Updated Dec 19, 2023
Pauline Patrick Acquires Condo At 89 Wallace St In Somerville, MA
89 Wallace St, Somerville, Massachusetts, USA
$1,820,000
$838/SF
Building Size
2,170 SF
Asset Type
—
Closing
Dec 6, 2021
About this deal
AI
A condo located at 89 Wallace St in Somerville, MA has been sold in a recent transaction. The property, with a total area of 2,170 square feet, was sold for a sale price of $1,820,000. The condo features a price per square foot of $839. The transaction took place on 12/06/2021.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,820,000
- Address: 89 Wallace St, Somerville, MA
- Market: Somerville, MA
- Square footage: 2,170
The buyer of the condo is Pauline Patrick, while the seller is Garett Einis. The deal was facilitated by George Wu from Compass, who represented both the buyer and the seller.
On the Map
$1,820,000
$838/SF
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Players
Somerville CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $838 per square foot on a published $1.8M for 2,170 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.72%
Cash-on-Cash
-2.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93