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Essex 01966
18 Summit Avenue
$322,000
● House - Off Market

18 Summit Avenue

Rockport, MA 01966
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,172 Ft²
$607,455
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

Classic 7 room Colonial with abundant soft and warm natural light throughout its 1,172sf. of living space, and partial ocean views. Living room, dining room, family room, and galley kitchen  on the main level. The second floor offers 3 bedrooms and a full bath. Out back is a large screen porch for summer use, or possible expansion of interior living space, and a large yard. Minutes away from Town Center, the Beaches, Walking Trails, Shopping, and the Train. If you enjoy watching the sunrise...grab a cup of something hot, relax on the living room sofa and enjoy the show...New roof summer 2013. Two bedrooms without radiators. At sellers request, showings are on hold till March 27th.
Unit Size
1,172 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$275
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 4 months ago (MLSPIN #71644412)

Price History

Date / Event Date Event Price
Apr 29, 2014 Sold
Premium
Sold
Mar 13, 2014 Listed by Coldwell Banker Residential Brokerage - Gloucester $322,000
Listed by Coldwell Banker Residential Brokerage - Gloucester
Mar 4, 1991 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 902
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,148
  • Total Building Area: 1,172
  • Gross Building Area: 2,454
  • Building Area: 1,172
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,172
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000164
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Rockport School District
  • School Tax School District: ROCKPORT SD
  • Census Tract: 220102

Zoning

  • Zoning: R3

Geography

  • Account Number: 882
  • District: 252
  • Parcel: ROCK M:11 B:47
  • Block: 47
  • Lot: 47
  • Municipality: ROCKPORT
  • Latitude: 42.6572
  • Longitude: -70.6292

    Address

  • Full Address: 18 Summit Ave
  • Address - House Number: 18
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Rockport
  • Carrier Code: C007
  • 4-Digit Zip Code: 1428
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $572,400

    Appraisal Valuation

  • Standard Deviation: 0.1594
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 704,653
  • High Value: 817,066
  • Low Value: 592,241

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $679,800
  • Assessed Land Value: $331,400
  • Assessed Improvements Value: $348,400

    Sales

  • Current Sale Recording Date: Apr 29, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 42900153
  • Previous Sale Recording Date: Mar 04, 1991
  • Previous Sale Amount: $178,000
  • Previous Sale Document Type: 27
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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2546 ft²

Average Home Age

73.2 years

Currently For Sale

1483 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: 4 months ago
Data Source: MLS PIN, MLS# 71644412

Frequently Asked Questions

When was property at 18 Summit Avenue built and last sold?
The property at 18 Summit Avenue was built in 1900 and last sold on Jan 1, 1970 for $322,000.
How much is this home worth?
The estimated value of the home located at 18 Summit Avenue is $333,098.
What are some comparable homes to 18 Summit Avenue?
There are currently no comparable homes to 18 Summit Avenue.
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