348 Summit Street #A
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 |
|---|---|---|---|
| Jul 10, 2023 | Sold | ||
| Sold | |||
| May 16, 2023 | In contract | - | |
| In contract | |||
| May 8, 2023 | Listed by Keller Williams South Watuppa | $359,900 | |
| Listed by Keller Williams South Watuppa | |||
| | |||
|
Updated turnkey 3 bed 2 bath home with finished walkout in-law basement and an amazing water view! Located close to Tiverton line. Watch the sunset on a covered deck & heated sun room which overlook the river with unobstructed views of the water. Remodeled kitchen with granite counters and SS appliances. Spacious living room leading onto sunroom and large covered deck. 3 bedrooms with hardwood flooring and an updated bathroom on the main level. Finished in-law setup in basement with 2nd kitchen, bathroom and slider walkout to a patio. The basement also features a nice laundry area, plenty of storage space and access to the garage. Many recent updates including new windows, roof, kitchen, bath, deck, water tank, light fixtures, and more. The property has more than a half an acre of land with a nice yard to enjoy and a shed for each unit. Dogs and cats allowed. Rare opportunity to own an updated condo that feels like a single family and has one of the best water views in the city.
| |||
| Feb 10, 2017 | Sold | ||
| Sold | |||
| Oct 31, 2016 | Listed by eXp Realty | $206,900 | |
| Listed by eXp Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/08/2023
|
3 Bed
|
2 Bath
|
1296 ft²
|
$359,900
3 Bed
2 Bath
1296 ft²
|
$380,000
+5.58%
07/10/2023
|
Lori Camara
Lion Gate Real Estate, Inc.
| |
|
10/31/2016
|
3 Bed
|
2 Bath
|
1278 ft²
|
$206,900
3 Bed
2 Bath
1278 ft²
|
$206,900
02/10/2017
|
Roland Patenaude
First Choice Patenaude R.E.
| |
|
08/15/2016
|
3 Bed
|
1 Bath
|
1848 ft²
|
$279,900
3 Bed
1 Bath
1848 ft²
|
$279,900
04/14/2017
|
Roland Patenaude
First Choice Patenaude R.E.
| |
|
06/26/2016
|
3 Bed
|
3 Bath
|
2744 ft²
|
$311,900
3 Bed
3 Bath
2744 ft²
|
$309,000
-0.93%
02/03/2017
|
Roland Patenaude
First Choice Patenaude R.E.
| |
|
05/31/2015
| |
3 Bed
|
1 Bath
|
1278 ft²
|
$149,900
3 Bed
1 Bath
1278 ft²
|
$130,000
-13.28%
09/01/2015
|
Todd Benevides
Clockhouse Realty, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017