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Middlesex
23 Summit Ave
$485,000
● House - Off Market

23 Summit Ave

Chelmsford, MA 01824
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,448 Ft²
$839,134
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model

About This Property

Desirable location near South Chelmsford Village! You can enjoy Heart Pond Beach, the Bruce Freeman Rail Trail, Chelmsford Swim & Tennis,and Sunny Meadow Farm. Spacious four bedroom 2 1/2 bath Colonial sited on an acre lot offers a cozy family room off the kitchen with a beautiful stone fireplace and a huge sun room with cathedral ceiling. Unfinished walk-out lower level offers future expansion potential. Irrigation system in place.  Bring your touches and decorating ideas to create your dream home on this lovely street!
Unit Size
2,448 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$216
Property Type
House
Property Taxes
$795
HOA Dues
-
Year Built
1973

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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 #72183531)

Price History

Date / Event Date Event Price
Jan 5, 2021 Sold
Premium
Sold
Nov 14, 2020 Listed by Coldwell Banker Residential Brokerage - Westford $750,000
Listed by Coldwell Banker Residential Brokerage - Westford
Nov 15, 2017 Sold
Premium
Sold
Jun 16, 2017 Listed by Coldwell Banker Residential Brokerage - Westford $529,000
Listed by Coldwell Banker Residential Brokerage - Westford

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 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: 40,003
  • Total Building Area: 2,448
  • Gross Building Area: 6,104
  • Building Area: 2,448
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,448
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000918
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Chelmsford School District
  • School Tax School District: CHELMSFORD SD
  • Census Tract: 317101

Geography

  • Account Number: 7547
  • Parcel: CHEL M:0101 B:0357 L:14
  • Block: 357
  • Lot: 14
  • Municipality: CHELMSFORD
  • Latitude: 42.5842
  • Longitude: -71.3659

    Address

  • Full Address: 23 Summit Ave
  • Address - House Number: 23
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Chelmsford
  • Carrier Code: R022
  • 4-Digit Zip Code: 3810
  • Zip Code: 01824

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,102,200

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 912,405
  • High Value: 1,072,787
  • Low Value: 752,022

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $767,000
  • Assessed Land Value: $391,000
  • Assessed Improvements Value: $376,000

    Sales

  • Current Sale Contract Date: Dec 22, 2020
  • Current Sale Recording Date: Jan 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 496
  • Previous Sale Recording Date: Nov 15, 2017
  • Previous Sale Amount: $485,000
  • 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 Middlesex

Stats & Trends

Median Asking:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2674 ft²

Average Home Age

65.6 years

Currently For Sale

3333 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72183531

Frequently Asked Questions

When was property at 23 Summit Avenue built and last sold?
The property at 23 Summit Avenue was built in 1973 and last sold on Dec 22, 2020 for $730,000.
How much is this home worth?
The estimated value of the home located at 23 Summit Avenue is $763,647.
What are some comparable homes to 23 Summit Avenue?
There are currently no comparable homes to 23 Summit Avenue.
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