Engel & Volkers Represents Sale Of Condo In Newton, MA For $620K
SOLD
$620,000
Massachusetts
See Similar Deals1,030 SF
Sold 08/06/2020
SOLD
Engel & Volkers Represents Sale Of Condo In Newton, MA For $620K
514 Lowell Avenue, Newton, Massachusetts, USA
See Similar Deals1,030 SF
Sold 08/06/2020
Summary
MASSACHUSETTS
Price Per Square Foot:$601
Total Square Footage:1,030 SF
Transaction Type:Sale
A condo located at 514 Lowell Ave in Newton, MA has been sold in a recent transaction. The property, measuring 1,030 square feet, was listed with an asking price of $599,000. It was ultimately sold for $620,000, resulting in a price per square foot of $602.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $620,000
- Date: 08/06/2021
- Address: 514 Lowell Ave, Newton, MA
- Market: Newton, MA
- Asking Price: $599,000
- Square Footage: 1,030
- BROKER: Ali Choucri & Raz Panossian - East Group Real Estate - Engel & Volkers
The sale of this condo was facilitated by Ali Choucri and Raz Panossian of East Group Real Estate, representing Engel & Volkers. These experienced brokers played a crucial role in the successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$33,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,202.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,939.12
Annual Debt Service$35,269.40
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