$750,000
●
Multifamily -
Off Market
38 Summit Ave
Everett, MA 02149
5 Beds
4 Baths
2,764 Ft²
$1,007,032
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model
About This Property
BEAUTIFUL, BEAUTIFUL, BEAUTIFUL 2-FAMILY IN A DESIRABLE LOCATION.
Current owner's unit boasts 5 bedrooms and 3 full baths. It has
been tastefully renovated throughout with tremendous attention to
detail and red oak hardwood flooring. Master bedroom features
plenty of closet space and a handsome bathroom with glass shower.
The kitchen boats new cabinets, stainless steel appliances, granite
counter tops, and hardwood flooring. Also features CENTRAL AIR.
Roof, heating system, central air all updated in 2015 along with
updated foam insulation for efficiency. Outside there is a sunny
deck area and a spacious driveway for off-street parking. First
floor currently has a long term tenant at will or can be delivered
vacant. Come see this wonderful property for yourself before it's
gone.
Unit Size
2,764 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$246
Property Type
Multifamily
Property Taxes
$592
HOA Dues
-
Year Built
1900
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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 #72334747)
Price History
Property Highlights
Parking Available
Parking Details
Parking Features: Off Street
Interior Details
Full Bathrooms: 4
Interior Features: Unit 2(Stone/Granite/Solid Counters, Upgraded Countertops), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room)
Appliances: Unit 1(Range, Microwave, Refrigerator), Unit 2(Range, Dishwasher, Refrigerator), Gas Water Heater
Flooring Type: Wood, Tile, Unit 1(undefined), Unit 2(Hardwood Floors)
Rooms: 12
Basement: Full
Exterior Details
Property Condition: Unit 2 Remodeled
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck, Deck - Wood
Lead Paint: Unknown
Lot Features: Corner Lot
Lot Size Area: 0.09
Lot Size Units: Acres
Lot Size Acres: 0.09
Zoning: DD
Parcel Number: M:N0 B:06 L:000037, 485955
Water Source: Public
Financial Details
Tax Assessed Value: $515,700
Tax Annual Amount: $7,106
Utilities Details
Cooling Type: Unit 1(None), Unit 2(Central Air)
Heating Type: Unit 1(Forced Air, Gas), Unit 2(Central Heat, Forced Air, Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Laundromat, House of Worship, Public School
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/29/2018
| |
5 Bed
|
4 Bath
|
2764 ft²
|
$679,900
5 Bed
4 Bath
2764 ft²
|
$750,000
+10.31%
06/27/2018
|
Gercilaine DeSouza
Allison James Estates & Homes of MA, LLC
|
|
08/13/2005
| |
5 Bed
|
3 Bath
|
3419 ft²
|
$459,900
5 Bed
3 Bath
3419 ft²
|
$459,900
03/31/2006
|
Ralph Lanzetta
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017