Rented from 09.01.2019 to 08.31.2020 at rate of $4210. per month. Reports show that the median sales list price, per square foot in the zip code 02215 is $1,026 per square foot. So the sales median price per square foot is $1,026 times 1003 square feet of the apartment = $1,029,078 selling price. Reports show the median rental price in the zip code 02215 is $2650. However, this apartment is rented at the rate of $4,210 per month from the dates 09.01.2019 to 08.31.2020. Therefore, the selling price is a median value for an investor, purchaser and the rental rate is an excessively favorable value for an investor, purchaser.
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