Pauline Patrick Acquires Condo At 89 Wallace St In Somerville, MA
SOLD
$1,820,000
Massachusetts
See Similar Deals2,170 SF
Sold 12/06/2021
SOLD
Pauline Patrick Acquires Condo At 89 Wallace St In Somerville, MA
89 Wallace St, Somerville, Massachusetts, USA
See Similar Deals2,170 SF
Sold 12/06/2021
Summary
MASSACHUSETTS
Price Per Square Foot:$838
Total Square Footage:2,170 SF
Transaction Type:Sale
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.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$97,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,466.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,627.73
Annual Debt Service$103,532.74
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