31 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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2024 | Sold | ||
| Sold | |||
| Jun 27, 2024 | In contract | - | |
| In contract | |||
| Jun 20, 2024 | Listed by Keller Williams Realty | $999,000 | |
| Listed by Keller Williams Realty | |||
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PRIME location!Classic 11 room Colonial on WOLLASTON HILL,adjacent to Furnace Brook Golf & features magnificent seasonal views of the Boston skyline.31 Summit Ave is the perfect blend of classic design&modern updates.Original crown molding,woodwork & hardwood flooring throughout. Grand entry has french doors that lead to living room w/fireplace & built-in cabinetry. Across the hall, another set of french doors lead to a formal dining room w/traditional built-in china cabinet. A classic swing door then opens to the large, modern kitchen w/granite counters, stainless appliances (gas cooking), ample cabinetry & dining area w/ skylights. Sunroom off kitchen currently serves as a play area. This main floor also includes a 1/2 bath & private sunroom overlooking the backyard.2nd floor has 4 beds & full bath&3rd floor has 5th bedroom&bonus area.Lower level includes family room,laundry&full bath.Large lot with in-ground salt water/heated pool & stunning outdoor entertainment area.Welcome home!
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| Jul 27, 2018 | Sold | ||
| Sold | |||
| Jun 7, 2018 | Listed by Keller Williams Realty | $699,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017