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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%.
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 |
|---|---|---|---|
| Oct 23, 2015 | Sold | ||
| Sold | |||
| May 18, 2015 | Listed by Coldwell Banker Realty - Cambridge | $512,000 | |
| Listed by Coldwell Banker Realty - Cambridge | |||
| | |||
|
Don't miss out on this wonderful opportunity to own a great condo with views of the Boston Skyline from the top of the hill in one of Somervilles most prized Victorian locations. Property needs some updating. Don't wait on this one! Please Note: If this property is under contract within 30 days, the selling agent will be paid a 1,500.00 bonus upon the closing of the property. If the property goes under contract within 31 to 90 days; the selling agnet will be paid a 1,000.00 Bonus upon the closing of the property. Bonus is only paid if the property closes. Please refer to firm remarks for submitting offers. Please see showing instructions for showings.
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| 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
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