18 Summit Ave
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 |
|---|---|---|---|
| Sep 25, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Aug 1, 2024 | Relisted | $345,000 | |
| Relisted | |||
| Jul 23, 2024 | In contract | - | |
| In contract | |||
| Jul 16, 2024 | Listed by RE/MAX Bentley's | $549,000 | |
| Listed by RE/MAX Bentley's | |||
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This is a super cute home in a great neighborhood awaiting a new family to make it their own.. As you enter the living room with lovely fireplace with wood stove for those cold winter nights and adjacent dining room with hardwood floors. laundry hookup and 1/2 bath , a mudroom and access to the oversized garage. A step down into the cathedral ceiling eat in kitchen with lots of cabinets and counter space and natural light with a slider out to a large deck overlooking the flat backyard with a garden area, plenty of space for entertaining family and friends. Lots of options in this yard. Current owners have a chicken coop. Upstairs are 3 ample bedrooms and the full bath. The basement is clean and dry. Enjoy all that Amesbury has to offer with the vibrant downtown, restaurants, breweries, shops, Cinder Hill Farm, lakes, and trails...Newburyport is 5 minutes away... This one will not last! The house is being sold in AS-IS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017