357 Commercial St Apt 118 Boston, MA 02109

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2 beds · 1 bath · 1,307 sq ft · Lot Size: 1,307 sq ft · Residential Condominium · North End
Est. Property Value: $995,871

Good value per sqftOwned for 25 - 50 YearsOwner Age Above 75

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357 Commercial St Apt 118 is in the North End neighborhood of Boston, MA. It is located in Suffolk County and ZIP code 02109. This Residential Condominium was built in 1987 and is approximately 38 years old. The residential condominium spans 1307 sq ft with 2 bedrooms and 1 bathroom and sits on a 1307 sq ft lot. According to public records, it was last sold in 1987 for $49,000 and has a tax-assessed value of $970,045, which is $762 per sq ft. The North End area of Boston has 1324 residential homes with an average size of 1067 sq ft. Analyze and compare real estate investment strategies for properties like this home at 357 Commercial St Apt 118 Boston, MA 02109 with Property Intel by Whitepages.

Owners & Occupancy for 357 Commercial St Apt 118

This property is owned by Wing Hei Tam. Owner contact information includes 2 phone numbers and 3 email addresses.

Property Owners

Residence**********
Landline(617) 523-5825
Distance from Property**********
Email Address*******@comcast.netView Email
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Occupancy

Current Occupancy*****View Occupancy
Resident 1************* age 44
Resident 2********* age 33
Resident 3************ age 67
Resident 4************ age 75

Property Financials for 357 Commercial St Apt 118

357 Commercial St Apt 118, Boston, MA has no known mortgage. The Suffolk county assessment for 2024 values it at $970,045, with annual taxes of $8,540.

Property Tax

Purchase DateSeptember 23, 1987
Property Tax Amount$8,540 in 2024
Purchase Price$49,000
Assessed Value$970,045 on 2024

Investment Potential for 357 Commercial St Apt 118

The property has a current estimated value of $995,871, which is 3% above the neighborhood median, based on public records. It last sold on September 23, 1987 for $49K. Projected long-term
is $45,000 annually ($3,750 per month) with a 76% occupancy rate.

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Long-Term

Gross Rental
$45,000 per year($3,750 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
76%in 02109 zip code
 
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Property Details for 357 Commercial St Apt 118

Property Details

Property Sq Ft

Living Area

1,307 sq ft

22% above market

Lot Size

1,307 sq ft

0% above market

Price Per Sq Ft

Living Area

$762 / sq ft

28% below market

Lot Size Area

$762 / sq ft

12% above market

Property condition, age, exterior, etc. for 357 Commer…
Longitude: -71.050578 Latitude: 42.366164 Parcel Number (APN): CBOS-000000-000003-003039-000086…

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Market Benchmarks

Compare data for 357 Commercial St Apt 118 in Suffolk County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$995,871
$468,013
$527,858 (113%)
—
—
—
YoY Price Change
****%
-1.19%
-873%
Year Built
1987
1985
2 years
Living Space
1,307 sq ft
1,152 sq ft
155 (13%)
$ Per Living Sq Ft
$762
$372
$390 (105%)
Lot Size
1,307 sq ft
79,983 sq ft
-78676 (-98%)
$ Per Lot Sq Ft
$762
$5
$757 (15239%)

Net Operating Income
$*****
$30,624
-$7,389 (-24%)
Annual Revenue
$45,000
$44,400
$600 (1%)
$*****
$13,958
$7,807 (56%)
Net Operating Income
$*****
$30,624
-$7,389 (-24%)
Cap Rate
****%
6.56%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians

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