A real estate study on a 2 bed and 1 bath condominium in Brookline.
The reason for choosing it is because it has a washer & dryer and a deeded parking space.
Overview
$799,000 2 bd 1 ba 835sqft
137 Freeman St APT 1, Brookline, MA 02446
Condominium
Built in 1935
Heat Source Hot water
No AC No Fan
1 Parking space
$464 monthly HOA fee
$957 price/sqft
2.5% buyers agency fee
Location
6 minutes walk to BU
25 minutes walk to Harvard Medical School
5 minutes walk to MBTA Green Line stations
Photos
List agent's highlights
- Newly renovated south-facing condo in a prime location
- Plenty of natural light & features a fully remodeled kitchen & bathroom w/ new appliances, custom cabinetry & elegant quartz countertops.
- Deeded parking & guest parking
- Washer/dryer in-unit
- Private storage in the basement.
- Pet-friendly building.
- Proximity to several parks & playgrounds including Amory, Hall's Pond, Knyvet, & Winthrop w/ its Rose Garden, playground & dog park.
- Close commercial area
- Easy access to C & B lines, BU/BC, & Longwood Medical.
Return Rate
Return Rate
= (Annual rental income - property tax - home insurance - hoa fee) x 100 / (purchase price + closing costs)
= (48,000 - 5,500 - 3,356 - 5,568) x 100 / (799,000 x 1.03)
= 3,357,600 / 822,970
= 4.08 %
Reference
Conclusions
Not a bad deal?
* All original images came from Zillow or Google map.
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