1005 Summer Street
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 20, 2024 | Sold | ||
| Sold | |||
| Mar 7, 2024 | In contract | - | |
| In contract | |||
| Feb 29, 2024 | Listed by RE/MAX 360 | $724,900 | |
| Listed by RE/MAX 360 | |||
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Don't miss this opportunity to own a single-family home in Lynnfield. Warm and inviting 3-bedroom ranch. Meticulously loved and maintained with an open floor plan and sun-filled rooms make it a great place to relax and entertain. The bright open kitchen features stainless steel appliances, a double oven, tile countertops and opens to an attractive living area with a wood burning fireplace. Conveniently located off the kitchen & living area is a versatile family room/office with a skylight and many windows. Atrium door leads to a deck and a tranquil outside setting, perfect for enjoying the outdoors. This home features wood flooring, cathedral ceilings, recessed lighting, and central air. The expansive basement has many possibilities. Ample driveway parking. Heat & Central Air (2010), Tankless Water heater (2020). New 3 bedroom septic to be installed prior to closing. Conveniently located near Route 128, Route 1 & Market Street. Enjoy all that Lynnfield has to offer.
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| Nov 24, 2023 | No longer available | - | |
| No longer available | |||
| Oct 25, 2023 | Price Decreased |
$724,900
↓ $25K
(3.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017