Essex
12-14 Summit St
$407,000
●
Multifamily -
Off Market
12-14 Summit St
North Andover, MA 01845
5 Beds
3 Baths,
1
Half Bath
2,890 Ft²
$727,417
RealtyHop Estimate
73.44%
Since Sep 1, 2007
National-US
Primary Model
About This Property
Lovely home on dead end street in great neighborhood. Perfect for
rental, large or extended family or in-laws. Treed lot with
fenced in yard and fabulous plantings and perennial gardens.
Generous kitchens and bathrooms in nice condition. Large deck
with hot tub. Pellet Stove in top level gives wonderful heat
and atmosphere. 5 year old roof, very well maintained inside and
out. Quick access to Route 495.
Unit Size
2,890 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$145
Property Type
Multifamily
Property Taxes
$350
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 years ago (MLSPIN #70587916)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2007 | Sold | ||
| Sold | |||
| May 30, 2007 | Listed by Keller Williams Realty | $419,400 | |
| Listed by Keller Williams Realty | |||
Property Highlights
Parking Details
Has Garage
Parking Features: Paved Drive
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Unit 1 Rooms(Living Room, Dining Room, Kitchen, Family Room), Unit 2 Rooms(Living Room, Kitchen)
Appliances: Unit 1(Range, Dishwasher, Disposal, Refrigerator, Washer), Unit 2(Range, Dishwasher, Refrigerator), Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Vinyl, Carpet
Laundry Features: Washer Hookup, Unit 1 Laundry Room, Unit 2 Laundry Room
Rooms: 10
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck, Patio
Lead Paint: Unknown
Lot Features: Wooded
Lot Size Area: 0.23
Lot Size Units: Acres
Lot Size Acres: 0.23
Zoning: R4
Parcel Number: M:00081 B:00028 L:00000, 2069282
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $402,300
Tax Annual Amount: $4,204
Utilities Details
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Heating Type: Unit 1(Electric Baseboard, Wood), Unit 2(Electric Baseboard)
Location Details
Community Features: Public Transportation
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/30/2007
| |
5 Bed
|
3 Bath
|
2890 ft²
|
$419,400
5 Bed
3 Bath
2890 ft²
|
$407,000
-2.96%
08/31/2007
|
R. Lee Farrar
Keller Williams Realty
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017