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Belmont, MA Single Family Home Sells For $1.46M With Coldwell Banker And Dreamega Realty

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SOLD
$1,462,000

Massachusetts

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Single Family Residence25,300 SF
Sold 10/02/2020
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Property Image
SOLD

Belmont, MA Single Family Home Sells For $1.46M With Coldwell Banker And Dreamega Realty

23 Tobey Rd, Belmont, MA 02478, USA

See Similar Deals
Single Family Residence25,300 SF
Sold 10/02/2020
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Summary

MASSACHUSETTS
Asset Type:Single Family Residence
Price Per Square Foot:$57
Total Square Footage:25,300 SF
Transaction Type:Sale

The single-family property at 23 Tobey Road in Belmont, MA has been sold for a price of $1,462,000. With a total area of 2,530 square feet, the sale equates to a price per square foot of $578. The transaction was facilitated by Christine Pomer from Coldwell Banker Realty in Lexington, representing the seller, and Shuocen Yuan from Dreamega International Realty LLC, representing the buyer.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $1,462,000
  • Square Footage: 2,530
  • Price per Square Foot: $578
  • Market: Belmont, MA

Christine Pomer from Coldwell Banker Realty in Lexington represented the seller in this transaction, while Shuocen Yuan from Dreamega International Realty LLC acted as the buyer's representative.

Players

Christine Pomer
6 deals$8.6M volume
BROKER

Details

SOLD
IMAGE: Christine Pomer⁠ DATE: 10/02/2020⁠ ADDRESS: 23 Tobey Road⁠ MARKET: Belmont, MA⁠ ASSET TYPE: Single Family⁠ SALE PRICE: $1,462,000⁠ SF: 2,530 / PPSF: $578⁠ SELLER’S REP: Christine Pomer – Coldwell Banker Realty – Lexington⁠ BUYER’S REP: Shuocen Yuan – Dreamega International Realty LLC⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$77,973.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,194.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,930.63
Annual Debt Service$83,167.51