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Woburn 01801 Downtown Woburn
16 Summer St
$1,150,000
● House - Off Market

16 Summer St

Woburn, MA 01801
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,930 Ft²
$1,275,789
RealtyHop Estimate
7.39%
Since Feb 1, 2023
MA-Boston
Primary Model

About This Property

Quality New Construction by one of the area's finest builders. Great open floor plan with room to entertain. The kitchen is fully equipped with large island, G.E. Profile SS appliances, tiled back splash, 5 burner gas stove with rangehood, wall oven, wall microwave, recessed lighting and large dining area. Spacious gas fireplaced living room with slider to back yard patio. Beautiful distressed hardwood floors throughout. Grand primary bedroom with walk-in closet and full bath. 3 additional bedrooms all hardwood floors and recessed lighting. Laundry room on 2nd floor and main full bath.  Finished LL family room with full size windows and full bath.  Central air and gas heating. Professionally landscaped with beautiful stonewalls. Convenient location walk to downtown. A short distance to public transportation.
Unit Size
2,930 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$405
Property Type
House
Property Taxes
$350
HOA Dues
-
Year Built
1920

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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 #73060011)

Price History

Date / Event Date Event Price
Jan 27, 2023 Sold
Premium
Sold
Dec 20, 2022 In contract -
In contract
Nov 21, 2022 Listed by Austin Realty Group $1,188,000
Listed by Austin Realty Group
May 26, 2021 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 31
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 853
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,400
  • Total Building Area: 2,173
  • Gross Building Area: 3,869
  • Building Area: 2,173
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,173
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000147
  • Standard Land Use Code: 8001
  • County Land Use Code: 130

Neighborhood

  • School District Name: Woburn School District
  • School Tax School District: WOBURN SD
  • Census Tract: 333300

Zoning

  • Zoning: R-2

Geography

  • Account Number: 266937553782 0
  • Parcel: WOBU M:59 B:03 L:25 U:00
  • Block: 3
  • Lot: 25
  • Municipality: WOBURN
  • Latitude: 42.4755
  • Longitude: -71.152

    Address

  • Full Address: 16 Summer St
  • Address - House Number: 16
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Woburn
  • Carrier Code: C019
  • 4-Digit Zip Code: 5039
  • Zip Code: 01801

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $229,700
  • Initial Tax Delinquent Year: 2022

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $264,000
  • Assessed Land Value: $264,000

    Sales

  • Current Sale Contract Date: Jan 27, 2023
  • Current Sale Recording Date: Jan 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9911
  • Previous Sale Recording Date: May 26, 2021
  • Previous Sale Contract Date: May 26, 2021
  • Previous Sale Amount: $299,900
  • 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 Downtown Woburn

Stats & Trends

Median Asking:

$714,950

Sale Price/ft²

$433

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1812 ft²

Average Home Age

65.7 years

Currently For Sale

35 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73060011

Frequently Asked Questions

When was property at 16 Summer Street built and last sold?
The property at 16 Summer Street was built in 1920 and last sold on Jan 27, 2023 for $1,150,000.
How much is this home worth?
The estimated value of the home located at 16 Summer Street is $1,200,246.
What are some comparable homes to 16 Summer Street?
There are currently no comparable homes to 16 Summer Street.
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