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Julie Perkins & Louis Rockwood Phillips Acquire SFR In Stoneham, MA For $1M

Property Image
SOLD
$1,000,000
David "Dave" Martiroso
Ann Marie King
Arthur Martiroso

Massachusetts

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Single Family Residence5,138 SF
Sold 12/01/2021
the dealplayerscompscontact
Property Image
SOLD

Julie Perkins & Louis Rockwood Phillips Acquire SFR In Stoneham, MA For $1M

9 Fairlane Road, Stoneham, MA 01880

See Similar Deals
Single Family Residence5,138 SF
Sold 12/01/2021
David "Dave" Martiroso
Ann Marie King
Arthur Martiroso
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Single Family Residence
Price Per Square Foot:$194
Total Square Footage:5,138 SF
Transaction Type:Sale

Located at 9 Fairlane Rd in Stoneham, MA, this single-family home was recently sold. The property, with a size of 5,138 square feet, features a spacious living area. The transaction took place on 12/01/2021 at a sale price of $1,000,000.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $1,000,000
  • Market: Stoneham, MA
  • Asking Price: $998,900

The buyers, Julie Perkins and Louis Rockwood Phillips, acquired the property from sellers Bruno and Delia Mastrodicasa. Ann Marie King from Keller Williams Realty represented the buyers, while Dave Martiroso and Arthur Martiroso from DNA Realty Group, also of Keller Williams Realty, represented the sellers in the deal.

Players

Arthur Martiroso
Keller Williams Realty
Arthur Martiroso
10 deals$11.8M volume
BROKER
David "Dave" Martiroso
Keller Williams Realty
David Martiroso
10 deals$11.8M volume
BROKER
Ann Marie King
Keller Williams Realty
Ann Marie King
2 deals$2.2M volume
BROKER

Details

SOLD
IMAGE: Arthur Martiroso, Ann Marie King & Dave Martiroso DATE: 12/01/2021 ADDRESS: 9 Fairlane Rd MARKET: Stoneham, MA ASSET TYPE: SFR BUYER: Julie Perkins & Louis Rockwood Phillips SELLER: Bruno & Delia Mastrodicasa BUYER'S REP: Ann Marie King (@amkings_a_queen) - Keller Williams Realty SELLER'S REP: Dave Martiroso (@DaveMartiroso) & Arthur Martiroso (@Martiroso) DNA Realty Group (@DNARealtyGroup) - Keller Williams Realty ASKING PRICE: $998,900 SALE PRICE: $1,000,000 SF: 5,138 ~ PPSF: $195

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

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12