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Essex
306 Summer Street
Photo of 306 Summer Street
Sold on Dec 3, 2010

1

Map

$1,243,000
● House - Off Market

306 Summer Street

Manchester, MA 01944
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
5,365 Ft²
$3,105,806
RealtyHop Estimate
123.44%
Since Jan 1, 2011
National-US
Primary Model

About This Property

Nearly six acres of private, beautifully manicured grounds await you at this gracious Colonial residence.  Enjoy the sound of the waterfall as you dine al fresco on the stone patio.  Enter to beautiful historic details including four fireplaces, wide pine floors, deep moldings, wainscoting and window seats, all enhanced by upgrades made for modern living.  Near Black and White Beaches and with access to nationally-acclaimed Manchester-Essex Regional schools.
Unit Size
5,365 Ft²
Days on Market
-
Land Size
5.79 acres
Price per sqft
$259
Property Type
House
Property Taxes
$1,050
HOA Dues
-
Year Built
1938

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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: 12 months ago (MLSPIN #71066255)

Price History

Date / Event Date Event Price
Dec 3, 2010 Sold
Premium
Sold
Apr 16, 2010 Listed by Coldwell Banker Residential Brokerage - Manchester $1,390,000
Listed by Coldwell Banker Residential Brokerage - Manchester
Dec 19, 1995 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 6
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 414
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 252,347
  • Total Building Area: 5,950
  • Gross Building Area: 7,019
  • Building Area: 5,950
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 5,950
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHESTER E & ELEANOR S CLARK
  • Land Acres: 0000005793
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Manchester Essex Regional School District
  • School Tax School District: MANCHSTR ESSEX
  • Census Tract: 218100

Zoning

  • Zoning: C

Geography

  • District: 166
  • Parcel: MANC M:0010 B:0000 L:0003
  • Lot: 3
  • Municipality: MANCHESTER
  • Latitude: 42.5789
  • Longitude: -70.7462

    Address

  • Full Address: 306 Summer St
  • Address - House Number: 306
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Manchester
  • Carrier Code: C005
  • 4-Digit Zip Code: 1539
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,890,900

    Appraisal Valuation

  • Standard Deviation: 0.1965
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 2,444,786
  • High Value: 2,819,185
  • Low Value: 2,070,386

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,022,400
  • Assessed Land Value: $869,300
  • Assessed Improvements Value: $1,153,100

    Sales

  • Current Sale Recording Date: Dec 03, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 19, 1995
  • Previous Sale Amount: $665,000
  • Previous Sale Document Type: 43
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 Essex

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2521 ft²

Average Home Age

73.7 years

Currently For Sale

1419 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: 12 months ago
Data Source: MLS PIN, MLS# 71066255

Frequently Asked Questions

When was property at 306 Summer Street built and last sold?
The property at 306 Summer Street was built in 1938 and last sold on Jan 1, 1970 for $1,243,000.
How much is this home worth?
The estimated value of the home located at 306 Summer Street is $0.
What are some comparable homes to 306 Summer Street?
There are currently no comparable homes to 306 Summer Street.
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