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New Bedford 02740
244 Summit Street
$365,000
● House - Off Market

244 Summit Street

New Bedford, MA 02740
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,894 Ft²
$368,436
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

3 bed 3 bath colonial home built in 2000 with front to back family/living room large eat in kitchen and good size rooms. Nice second floor deck off the back and walk-out basement. This home is being sold in as-is condition, but only needs cosmetics. Walk to Keith Middle School, New Bedford High School and Capt. Jack Peterson's Dog Park. Conveniently located near Hathaway Rd and minutes from the highway. All offers highest and best due by 12 pm 1/10/22.
Unit Size
1,894 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$185
Property Type
House
Property Taxes
$434
HOA Dues
-
Year Built
2000

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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: 6 months ago (MLSPIN #72931291)

Price History

Date / Event Date Event Price
Feb 25, 2022 Sold
Premium
Sold
Jan 5, 2022 Listed by Keller Williams Coastal $349,900
Listed by Keller Williams Coastal
Aug 11, 2000 Sold
Premium
Sold
Oct 1, 1999 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • 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: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 1,064
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,401
  • Total Building Area: 1,862
  • Gross Building Area: 3,327
  • Building Area: 1,862
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,862
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000124
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: New Bedford School District
  • Census Tract: 651002

Zoning

  • Zoning: RA

Geography

  • Account Number: 10587
  • Parcel: NEWB M:0069 L:0133
  • Lot: 133
  • Municipality: NEW BEDFORD
  • Latitude: 41.6447
  • Longitude: -70.9504

    Address

  • Full Address: 244 Summit St
  • Address - House Number: 244
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: MA
  • City Name: New Bedford
  • Carrier Code: C005
  • 4-Digit Zip Code: 2809
  • Zip Code: 02740

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $532,600

    Appraisal Valuation

  • Standard Deviation: 0.2202
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 415,064
  • High Value: 506,492
  • Low Value: 323,635

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $443,800
  • Assessed Land Value: $116,100
  • Assessed Improvements Value: $327,700

    Sales

  • Current Sale Contract Date: Feb 25, 2022
  • Current Sale Recording Date: Feb 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4599
  • Previous Sale Recording Date: Aug 11, 2000
  • Previous Sale Amount: $140,000
  • 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 New Bedford

Stats & Trends

Median Asking:

$479,900

Sale Price/ft²

$274

Below Asking

0.02%

Average Days on Market

64

Average Home Size

2265 ft²

Average Home Age

102.5 years

Currently For Sale

185 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: 6 months ago
Data Source: MLS PIN, MLS# 72931291

Frequently Asked Questions

When was property at 244 Summit Street built and last sold?
The property at 244 Summit Street was built in 2000 and last sold on Feb 25, 2022 for $365,000.
How much is this home worth?
The estimated value of the home located at 244 Summit Street is $365,091.
What are some comparable homes to 244 Summit Street?
There are currently no comparable homes to 244 Summit Street.
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