Updated Dec 21, 2023
Kyle Rand Acquires SFR In Medford, Ma For $1.11M
38 Alfred Street, Medford, Massachusetts, USA
$1,111,111
$482/SF
Building Size
2,301 SF
Asset Type
Single Family Residence
Closing
May 17, 2021
About this deal
AI
A single-family residential property located at 38 Alfred St in Medford, Massachusetts has been sold in a recent transaction. The property, with a total area of 2,301 square feet, was listed for sale with an asking price of $849,000.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $1,111,111
- Seller: Faye Weidner
- Buyer: Kyle Rand
- Seller's Representative: Lynn O’Connell - Leading Edge Real Estate
- Buyer's Representative: Alan Qiu - Chinatti Realty Group
- Date: 05/18/2021
- Market: Medford, Ma
The deal, facilitated by Lynn O’Connell of Leading Edge Real Estate on behalf of the seller, and Alan Qiu of Chinatti Realty Group representing the buyer, resulted in a final sale price of $1,111,111, surpassing the initial asking price. The property was able to attract a high level of interest, as it received multiple offers, ultimately beating out seven other competitors. Additional support was provided by @tranthemortgageman, who assisted with lending, and @drlawllc, the attorney involved in the buying process.
Players
Medford Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $482 per square foot on a published $1.1M for 2,301 square feet (2021).
Visit Alan Qiu to view all their deals.
Browse Massachusetts single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.28%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93