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 24, 2024 | Sold | ||
| Sold | |||
| May 8, 2024 | Listed by Coldwell Banker Realty - Lynnfield | $699,000 | |
| Listed by Coldwell Banker Realty - Lynnfield | |||
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Charming Wakefield Downtown Gem is new to market! This 3-bedroom,1.5-bathroom residence nestled in the heart of Wakefield is centrally located, has modern amenities, & inviting features, offering the perfect blend of comfort & convenience. Key Features incl 3 bedrooms upstairs & 1.5 bathrooms which have been fully renovated on the first floor. The recently updated white kitchen boasts a large island, beverage fridge, and stainless appliances, as well as a 5 burner gas stove—a chef’s dream! The first floor also features a living room, dining room with built ins, and a fireplaced family room which is open to the kitchen. Step outside into your fenced-in yard, where you can unwind, entertain, and soak up the sun. The newer stamped concrete patio is perfect for hosting gatherings. A one car oversized garage is heated with plenty of storage. Picture yourself sipping morning coffee on the charming farmers porch; with a commuters dream location steps from the train & downtown restaurants!
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| May 20, 2016 | Sold | ||
| Sold | |||
| Jun 24, 2011 | Sold | ||
| Sold | |||
| May 18, 2011 | Listed by Coldwell Banker Realty - Lynnfield | $339,900 | |
| Listed by Coldwell Banker Realty - Lynnfield | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017