Compass Broker Charles Cherney Sells Somerville Condo For $1.1M
SOLD
$1,098,000
Texas
See Similar Deals13,970 SF
Sold 09/16/2020
SOLD
Compass Broker Charles Cherney Sells Somerville Condo For $1.1M
27 Cedar St #10, Valhalla, Ny 10595, Usa
See Similar Deals13,970 SF
Sold 09/16/2020
Summary
TEXAS
Price Per Square Foot:$78
Total Square Footage:13,970 SF
Transaction Type:Sale
Located at 227 Cedar St in Somerville, MA, this property is a Condo with a sale price of $1,098,000. Spanning across 1,397 square feet, this home offers a price-per-square-foot value of $786.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,098,000
- Square Footage: 1,397 square feet
- Price Per Square Foot: $786
Represented by Charles Cherney of Compass, the deal was successfully closed, ensuring a smooth transaction process for the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,560.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,900.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,205.08
Annual Debt Service$62,460.96
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