Updated Dec 19, 2023
Chester Curme & Daisy Zhou Acquire SFR In Belmont, MA For $1.4M
5 Albert Ave, Belmont, Massachusetts, USA
$1,400,000
$663/SF
Building Size
2,109 SF
Asset Type
Single Family Residence
Closing
Jul 19, 2021
About this deal
AI
Located in Belmont, MA, the property at 5 Albert Ave recently underwent a successful sale transaction. This single-family residence (SFR) boasts a total area of 2,109 square feet. The property was listed for an asking price of $1,250,000. However, the final sale price exceeded expectations, reaching $1,400,000, resulting in a price per square foot of $664. This demonstrates the high demand and value of the property in the Belmont market.
Summary of transaction details:
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $1,400,000
- Address: 5 Albert Ave, Belmont, MA
- Market: Belmont, MA
The seller, Carolyn Kemp & Eric Broege, enlisted the services of Zach Panosian from the 617 Living Team at Compass as their representative. On the other side of the deal, Chester Curme & Daisy Zhou took on the role of buyers. They were assisted by Chris Vietor from Hughes Residential. This team of professionals played instrumental roles in ensuring the success of the transaction.
For further inquiries or more information, please contact Zach Panosian at [email protected].
Players
Belmont 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93