32 Summit Ave #32
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%.
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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 |
|---|---|---|---|
| Oct 23, 2015 | Sold | ||
| Sold | |||
| May 18, 2015 | Listed by Coldwell Banker Realty - Cambridge | $512,000 | |
| Listed by Coldwell Banker Realty - Cambridge | |||
| Jun 30, 2005 | Sold | ||
| Sold | |||
| May 27, 2005 | Listed by Senné | $449,900 | |
| Listed by Senné | |||
| | |||
|
Space, space and more space. Spread out in this spacious Mansard Victorian Duplex. Enjoy the Boston Skyline and treetop views from atop the hill in one of Somerville's most prized Victorian neighborhoods. Recent work includes heating, elctrical, roof, active basement system by Basement Technologies! Newly finished gleaming hardwood floors and fresh paint await your kitchen and bath updates. Move right in!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/18/2015
|
3 Bed
|
1 Bath
|
2092 ft²
|
$512,000
3 Bed
1 Bath
2092 ft²
|
$485,000
-5.27%
10/23/2015
|
John Barmon
Coldwell Banker Realty - Cambridge
| |
|
05/27/2005
|
4 Bed
|
1 Bath
|
2092 ft²
|
$449,900
4 Bed
1 Bath
2092 ft²
|
$461,000
+2.47%
06/30/2005
|
Christopher Andrews
Senné
|
Building Info
About Prospect Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017