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.
Melrose Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
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