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New Bedford 02740
283 Summit St
$181,000
● House - Off Market

283 Summit St

New Bedford, MA 02740
bedrooms
2 Beds
bathrooms
1 Bath
square feet
768 Ft²
$337,959
RealtyHop Estimate
82.78%
Since Apr 1, 2015
National-US
Primary Model

About This Property

Pristine ranch in quaint, tucked in tranquil neighborhood surrounded by woods and lots of open space/nature, yet easy access to highways. Beautiful eat-in kitchen with granite counter top with ceramic tile backsplash and new stainless steel appliances.Two well sized bedrooms plus family room and office in newly finished basement with separate zone heat,  Beautiful new oak floors and new carpeting. Open floor plan great for entertaining  family and friends completely and tastefully renovated. New efficiency heating system, security system, replacement Andersen windows. Large 2 level composite deck and new front porch, landscaped lot with stone retaining wall.  Close to schools and bus line. Nothing to do but move in.  Don`t miss this one. Call for an appointment.
Unit Size
768 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$241
Property Type
House
Property Taxes
$218
HOA Dues
-
Year Built
1990

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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 #71777282)

Price History

Date / Event Date Event Price
Mar 12, 2015 Sold
Premium
Sold
Dec 13, 2014 Listed by Medeiros & Associates Real Estate $184,900
Listed by Medeiros & Associates Real Estate
Jul 30, 2014 Sold
Premium
Sold
May 23, 2014 Listed by Medeiros & Associates Real Estate $89,900
Listed by Medeiros & Associates Real Estate
Mar 31, 2006 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,800
  • Total Building Area: 768
  • Gross Building Area: 2,095
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 768
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THOMAS D LOPES
  • Land Acres: 0000000110
  • 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: 11239
  • Parcel: NEWB M:0075 L:0207
  • Lot: 207
  • Municipality: NEW BEDFORD
  • Latitude: 41.6459
  • Longitude: -70.9511

    Address

  • Full Address: 283 Summit St
  • Address - House Number: 283
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: MA
  • City Name: New Bedford
  • Carrier Code: C005
  • 4-Digit Zip Code: 2904
  • Zip Code: 02740

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $394,600

    Appraisal Valuation

  • Standard Deviation: 0.2016
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 72
  • Final Value: 371,381
  • High Value: 446,259
  • Low Value: 296,503

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $328,800
  • Assessed Land Value: $112,800
  • Assessed Improvements Value: $216,000

    Sales

  • Current Sale Recording Date: Mar 12, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4469
  • Previous Sale Recording Date: Jul 30, 2014
  • Previous Sale Amount: $72,000
  • Previous Sale Document Type: 71
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:

$475,000

Sale Price/ft²

$274

Below Asking

0.02%

Average Days on Market

63

Average Home Size

2246 ft²

Average Home Age

99.1 years

Currently For Sale

181 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71777282

Frequently Asked Questions

When was property at 283 Summit Street built and last sold?
The property at 283 Summit Street was built in 1990 and last sold on Jan 1, 1970 for $180,000.
How much is this home worth?
The estimated value of the home located at 283 Summit Street is $185,352.
What are some comparable homes to 283 Summit Street?
There are currently no comparable homes to 283 Summit Street.
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