | Sold | ||
| Sold | |||
| Jul 8, 2015 | Listed by Compass | $474,900 | |
| Listed by Compass | |||
| | |||
|
Stunning 2 bed renovated penthouse with an additional loft space in a beautiful Victorian building. The open layout is perfect for entertaining, complete with cathedral ceilings, beautiful exposed brick, hardwood floors, and a gas fireplace in the living room. The spacious eat-in kitchen includes white counter-tops, a granite island, gas stove, and a side pantry closet. The loft space overlooks the living room, and is perfect for a separate office. Features also include numerous closets throughout the unit, in-unit laundry in the loft, central air, ceiling fans, and a tile bath with Jacuzzi tub. It's a professionally managed 6 unit building with a high reserve in the condo association. Pets allowed. 100% owner occupancy. Located within steps to public transportation, Highland Kitchen restaurant and Davis/Union squares.
| |||
| May 10, 2013 | Sold | ||
| Sold | |||
| Mar 7, 2013 | Listed by Compass | $417,000 | |
| Listed by Compass | |||
| May 31, 2007 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: First
Features: Skylight, Ceiling Fan(s), Flooring - Hardwood, Pantry, Kitchen Island
Level: First
Features: Flooring - Hardwood
Features: Bathroom - With Tub & Shower, Jacuzzi / Whirlpool Soaking Tub
Level: First
Features: Closet, Flooring - Hardwood
Level: First
Level: First
Features: Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood
Full Bathrooms: 1
Interior Features: Loft
Appliances: Range, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
Flooring Type: Hardwood, Flooring - Hardwood
Laundry Features: Dryer Hookup - Electric, Washer Hookup, Second Floor, In Unit
Rooms: 5
Has Fireplace
Fireplaces: 1
Basement: Y
Parking Details
Parking Features: On Street
Exterior Details
Entry Level: 3
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: 70-72 Central Condominums
Structure Type: Low-Rise
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Skylight(s)
Construction Materials: Frame, Brick
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: res
Parcel Number: 43E11 Sub lot:723, 4271744
Water Source: Public
Financial Details
Tax Assessed Value: $325,100
Tax Annual Amount: $4,363
Utilities Details
Utilities: for Gas Range, for Electric Dryer, Washer Hookup
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Storage
Association Fee Frequency: Monthly
HOA Fee: $380
Community Features: Public Transportation, Shopping, Walk/Jog Trails, Highway Access, T-Station
Pets Allowed: Yes
Complex is Completed
Management: Professional - Off Site
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 |
|---|---|---|---|---|---|---|---|
|
09/14/2022
|
2 Bed
|
1 Bath
|
1170 ft²
|
$785,000
2 Bed
1 Bath
1170 ft²
|
$750,000
-4.46%
12/01/2022
|
The RP Group
Compass
| |
|
12/26/2018
|
2 Bed
|
1 Bath
|
1070 ft²
|
$699,900
2 Bed
1 Bath
1070 ft²
|
$676,200
-3.39%
02/20/2019
|
Jared Freni
RE/MAX Andrew Realty Services
| |
|
05/11/2016
|
2 Bed
|
1 Bath
|
1170 ft²
|
$559,000
2 Bed
1 Bath
1170 ft²
|
$700,000
+25.22%
07/19/2016
|
Andrew Costanzo
Bushari Group Real Estate
| |
|
07/08/2015
|
2 Bed
|
1 Bath
|
1190 ft²
|
$474,900
2 Bed
1 Bath
1190 ft²
|
$475,000
+0.02%
09/16/2015
|
Ellie Botshon
Compass
| |
|
03/07/2013
|
2 Bed
|
1 Bath
|
1190 ft²
|
$417,000
2 Bed
1 Bath
1190 ft²
|
$425,000
+1.92%
05/10/2013
|
Kimberly Delling
RE/MAX Encore
| |
|
04/01/2011
|
2 Bed
|
1 Bath
|
1070 ft²
|
$389,900
2 Bed
1 Bath
1070 ft²
|
$370,000
-5.10%
05/27/2011
|
Kevin Song
Realty Executives
| |
|
03/25/2010
|
2 Bed
|
1 Bath
|
1170 ft²
|
$385,000
2 Bed
1 Bath
1170 ft²
|
$385,000
06/24/2010
|
John Takvorian
LAER Realty Partners
| |
|
03/26/2008
|
2 Bed
|
1 Bath
|
1170 ft²
|
$389,000
2 Bed
1 Bath
1170 ft²
|
$380,000
-2.31%
07/15/2008
|
John Takvorian
LAER Realty Partners
| |
|
03/23/2007
|
2 Bed
|
1 Bath
|
1195 ft²
|
$369,900
2 Bed
1 Bath
1195 ft²
|
$359,000
-2.95%
05/31/2007
|
Alan Caplin
Caplin Realty
| |
|
09/13/2004
|
2 Bed
|
1 Bath
|
1170 ft²
|
$389,000
2 Bed
1 Bath
1170 ft²
|
$380,000
-2.31%
10/29/2004
|
Paul Griffin
Berkshire Hathaway HomeServices N.E. Prime Properties
|
Building Info
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