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Chelsea 02150 Soldiers Home
18 Summit Ave
$441,000
● House - Off Market

18 Summit Ave

Chelsea, MA 02150
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,224 Ft²
$665,132
RealtyHop Estimate
43.04%
Since Feb 1, 2020
MA-Boston
Primary Model

About This Property

Beautiful colonial with garage parking and great outdoor space in Chelsea! Nothing to do but move into this well maintained and nicely updated 3-bedroom / 1.5 bathroom single-family house. The first floor features an open floor plan with gleaming hardwood floors, a half bathroom, living and dining rooms and a kitchen featuring granite countertops and a new THOR gas range. Upstairs are three bedrooms, a full bathroom, and a walk-up attic. Tons of storage in the basement. Outside you will find a large, raised flower bed and a private backyard area that features a shed,  more flower beds,  and an absolutely massive deck. Easy access to Rt. 1, less than a mile to the Commuter Rail, and nearby to buses that run to Maverick Station and the Blue Line.
Unit Size
1,224 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$380
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
1910

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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 #72597965)

Price History

Date / Event Date Event Price
Jan 28, 2020 Sold
Premium
Sold
Dec 4, 2019 Listed by Keller Williams Realty Boston Northwest $465,000
Listed by Keller Williams Realty Boston Northwest
Dec 5, 2016 Sold
Premium
Sold
Sep 9, 2016 Listed by Keller Williams Realty Boston Northwest $369,000
Listed by Keller Williams Realty Boston Northwest
Aug 24, 2006 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 420
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,810
  • Total Building Area: 1,256
  • Gross Building Area: 2,464
  • Building Area: 1,256
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,256
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Chelsea School District
  • School Tax School District: CHELSEA SD
  • Census Tract: 160601

Zoning

  • Zoning: R2

Geography

  • Account Number: 55540001
  • Parcel: CHEL M:066 P:019
  • Municipality: CHELSEA
  • Latitude: 42.4009
  • Longitude: -71.0258

    Address

  • Full Address: 18 Summit Ave
  • Address - House Number: 18
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Chelsea
  • Carrier Code: C067
  • 4-Digit Zip Code: 2115
  • Zip Code: 02150

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $563,700

    Appraisal Valuation

  • Standard Deviation: 0.1898
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 74
  • Final Value: 562,273
  • High Value: 669,032
  • Low Value: 455,514

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $455,300
  • Assessed Land Value: $216,700
  • Assessed Improvements Value: $238,600

    Sales

  • Current Sale Contract Date: Jan 23, 2020
  • Current Sale Recording Date: Jan 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 7314
  • Previous Sale Recording Date: Dec 05, 2016
  • Previous Sale Amount: $369,000
  • 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 Soldiers Home

Stats & Trends

Median Asking:

$444,900

Sale Price/ft²

$387

Below Asking

0.01%

Average Days on Market

58

Average Home Size

2365 ft²

Average Home Age

95 years

Currently For Sale

5 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72597965

Frequently Asked Questions

When was property at 18 Summit Avenue built and last sold?
The property at 18 Summit Avenue was built in 1910 and last sold on Jan 23, 2020 for $441,000.
How much is this home worth?
The estimated value of the home located at 18 Summit Avenue is $465,584.
What are some comparable homes to 18 Summit Avenue?
There are currently no comparable homes to 18 Summit Avenue.
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