48 Summit Ave #3
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 |
|---|---|---|---|
| Aug 10, 2022 | Sold | ||
| Sold | |||
| Jun 7, 2022 | Listed by Unlimited Sotheby's International Realty | $1,399,000 | |
| Listed by Unlimited Sotheby's International Realty | |||
| | |||
|
At the heart of Coolidge corner and minutes from Washington Square, this newly renovated, 1,550 sq.ft., top level unit offers 3 bedrooms and 2 full baths. The main living area features a sleek, white eat-in kitchen that opens to the living/dining room. There is also a formal living room along with a private study, that could be used as a guest room. Other features include: high ceilings, period details, in unit washer/dryer, new electrical wiring throughout, new plumbing in the kitchen and both bathrooms and 2-car, side-by-side deeded parking! Two large private storage spaces in the basement. Common roof deck with spectacular views of Boston! Convenient to ‘T’, Driscoll school, shops, restaurants, library, Longwood Medical Area, Trader Joe's, Whole Foods, and many parks. Professionally managed building, pet-friendly association. Move right in and make it your new home.
| |||
| Nov 21, 2016 | Sold | ||
| Sold | |||
| Sep 16, 2016 | Listed by Castles Unlimited® | $950,000 | |
| Listed by Castles Unlimited® | |||
| Jun 1, 2010 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/07/2022
|
3 Bed
|
2 Bath
|
1550 ft²
|
$1,399,000
3 Bed
2 Bath
1550 ft²
|
$1,365,000
-2.43%
08/10/2022
|
Osnat Levy
Unlimited Sotheby's International Realty
| |
|
09/16/2016
|
3 Bed
|
2 Bath
|
1550 ft²
|
$950,000
3 Bed
2 Bath
1550 ft²
|
$945,000
-0.53%
11/21/2016
|
Roman Reznikov
Castles Unlimited®
| |
|
03/16/2012
|
3 Bed
|
2 Bath
|
1495 ft²
|
$675,000
3 Bed
2 Bath
1495 ft²
|
$662,500
-1.85%
06/04/2012
|
The Power of Two Holly & Jerry
Classic Realty
| |
|
03/16/2010
|
3 Bed
|
2 Bath
|
1550 ft²
|
$659,000
3 Bed
2 Bath
1550 ft²
|
$675,000
+2.43%
06/01/2010
|
Pat Nelson
| |
|
09/10/2004
|
3 Bed
|
2 Bath
|
1550 ft²
|
$645,000
3 Bed
2 Bath
1550 ft²
|
$615,000
-4.65%
11/17/2004
|
Scott Goldsmith
| |
|
08/29/2003
|
3 Bed
|
2 Bath
|
1485 ft²
|
$529,000
3 Bed
2 Bath
1485 ft²
|
$507,500
-4.06%
11/10/2003
|
Elane Fine
William Raveis R. E. & Home Services
| |
|
03/25/2003
|
3 Bed
|
2 Bath
|
1550 ft²
|
$579,900
3 Bed
2 Bath
1550 ft²
|
$579,900
05/14/2003
|
Olga Lysenko
Keller Williams Realty Boston Northwest
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017