Compass Agents Close $1.2M Condo Sale In Somerville
88 Dover St #1, Somerville, Ma 02144, Usa
$1,200,000
$752/SF
Building Size
1,595 SF
Asset Type
—
Closing
Sep 22, 2020
AI
Located at 88 Dover Street in Somerville, this condominium was recently sold in a closed transaction. The property consists of a spacious 1,595 square feet and was sold for a price of $1,200,000, resulting in a price per square foot of $752.35. The transaction took place on September 23, 2020. The property is a condo, offering a comfortable and stylish living space.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,200,000
- Square Footage: 1,595
- Price per Square Foot: $752.35
- Address: 88 Dover Street, Somerville
The seller of this condominium is Mike Cohen, who represented Compass agency, while the buyer is Jason Jeon, also represented by Compass agency. Both parties were successfully engaged in the transaction, ensuring a smooth sale process.
Players
Somerville CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93