18 Summit Ave #3
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%.
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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 |
|---|---|---|---|
| Jan 8, 2020 | Sold | ||
| Sold | |||
| Nov 7, 2019 | Listed by William Raveis R.E. & Home Services | $360,000 | |
| Listed by William Raveis R.E. & Home Services | |||
| | |||
|
Pristine and stylish 3 bedroom 1.5 townhouse located at Amy's Landing with harbor views. This unit has everything including a heated garage, central air, central vac, multi level decks, yard, and a low condo fee of $200. Open Concept living with newly renovated kitchen and HW floors throughout. Master Bedroom with gas fireplace and balcony with harbor views. Near commuter rail and beaches. Plenty of storage and parking. Heated garage can be used as bonus space, has large TV which can stay. Two rear decks specific to this unit. Pets allowed.
| |||
| Nov 15, 2012 | Sold | ||
| Sold | |||
| Sep 19, 2012 | Listed by Keller Williams Realty Evolution | $264,900 | |
| Listed by Keller Williams Realty Evolution | |||
| | |||
|
Pristine and stylish 3 bedroom 1.5 townhouse located at Amy's Landing with ocean views from the balcony. This unit has everything including a heated garage, central air, central vac, multi level decks, yard, and a low condo fee of $150. Open Concept living with a great kitchen and HW floors throughout. Beautiful Master Bedroom with a gas fireplace and balcony. Near commuter rail and beaches. Plenty of storage and parking.
| |||
| Jan 5, 2006 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/07/2019
|
3 Bed
|
2 Bath
|
1191 ft²
|
$360,000
3 Bed
2 Bath
1191 ft²
|
$355,000
-1.39%
01/08/2020
|
Barb Cullen
Keller Williams - Greater Newburyport
| |
|
06/02/2016
|
2 Bed
|
2 Bath
|
1547 ft²
|
$329,000
2 Bed
2 Bath
1547 ft²
|
$340,000
+3.34%
08/02/2016
|
Linda Broughton
Coldwell Banker Residential Brokerage - Salem
| |
|
09/19/2012
|
3 Bed
|
2 Bath
|
1191 ft²
|
$264,900
3 Bed
2 Bath
1191 ft²
|
$255,000
-3.74%
11/15/2012
|
Karen DiRocco
Keller Williams Realty Evolution
| |
|
02/01/2012
|
2 Bed
|
2 Bath
|
930 ft²
|
$229,000
2 Bed
2 Bath
930 ft²
|
$229,000
04/06/2012
|
George Crotty
Premier Realty Group, Inc.
| |
|
06/05/2009
|
2 Bed
|
1 Bath
|
1547 ft²
|
$269,000
2 Bed
1 Bath
1547 ft²
|
$258,000
-4.09%
10/20/2009
|
Melissa Dias-Lopes
| |
|
10/17/2005
|
2 Bed
|
2 Bath
|
1318 ft²
|
$329,000
2 Bed
2 Bath
1318 ft²
|
$325,000
-1.22%
01/05/2006
|
Maria Parenti
Next Level Realty
| |
|
03/26/2005
|
2 Bed
|
2 Bath
|
1171 ft²
|
$320,000
2 Bed
2 Bath
1171 ft²
|
$315,000
-1.56%
05/12/2005
|
Katharine Pearce
Keller Williams Realty Evolution
| |
|
01/08/2001
|
2 Bed
|
2 Bath
|
1300 ft²
|
$259,000
2 Bed
2 Bath
1300 ft²
|
$253,000
-2.32%
08/31/2001
|
Bob Soucy
Little & Co., REALTORS®
| |
|
11/24/2000
|
2 Bed
|
2 Bath
|
1300 ft²
|
$269,000
2 Bed
2 Bath
1300 ft²
|
$269,000
09/21/2001
|
Harry Fraser
Coldwell Banker Realty - Beverly
| |
|
11/24/2000
|
2 Bed
|
2 Bath
|
1300 ft²
|
$269,000
2 Bed
2 Bath
1300 ft²
|
$269,000
07/27/2001
|
Harry Fraser
Coldwell Banker Realty - Beverly
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017