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Stoneham 02180
131 Summer St
$490,000
● House - Off Market

131 Summer St

Stoneham, MA 02180
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,646 Ft²
$668,119
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Red brick walk way and covered porch invites you to this well maintained colonial with updated systems. First floor laundry. New roof in 2012 with 30 year Certainteed architectural shingles. New Weil McLain Gold boiler heating system and Roth fiberglass lined 275 gallon oil tank installed 11/2016. New 20 gallon electric hot water heater installed 2016. Natural gas at the street was disconnected from the house. Rear wood (17'9 x 9'10) deck is great for summer entertaining. High ceilings. Oak hardwood floors. Open floor plan living and dining rooms with french doors. Full bath on each level. Eat in kitchen with solid maple cabinets. Master bedroom with walk in closet and builtins. Walk up attic with flooring for ample storage and potential to finish for additional living space.
Unit Size
1,646 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$261
Property Type
House
Property Taxes
$417
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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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 months ago (MLSPIN #72187357)

Price History

Date / Event Date Event Price
Oct 23, 2020 Sold
Premium
Sold
Sep 16, 2020 Listed by Joe Bean Real Estate $539,000
Listed by Joe Bean Real Estate
Aug 7, 2017 Sold
Premium
Sold
Jun 22, 2017 Listed by Joe Bean Real Estate $429,900
Listed by Joe Bean Real Estate
Jul 25, 2006 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 814
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,874
  • Total Building Area: 1,759
  • Gross Building Area: 3,392
  • Building Area: 1,759
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,759
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000112
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Stoneham School District
  • School Tax School District: STONEHAM SD
  • Census Tract: 337102

Zoning

  • Zoning: RA

Geography

  • Account Number: 1388
  • District: 284
  • Parcel: STON M:13 B:000 L:125
  • Lot: 125
  • Municipality: STONEHAM
  • Latitude: 42.4806
  • Longitude: -71.0921

    Address

  • Full Address: 131 Summer St
  • Address - House Number: 131
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Stoneham
  • Carrier Code: C011
  • 4-Digit Zip Code: 3841
  • Zip Code: 02180

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $670,600

    Appraisal Valuation

  • Standard Deviation: 0.1756
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 738,115
  • High Value: 867,779
  • Low Value: 608,450

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $633,200
  • Assessed Land Value: $305,100
  • Assessed Improvements Value: $328,100

    Sales

  • Current Sale Contract Date: Oct 21, 2020
  • Current Sale Recording Date: Oct 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 194588
  • Previous Sale Recording Date: Aug 07, 2017
  • Previous Sale Amount: $490,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Stoneham

Stats & Trends

Median Asking:

$749,000

Sale Price/ft²

$434

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2081 ft²

Average Home Age

69.2 years

Currently For Sale

29 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72187357

Frequently Asked Questions

When was property at 131 Summer Street built and last sold?
The property at 131 Summer Street was built in 1900 and last sold on Oct 21, 2020 for $610,000.
How much is this home worth?
The estimated value of the home located at 131 Summer Street is $556,987.
What are some comparable homes to 131 Summer Street?
There are currently no comparable homes to 131 Summer Street.
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