$310,000
●
Condo -
Off Market
89 May Street #3
Needham, MA 02492
1 Bed
1 Bath
595 Ft²
$396,735
RealtyHop Estimate
13.68%
Since Sep 1, 2021
MA-Boston
Primary Model
About This Property
Mayflower Condominium first floor one bedroom and one bathroom
condo. Rarely available! Home features white shaker
cabinets, granite countertops and breakfast peninsula. Hardwood
floors in living room and kitchen with wall to wall carpeting in
the bedroom. There is laundry hookup in unit with linen storage.
One Deeded parking space and guest space. There is also
locked storage unit in the basement. Newer replacement Windows.
Convenient location near train, restaurants, shopping, library etc.
Make an appointment. Covid 19 protocols will be
followed. Mask must be worn. Buyer's agent to do due
diligence.
Unit Size
595 Ft²
Days on Market
-
Land Size
-
Price per sqft
$587
Property Type
Condo
Property Taxes
$233
HOA Dues
$151
Year Built
2000
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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 #72811303)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2021 | Sold | ||
| Sold | |||
| Apr 8, 2021 | Listed by William Raveis R.E. & Home Services | $349,000 | |
| Listed by William Raveis R.E. & Home Services | |||
| Dec 3, 2003 | Sold | ||
| Sold | |||
| Sep 29, 2003 | Listed by Hammond Residential | $189,000 | |
| Listed by Hammond Residential | |||
| | |||
|
LOCATION! WONDERFUL 1-BR,1-BATH,1ST FL UNIT IN HISTORIC MAYFLOWER HOTEL,CONVERTED IN 1988 INTO 5 CONDOS.SUPER LAYOUT FINE COND.,GREAT STORAGE,PARKING. NEIGHBORHOOD JUST AROUND CORNER FR. SHOPS,CAFES,PARKS,LIB,TRAIN. RARE OPPORTUNITY.
| |||
| Jul 18, 1997 | Sold | ||
| Sold | |||
Property Highlights
Parking Available
Interior Details
Level: First
Features: Flooring - Hardwood
Features: Closet, Flooring - Wall to Wall Carpet
Level: First
Level: First
Features: Flooring - Hardwood
Level: First
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator
Flooring Type: Wood
Laundry Features: First Floor, In Unit
Rooms: 3
Basement: Y
Parking Details
Parking Features: Off Street, Assigned, Deeded
Exterior Details
Has Property Attached
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Mayflower Condominium
Structure Type: Attached
Stories (Total): 1
Building Area Units: Square Feet
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: SRB
Parcel Number: 140238
Water Source: Public
Financial Details
Tax Assessed Value: $224,100
Tax Annual Amount: $2,799
Utilities Details
Cooling Type: None
Heating Type: Electric Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Storage
Association Fee Frequency: Monthly
HOA Fee: $151
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Highway Access, House of Worship, Private School, Public School, University
Complex is Completed
Management: Owner Association
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 |
|---|---|---|---|---|---|---|---|
|
09/21/2022
|
3 Bed
|
2 Bath
|
-
|
$719,000
3 Bed
2 Bath
|
-
-
|
Abode with Us Team
Compass
| |
|
09/17/2021
|
2 Bed
|
2 Bath
|
1245 ft²
|
$649,000
2 Bed
2 Bath
1245 ft²
|
$649,000
11/03/2021
|
Martha Schleck
William Raveis R.E. & Home Services
| |
|
04/08/2021
|
1 Bed
|
1 Bath
|
595 ft²
|
$349,000
1 Bed
1 Bath
595 ft²
|
$310,000
-11.17%
08/31/2021
|
Martha Schleck
William Raveis R.E. & Home Services
| |
|
09/11/2018
|
3 Bed
|
2 Bath
|
1428 ft²
|
$625,000
3 Bed
2 Bath
1428 ft²
|
$605,000
-3.20%
11/27/2018
|
Amy Ziskin
William Raveis R. E. & Home Services
| |
|
09/08/2018
|
3 Bed
|
3 Bath
|
1678 ft²
|
$549,000
3 Bed
3 Bath
1678 ft²
|
$520,000
-5.28%
12/04/2018
|
Sarah Smith
Prudential Prime Properties
| |
|
09/25/2013
|
3 Bed
|
2 Bath
|
1430 ft²
|
$499,900
3 Bed
2 Bath
1430 ft²
|
$485,000
-2.98%
12/16/2013
|
Donna Hennessey
Louise Condon Realty
| |
|
02/18/2005
|
3 Bed
|
2 Bath
|
1026 ft²
|
$429,000
3 Bed
2 Bath
1026 ft²
|
$410,000
-4.43%
05/24/2005
|
Maureen Steverman
William Raveis R.E. & Home Services
| |
|
09/29/2003
|
1 Bed
|
1 Bath
|
595 ft²
|
$189,000
1 Bed
1 Bath
595 ft²
|
$173,000
-8.47%
12/03/2003
|
Geddy McCarthy
Hammond Residential
| |
|
03/26/2002
|
3 Bed
|
3 Bath
|
2100 ft²
|
$399,000
3 Bed
3 Bath
2100 ft²
|
$395,000
-1.00%
08/16/2002
|
Louise Condon
Louise Condon Realty
| |
|
02/24/2001
|
3 Bed
|
3 Bath
|
1753 ft²
|
$359,000
3 Bed
3 Bath
1753 ft²
|
$342,000
-4.74%
06/14/2001
|
Louise Condon
Louise Condon Realty
|
Building Info
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