2 Summer Street
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 |
|---|---|---|---|
| Feb 20, 2025 | Sold | ||
| Sold | |||
| Jan 21, 2025 | In contract | - | |
| In contract | |||
| Jan 5, 2025 | Relisted | $665,000 | |
| Relisted | |||
| Jan 2, 2025 | In contract | - | |
| In contract | |||
| Dec 26, 2024 | Listed by StartPoint Realty & Associates | $799,000 | |
| Listed by StartPoint Realty & Associates | |||
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Welcome to 2 Summer Street, North Reading! Located in one of North Reading's most sought-after neighborhoods! This beautifully remodeled 4 bedroom, 2 bathroom home in a desirable North Reading area. The first floor boasts a spacious open-concept layout featuring an oversized & beautiful living room, new kitchen with white shaker cabinets, an island, quartz countertops, & stainless steel appliances, perfect for hosting or everyday living. A formal dining room with a slider leading to a large deck, a newly updated full bathroom, & three generously sized bedrooms complete this level. Upstairs, you'll find an additional bedroom, a full bathroom, & a convenient bonus room. Step outside to enjoy a massive deck overlooking a charming 0.8-acre lot, perfect for entertaining or relaxing. Additional highlights include central heating and air conditioning. Unbeatable location close to shopping, dining, & major highways. This home has it all!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017