31 Summit Rd #18
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 |
|---|---|---|---|
| Jun 26, 2018 | Sold | ||
| Sold | |||
| Jun 22, 2017 | Listed by Keller Williams Realty Boston Northwest | $1,599,000 | |
| Listed by Keller Williams Realty Boston Northwest | |||
| | |||
|
Woodlands at Belmont Hill unit has a unique location and creates privacy from neighbors. 3 Bedroom, 3.5 Bath plus Office and Guest Room in Lower Level. Open concept floor plan ideal for entertaining, sound system throughout the house. Oversized deck and stone gas fireplace in beautiful spacious Living Room with cathedral ceilings. Gourmet Kitchen with top-of-the-line stainless steel appliances, including sub-zero fridge eat-in area with custom built-ins. First floor master bedroom suite with great view to wooden area, sliding door to deck with 2 walk-in closets and marble master bathroom with shower and Jacuzzi. Good size bedrooms on a second floor with big loft Finished walk-out lower level with Huge family room with kitchenette, full size windows and sliding doors, Sauna and Additional Guest room, a lot of storage space on all levels. Two car garage. House located just steps away from the Lone Tree Hill Belmont Conservation Land with walking trails.Walking distance to T and shopping
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| Oct 16, 2012 | Sold | ||
| Sold | |||
| May 9, 2012 | Listed by LMC Property Group | $1,275,000 | |
| Listed by LMC Property Group | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/22/2017
|
3 Bed
|
4 Bath
|
3834 ft²
|
$1,599,000
3 Bed
4 Bath
3834 ft²
|
$1,498,300
-6.30%
06/26/2018
|
Margarita Muzykina
LMC Property Group
| |
|
05/09/2012
|
4 Bed
|
4 Bath
|
3637 ft²
|
$1,275,000
4 Bed
4 Bath
3637 ft²
|
$1,245,000
-2.35%
10/16/2012
|
Ann Tarvezian
Coldwell Banker Realty - Belmont
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017