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Newburyport 01950
2 Summit Place
$340,000
● House - Off Market

2 Summit Place

Newburyport, MA 01950
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,373 Ft²
$860,873
RealtyHop Estimate
109.97%
Since Mar 1, 2013
National-US
Primary Model

About This Property

Victorian with many original features: Original woodwork and floors, carved cherry mantles, stained glass window in hall, and original tin roof. Covered Side porch offers shaded reading and entertaining space. Yard is perfect for gardens, grill, shed, and patio. 2 parlors allow for office or TV room off Dining room. 2 additional heated maid's rooms on 3rd floor. Bring your updates to this home. Short sale requiring 3rd party approval. Professional Negotiator involved. New price reflects BPO.
Unit Size
2,373 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$173
Property Type
House
Property Taxes
$547
HOA Dues
-
Year Built
1869

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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: 4 months ago (MLSPIN #71367703)

Price History

Date / Event Date Event Price
Feb 13, 2013 Sold
Premium
Sold
Apr 15, 2012 Listed by Keller Williams Realty $410,000
Listed by Keller Williams Realty
Feb 2, 2007 Sold
Premium
Sold
Sep 21, 2006 Sold
Premium
Sold
Feb 8, 2006 Listed by Keller Williams Realty $500,000
Listed by Keller Williams Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1869
  • Effective Year Built: 1869
  • Building Count: 1
  • Total Rooms: 7
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,200
  • Total Building Area: 2,572
  • Gross Building Area: 4,272
  • Building Area: 2,572
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,572
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000096
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newburyport School District
  • School Tax School District: NEWBURYPORT SD
  • Census Tract: 268300

Geography

  • District: 206
  • Parcel: NEWP M:0038 B:0074 L:0000
  • Block: 74
  • Municipality: NEWBURYPORT
  • Latitude: 42.8128
  • Longitude: -70.8851

    Address

  • Full Address: 2 Summit Pl
  • Address - House Number: 2
  • Address - Street Name: Summit
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Newburyport
  • Carrier Code: C021
  • 4-Digit Zip Code: 3804
  • Zip Code: 01950

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,018,500

    Appraisal Valuation

  • Standard Deviation: 0.2105
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 71
  • Final Value: 728,876
  • High Value: 882,330
  • Low Value: 575,422

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,021,600
  • Assessed Land Value: $372,600
  • Assessed Improvements Value: $649,000

    Sales

  • Current Sale Recording Date: Feb 13, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 332
  • Previous Sale Recording Date: Feb 02, 2007
  • Previous Sale Amount: $550,000
  • 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 Newburyport

Stats & Trends

Median Asking:

$999,000

Sale Price/ft²

$563

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2453 ft²

Average Home Age

102.5 years

Currently For Sale

64 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

Unit for rent at 16 Chestnut, Newburyport, 01950

$3,700 /mo

  • 2 Beds
  • 1 Bath
  • 2,706 ft²
16 Chestnut, Newburyport, 01950

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71367703

Frequently Asked Questions

When was property at 2 Summit Place built and last sold?
The property at 2 Summit Place was built in 1869 and last sold on Jan 1, 1970 for $340,000.
How much is this home worth?
The estimated value of the home located at 2 Summit Place is $474,651.
What are some comparable homes to 2 Summit Place?
There are currently no comparable homes to 2 Summit Place.
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