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5 Albert Ave, Belmont, Mass...

Updated Dec 19, 2023

Chester Curme & Daisy Zhou Acquire SFR In Belmont, MA For $1.4M
SOLDSingle Family Residence

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

Zach Panosian

Compass

Broker

$1.4M

vol

1 deal

Broker

Belmont Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $663 per square foot on a published $1.4M for 2,109 square feet (2021).

Visit Chris Vietor to view all their deals.

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

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