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Rockport 01966
3 Summer St
$949,000
● House - Off Market

3 Summer St

Rockport, MA 01966
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,184 Ft²
$1,001,480
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Rockport/In Town - This absolutely charming circa 1860's home has it all -- Located in the heart of Rockport just 3/10's of a mile to town, harbor, school & miles of walking trails in the South Woods.  The main house features a light filled open floor plan with an updated kitchen, dining area, and sitting area w/a pellet stove and gleaming red oak flooring. The first floor also consists of a formal living room, 2 fully updated baths and a 1st floor primary bedroom with 2 additional bedrooms on the 2nd floor. Upon entering, there is an oversized mud room/laundry room and a separate office with it's own entrance.  Additionally, there is a fabulous guest/in-law apartment with two bedrooms, a new full bath, a new kitchen and a living/dining room area.  Plus! an attached barn and over-sized garden shed and spacious yard.
Unit Size
2,184 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$435
Property Type
House
Property Taxes
$473
HOA Dues
-
Year Built
1860

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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: 6 months ago (MLSPIN #73044530)

Price History

Date / Event Date Event Price
Nov 14, 2022 Sold
Premium
Sold
Oct 24, 2022 In contract -
In contract
Oct 21, 2022 Relisted $375,000
Relisted
Oct 13, 2022 In contract -
In contract
Oct 3, 2022 Listed by Coldwell Banker Realty - Gloucester $949,000
Listed by Coldwell Banker Realty - Gloucester
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 925
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,799
  • Total Building Area: 2,163
  • Gross Building Area: 4,484
  • Building Area: 2,163
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,163
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000248
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Rockport School District
  • School Tax School District: ROCKPORT SD
  • Census Tract: 220101

Zoning

  • Zoning: R3

Geography

  • Account Number: 3036
  • District: 252
  • Parcel: ROCK M:23 B:67
  • Block: 67
  • Lot: 67
  • Municipality: ROCKPORT
  • Latitude: 42.654
  • Longitude: -70.6158

    Address

  • Full Address: 3 Summer St
  • Address - House Number: 3
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Rockport
  • Carrier Code: C004
  • 4-Digit Zip Code: 2138
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $756,700

    Appraisal Valuation

  • Standard Deviation: 0.2238
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 68
  • Final Value: 961,365
  • High Value: 1,178,173
  • Low Value: 744,557

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $898,700
  • Assessed Land Value: $303,500
  • Assessed Improvements Value: $595,200

    Sales

  • Current Sale Contract Date: Nov 07, 2022
  • Current Sale Recording Date: Nov 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221114001710
  • Previous Sale Recording Date: Apr 27, 2010
  • Previous Sale Amount: $355,000
  • 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 Rockport

Stats & Trends

Median Asking:

$815,000

Sale Price/ft²

$588

Below Asking

0.03%

Average Days on Market

57

Average Home Size

2075 ft²

Average Home Age

142.1 years

Currently For Sale

17 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# 73044530

Frequently Asked Questions

When was property at 3 Summer Street built and last sold?
The property at 3 Summer Street was built in 1860 and last sold on Nov 7, 2022 for $949,000.
How much is this home worth?
The estimated value of the home located at 3 Summer Street is $947,247.
What are some comparable homes to 3 Summer Street?
There are currently no comparable homes to 3 Summer Street.
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