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Hingham 02043
3 Summit Drive
$315,000
● House - Off Market

3 Summit Drive

Hingham, MA 02043
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$786,272
RealtyHop Estimate
149.61%
Since Aug 1, 2001
MA-Boston
Primary Model

About This Property

LOCATION, LOCATION, LOCATION, CHARMING HOME SITUATED IN ATTRACTIVE FAMILY NEIGHBORHOOD ON QUIET CUL-DE-SAC. FIREPLACED LIVING ROOM, HARDWOOD FLOORS THROUGHOUT, NICE LARGE YARD, ON TOWN SEWER. CLOSE TO COMMUTOR BOAT.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$298
Property Type
House
Property Taxes
$261
HOA Dues
-
Year Built
1955

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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: 4 years ago (MLSPIN #30511094)

Price History

Date / Event Date Event Price
Apr 13, 2016 Sold
Premium
Sold
Jul 31, 2001 Sold
Premium
Sold
Jun 3, 2001 Listed $315,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 500
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,346
  • Total Building Area: 1,223
  • Gross Building Area: 2,575
  • Building Area: 1,223
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,223
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000306
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hingham School District
  • School Tax School District: HINGHAM SD
  • Census Tract: 501102

Geography

  • Account Number: 1310480000000830
  • Parcel: HING M:48 B:0 L:83
  • Lot: 83
  • Municipality: HINGHAM
  • Latitude: 42.2469
  • Longitude: -70.9056

    Address

  • Full Address: 3 Summit Dr
  • Address - House Number: 3
  • Address - Street Name: Summit
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Hingham
  • Carrier Code: C028
  • 4-Digit Zip Code: 2173
  • Zip Code: 02043

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $797,200

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 895,113
  • High Value: 1,060,181
  • Low Value: 730,045

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $797,200
  • Assessed Land Value: $556,800
  • Assessed Improvements Value: $240,400

    Sales

  • Current Sale Recording Date: Apr 13, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 29177
  • Previous Sale Recording Date: Sep 17, 2010
  • Previous Sale Document Type: 48
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 Hingham

Stats & Trends

Median Asking:

$1,524,000

Sale Price/ft²

$614

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2526 ft²

Average Home Age

174 years

Currently For Sale

15 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: 4 years ago
Data Source: MLS PIN, MLS# 30511094

Frequently Asked Questions

When was property at 3 Summit Drive built and last sold?
The property at 3 Summit Drive was built in 1955 and last sold on Jan 1, 1970 for $320,000.
How much is this home worth?
The estimated value of the home located at 3 Summit Drive is $0.
What are some comparable homes to 3 Summit Drive?
There are currently no comparable homes to 3 Summit Drive.
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