29 Harvard Ave 31 Medford, MA 02155

2 beds · 1 bath · 760 sq ft · Lot Size: 40,958 sq ft · Residential Condominium · West Medford
Est. Property Value: $449,297

High Demand Long-Term RentalValued below Market Median

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29 Harvard Ave 31 is in the West Medford neighborhood of Medford, MA. It is located in Middlesex County and ZIP code 02155. This Residential Condominium was built in 1974 and is approximately 51 years old. The residential condominium spans 760 sq ft with 2 bedrooms and 1 bathroom and sits on a 40958 sq ft lot. According to public records, it was sold for $175,000 and has a tax-assessed value of $336,870, which is $591 per sq ft. The West Medford area of Medford has 117 residential homes with an average size of 1070 sq ft. Analyze and compare real estate investment strategies for properties like this home at 29 Harvard Ave 31 Medford, MA 02155 with Property Intel by Whitepages.

Owners & Occupancy for 29 Harvard Ave 31

No contact information is available.

Occupancy

Resident 1*************** age 61
Resident 2********************** age 65
Resident 3****************** age 64
Resident 4*********** age 91
Resident 5***************
Resident 6************** age 73
Resident 7****************
Resident 8************* age 57
Resident 9***************** age 72
Resident 10**************** age 83

Investment Potential for 29 Harvard Ave 31

The property has a current estimated value of $449,297, which is 19% below the neighborhood median, based on public records. It last sold for $175,000. Projected long-term
is $58,800 annually ($4,900 per month) with a 95% occupancy rate.

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Long-Term

Gross Rental
$58,800 per year($4,900 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
95%in 02155 zip code
 
View Rental Potential

Property Details for 29 Harvard Ave 31

Property Details

Property Sq Ft

Living Area

760 sq ft

29% below market

Lot Size

40,958 sq ft

225% above market

Price Per Sq Ft

Living Area

$591 / sq ft

18% above market

Lot Size Area

$11 / sq ft

77% below market

Property condition, age, exterior, etc. for 29 Harvard…
Longitude: -71.134112 Latitude: 42.42068 Parcel Number (APN): MEDF-000003-000000-L005011…

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Discover more residential condominiums near 29 Harvard Ave 31 in Medford, Massachusetts. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 29 Harvard Ave 31 in Middlesex County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$449,297
$468,013
-$18,716 (-4%)
$******
$711,987
-$189,006 (-27%)
YoY Price Change
—
—
—
Year Built
1974
1985
-11 years
Living Space
760 sq ft
1,152 sq ft
-392 (-34%)
$ Per Living Sq Ft
$591
$372
$219 (59%)
Lot Size
40,958 sq ft
79,983 sq ft
-39025 (-49%)
$ Per Lot Sq Ft
$11
$5
$6 (121%)

Net Operating Income
$*****
$30,624
$13,924 (45%)
Annual Revenue
$58,800
$44,400
$14,400 (32%)
$*****
$13,958
$294 (2%)
Net Operating Income
$*****
$30,624
$13,924 (45%)
Cap Rate
****%
6.56%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians

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