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Waltham 02451 Highlands
40 Summit St
$333,000
● House - Off Market

40 Summit St

Waltham, MA 02451
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,899 Ft²
$736,817
RealtyHop Estimate
119.36%
Since Mar 1, 2012
MA-Boston
Primary Model

About This Property

Highly sought-after Waltham Highlands Area!!    Estate sale!!   Priced to sell.   This colonial-style home in need of cosmetic help, features a spacious eat-in kitchen, hard wood flooring, 24x8 three-season enclosed porch, heated basement room with walk-out, oversized detached 2-car garage and a  totally fenced-in yard.
Unit Size
1,899 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$177
Property Type
House
Property Taxes
$396
HOA Dues
-
Year Built
1903

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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 months ago (MLSPIN #71306595)

Price History

Date / Event Date Event Price
Feb 17, 2012 Sold
Premium
Sold
Nov 1, 2011 Listed by Century 21 Commonwealth $335,900
Listed by Century 21 Commonwealth

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1903
  • Effective Year Built: 1903
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 780
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,233
  • Total Building Area: 1,899
  • Gross Building Area: 2,826
  • Building Area: 1,899
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,899
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Waltham School District
  • School Tax School District: WALTHAM SD
  • Census Tract: 368200

Zoning

  • Zoning: 1

Geography

  • Account Number: 108341
  • Parcel: WALT M:050 B:016 L:0015
  • Block: 16
  • Lot: 15
  • Municipality: WALTHAM
  • Latitude: 42.3834
  • Longitude: -71.2487

    Address

  • Full Address: 40 Summit St
  • Address - House Number: 40
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: MA
  • City Name: Waltham
  • Carrier Code: C014
  • 4-Digit Zip Code: 0753
  • Zip Code: 02451

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $657,200

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 777,019
  • High Value: 903,359
  • Low Value: 650,679

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $681,700
  • Assessed Land Value: $412,900
  • Assessed Improvements Value: $268,800

    Sales

  • Current Sale Recording Date: Feb 17, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000003
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 Highlands

Stats & Trends

Median Asking:

$799,900

Sale Price/ft²

$494

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1470 ft²

Average Home Age

78 years

Currently For Sale

1 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

Unit for rent at 70 Hope Ave, Waltham, MA, 02453

$3,553 /mo

  • 2 Beds
  • 2 Baths
  • 1,111 ft²
70 Hope Ave #Hampshire, Waltham, MA, 02453 Listing by Equity Residential
Unit for rent at 237 Moody St., Waltham, MA, 02453

$3,400 /mo

  • 2 Beds
  • 2 Baths
  • 1,101 ft²
237 Moody St. #2 Bedrooms H, Waltham, MA, 02453 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71306595

Frequently Asked Questions

When was property at 40 Summit Street built and last sold?
The property at 40 Summit Street was built in 1903 and last sold on Jan 1, 1970 for $333,000.
How much is this home worth?
The estimated value of the home located at 40 Summit Street is $376,351.
What are some comparable homes to 40 Summit Street?
There are currently no comparable homes to 40 Summit Street.
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