16 Summer St
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 28, 2024 | Sold | ||
| Sold | |||
| Jun 5, 2024 | Listed by RE/MAX Distinct Advantage | $649,000 | |
| Listed by RE/MAX Distinct Advantage | |||
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*OFFER DEADLINE MONDAY 6/10 at 10AM* Quintessential 3 bed 2 bath cape style home located on close to ½ acre. Within walking distance to Hinkley Pond & Medfield center. Close to schools & more. Set back from the road this home offers privacy on all sides of the wooded lot. Inside hardwood flooring appears throughout most rooms. Picture window bathes the living room & dining room in natural light. Center wood burning fireplace highlights the room. Arched doorways can be found in the main living space. Dining area is open to the kitchen and the sunroom connects to the backyard & attached garage. First floor main bedroom, full bath and office complete this level. Upstairs are 2 front to back spacious bedrooms, a shared full bath & WIC. Laundry area w/ sink in the large unfinished basement featuring an additional wood burning fireplace. This gem of a home could use some loving care to make it sparkle again. Town sewer & gas available on street.
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| Dec 29, 2021 | Sold | ||
| Sold | |||
| Dec 9, 2021 | Listed by RE/MAX Distinct Advantage | $535,000 | |
| Listed by RE/MAX Distinct Advantage | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017