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Essex 01966
4 Summit Avenue
Photo of 4 Summit Avenue
Sold on Mar 31, 2008

1

Map

$460,000
● House - Off Market

4 Summit Avenue

Rockport, MA 01966
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,000 Ft²
$891,050
RealtyHop Estimate
85.67%
Since Apr 1, 2008
National-US
Primary Model

About This Property

Beautiful and spacious Village Colonial - 3 bedrooms, 2 1/2 baths.  Fabulous country kitchen, formal living room & dining room, first floor den & office.  Lovely hardwood floors - PLUS - one bedroom in-law apartment with fireplaced living room with separate entrance.  Two-car detached garage, walk to beaches, train, town & restaurants.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$240
Property Type
House
Property Taxes
$294
HOA Dues
-
Year Built
1850

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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: 5 months ago (MLSPIN #70604697)

Price History

Date / Event Date Event Price
Apr 9, 2010 Sold
Premium
Sold
Apr 13, 2009 Listed $425,000
Listed
Mar 31, 2008 Sold
Premium
Sold
Jun 26, 2007 Listed $479,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,125
  • Total Building Area: 1,773
  • Gross Building Area: 2,961
  • Building Area: 1,773
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,773
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000095
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Rockport School District
  • School Tax School District: ROCKPORT SD
  • Census Tract: 220102

Zoning

  • Zoning: R3

Geography

  • Account Number: 874
  • District: 252
  • Parcel: ROCK M:11 B:40
  • Block: 40
  • Lot: 40
  • Municipality: ROCKPORT
  • Latitude: 42.6578
  • Longitude: -70.6269

    Address

  • Full Address: 4 Summit Ave
  • Address - House Number: 4
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Rockport
  • Carrier Code: C007
  • 4-Digit Zip Code: 1411
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $607,100

    Appraisal Valuation

  • Standard Deviation: 0.2143
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 767,316
  • High Value: 931,826
  • Low Value: 602,805

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $721,000
  • Assessed Land Value: $299,500
  • Assessed Improvements Value: $421,500

    Sales

  • Current Sale Recording Date: Apr 09, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 31, 2008
  • Previous Sale Amount: $460,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2530 ft²

Average Home Age

72.6 years

Currently For Sale

1479 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70604697

Frequently Asked Questions

When was property at 4 Summit Avenue built and last sold?
The property at 4 Summit Avenue was built in 1850 and last sold on Jan 1, 1970 for $405,000.
How much is this home worth?
The estimated value of the home located at 4 Summit Avenue is $448,584.
What are some comparable homes to 4 Summit Avenue?
There are currently no comparable homes to 4 Summit Avenue.
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