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Essex
348 Summer St
$415,000
● House - Off Market

348 Summer St

Manchester, MA 01944
bedrooms
4 Beds
bathrooms
3 Baths
square feet
4,300 Ft²
$1,751,812
RealtyHop Estimate
281.66%
Since Feb 1, 1996
National-US
Primary Model

About This Property

SPACIOUS SUNNY CONT., CATH CEIL IN LVRM. AU-PAIR OR GUEST FAM RM OFF KIT MASTER MULTI-DECKS. WALK TO 2 BEACHES LG FOYER LIBRARY WITH FP, BREEZEWAY, STORAGE OVER GAR.
Unit Size
4,300 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$107
Property Type
House
Property Taxes
$37
HOA Dues
-
Year Built
1988

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 4 years ago (MLSPIN #30006389)

Price History

Date / Event Date Event Price
Jan 26, 1996 Sold
Premium
Sold
Sep 1, 1994 Listed by Coldwell Banker Realty - Manchester $459,000
Listed by Coldwell Banker Realty - Manchester
Oct 2, 1989 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,190
  • Total Building Area: 3,639
  • Gross Building Area: 4,455
  • Building Area: 3,639
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,639
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000670
  • 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: A

Geography

  • District: 166
  • Parcel: MANC M:0034 B:0000 L:0015
  • Lot: 15
  • Municipality: MANCHESTER
  • Latitude: 42.5815
  • Longitude: -70.7403

    Address

  • Full Address: 348 Summer St
  • Address - House Number: 348
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Manchester
  • Carrier Code: C005
  • 4-Digit Zip Code: 1541
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,039,700

    Appraisal Valuation

  • Standard Deviation: 0.1531
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 1,379,836
  • High Value: 1,591,147
  • Low Value: 1,168,525

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,112,000
  • Assessed Land Value: $532,800
  • Assessed Improvements Value: $579,200

    Sales

  • Current Sale Recording Date: Jan 26, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 02, 1989
  • Previous Sale Amount: $93,000
  • Previous Sale Document Type: 27
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:

$699,500

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2549 ft²

Average Home Age

72.5 years

Currently For Sale

1472 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30006389

Frequently Asked Questions

When was property at 348 Summer Street built and last sold?
The property at 348 Summer Street was built in 1988 and last sold on Jan 1, 1970 for $415,000.
How much is this home worth?
The estimated value of the home located at 348 Summer Street is $522,478.
What are some comparable homes to 348 Summer Street?
There are currently no comparable homes to 348 Summer Street.
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