Compass Broker Sells Condo In Somerville, MA For $1.55M
SOLD
$1,550,000
Massachusetts
See Similar Deals2,176 SF
Sold 10/27/2021
SOLD
Compass Broker Sells Condo In Somerville, MA For $1.55M
2 Appleton Street, Somerville, Massachusetts, USA
See Similar Deals2,176 SF
Sold 10/27/2021
Summary
MASSACHUSETTS
Price Per Square Foot:$712
Total Square Footage:2,176 SF
Transaction Type:Sale
A condo located at 2 Appleton Street in Somerville, MA has been sold for a price of $1,550,000. The condo spans 2,176 square feet, resulting in a price per square foot of $712. The transaction took place on October 27, 2021, and the sale was facilitated by broker Mike Cohen from Compass.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $1,550,000
- Address: 2 Appleton Street, Somerville, MA
- Market: Somerville, MA
- Square Footage: 2,176
- Price per Square Foot: $712
Mike Cohen from Compass played a key role in the sale of the condo. He served as the broker representing the parties involved in the transaction.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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