18 Summit Ave #4
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 |
|---|---|---|---|
| Aug 2, 2016 | Sold | ||
| Sold | |||
| Jun 2, 2016 | Listed by Coldwell Banker Residential Brokerage - Salem | $329,000 | |
| Listed by Coldwell Banker Residential Brokerage - Salem | |||
| | |||
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Enjoy a beautiful harbor view from your own balcony off the Family Room, this recently renovated townhome features gleaming hardwood floors throughout; the first floor enters into a large living room, dining room open concept living with an updated kitchen with granite counter tops, and stainless steel appliances. The second floor offers two bedrooms including master and a full bathroom. The third floor offers options, an additional large bedroom suite, or large family room with fireplace, and balcony. Plus there is a great deck off the kitchen with an enclosed back yard; this home is within walking distance to the train, several beaches, restaurants, bars and the harbor, not to mention a 1.5 mile walk to downtown Salem. Don’t miss out.
| |||
| Oct 20, 2009 | Sold | ||
| Sold | |||
| Jun 5, 2009 | Listed by Elite Realty Experts, LLC | $269,000 | |
| Listed by Elite Realty Experts, LLC | |||
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