29 Summit Ave
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%.
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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 |
|---|---|---|---|
| May 15, 2020 | Sold | ||
| Sold | |||
| Mar 19, 2020 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $739,900 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
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This spacious garrison colonial is located in the quaint and desirable West Park section of Wakefield. Nestled in on a beautiful corner lot, this house offers hard wood floors through out and newly updated bathrooms. The kitchen features cherry cabinets, granite countertops, stainless steel appliances; including a 36” gas cooktop, double wall oven and dishwasher. Kitchen opens up into large family room. The natural light, vaulted ceiling, bar seating and access to the patio and fire pit makes this room perfect for family gatherings. The formal dining room, fire-placed living room and 1/2 bath complete the first floor living space. The second floor has four bedrooms and a newly renovated full bath. The finished basement has a laundry room and a bonus room, which can be used as a man cave, playroom, workout space or media room. Close to lake , trains and downtown. All offers to be submitted not later then 3pm on Tuesday for sellers review Tuesday evening. All room sizes are approx.
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| Sep 20, 2019 | No longer available | - | |
| No longer available | |||
| Sep 12, 2019 | Listed by RE/MAX Encore | $749,900 | |
| Listed by RE/MAX Encore | |||
| Apr 30, 2002 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017