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17 Sewall Street, Melrose, ...

Compass Represents Buyer In $1.14M Purchase Of Melrose SFR
SOLDSingle Family Residence

Compass Represents Buyer In $1.14M Purchase Of Melrose SFR

17 Sewall Street, Melrose, Massachusetts, USA

$1,140,000

$456/SF

Building Size

2,500 SF

Asset Type

Single Family Residence

Closing

Jun 27, 2021

AI

A single-family residential property located at 17 Sewall Street in Melrose, MA has recently been sold. The property, measuring approximately 2,500 square feet, was listed for sale with an asking price of $949,900. After negotiations, the property was ultimately sold for $1,140,000, resulting in a price per square foot of $456.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $1,140,000
  • Address: 17 Sewall Street, Melrose, MA
  • Market: Melrose, MA
  • Asking Price: $949,900
  • Square Footage: 2,500

The buyer of the property was represented by Mike Cohen from Compass. On the other side, the seller was represented by David Ladner from Team Ladner at RE/MAX Harmony. These agents played an essential role in facilitating the successful transaction between the buyer and the seller.

Players

David Ladner

Re/Max

Broker

$4.7M

vol

4 deals

Broker

Melrose Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.91%

Cash-on-Cash

-3.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93