Updated Oct 28, 2024
Tom Covert Acquires Dedham, MA SFR From Bette Schiffer Trust For $1.1M
365 West Street, Dedham, Massachusetts, USA
$1,100,000
$307/SF
Building Size
3,574 SF
Asset Type
Single Family Residence
Closing
Sep 28, 2021
About this deal
AI
A single-family home located at 365 West Street in Dedham, MA has been sold in a recent transaction. The property spans over 3,574 square feet and was sold for $1,100,000, resulting in a price per square foot of $308. The sale date was recorded on 09/28/2021. The buyer of the property is Tom Covert, while the seller is the Bette Schiffer Trust.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $1,100,000
- Address: 365 West Street, Dedham, MA
- Market: Dedham, MA
Craig Brody from Douglas Elliman represented both parties as the broker in this transaction. The property was listed with an asking price of $1,250,000. However, the final sale price reached a negotiated agreement of $1,100,000. Tom Covert's acquisition of this property marks a significant investment opportunity in Dedham, MA.
Players
Dedham Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $307 per square foot on a published $1.1M for 3,574 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93