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Boston 02136 Fairmount Hills
45 Summit St
$575,000
● House - Off Market

45 Summit St

Boston, MA 02136
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,015 Ft²
$635,391
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

Don't miss this charming ranch in the desirable Fairmount Hill area of Hyde Park. Lovingly maintained with updated roof and a beautifully renovated bath. The large eat in kitchen has granite counters and opens to the 3 season porch which overlooks the backyard.  The living room has a fireplace and large window to let the sunshine in.3 bedrooms with plenty of closet space. The lower level has a bonus room which could be used as a family room, home gym, office or any other idea you may have. Washer dryer hook ups are in the lower level as well as a ton of additional storage. Convenient to the Fairmount Commuter Rail station and MBTA bus stops.
Unit Size
1,015 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$589
Property Type
House
Property Taxes
$395
HOA Dues
-
Year Built
1951

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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 #73015516)

Price History

Date / Event Date Event Price
Oct 13, 2022 Sold
Premium
Sold
Jul 21, 2022 Listed by Houston Real Estate $598,000
Listed by Houston Real Estate
Jul 31, 1995 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,181
  • Total Building Area: 1,015
  • Gross Building Area: 2,365
  • Building Area: 1,015
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,015
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Boston School District
  • Census Tract: 140202

Zoning

  • Zoning: R1

Geography

  • Parcel: HYDE W:18 P:10890 S:020
  • Municipality: BOSTON-HYDE PARK
  • Latitude: 42.2513
  • Longitude: -71.1112

    Address

  • Full Address: 45 Summit St
  • Address - House Number: 45
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: MA
  • City Name: Hyde Park
  • Carrier Code: C001
  • 4-Digit Zip Code: 4042
  • Zip Code: 02136

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $505,300

    Appraisal Valuation

  • Standard Deviation: 0.1823
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 573,059
  • High Value: 677,535
  • Low Value: 468,584

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $470,500
  • Assessed Land Value: $216,200
  • Assessed Improvements Value: $254,300

    Sales

  • Current Sale Contract Date: Oct 13, 2022
  • Current Sale Recording Date: Oct 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 85372
  • Previous Sale Recording Date: Jul 31, 1995
  • Previous Sale Amount: $134,000
  • 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 Hyde Park

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$418

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2005 ft²

Average Home Age

77.4 years

Currently For Sale

46 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 1201 River St, Other, MA, 02136

$1,530 /mo

  • 1 Bed
  • 1 Bath
1201 River St, Other, MA, 02136 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73015516

Frequently Asked Questions

When was property at 45 Summit Street built and last sold?
The property at 45 Summit Street was built in 1951 and last sold on Oct 13, 2022 for $575,000.
How much is this home worth?
The estimated value of the home located at 45 Summit Street is $593,812.
What are some comparable homes to 45 Summit Street?
There are currently no comparable homes to 45 Summit Street.
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