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Holbrook 02343
48 Summit Road
$365,000
● House - Off Market

48 Summit Road

Holbrook, MA 02343
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,760 Ft²
$383,857
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

This 7-room Cape is looking for new owners to love it and make it their own! The 3-bedroom, 1 1/2 bath, single family home is situated on a 10,000 sq. ft. lot in a quiet neighborhood. Great location, close to shopping, restaurants, commuter rail/bus line and highway access. With renovations and some hard work, this lovely home could become the one you have waited for!  Contractors, Builders and Investors welcome! Home is being sold AS IS condition. OPEN HOUSE:  SUNDAY, OCTOBER 30TH 11 AM - 1PM
Unit Size
1,760 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$203
Property Type
House
Property Taxes
$478
HOA Dues
-
Year Built
1950

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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 #73053243)

Price History

Date / Event Date Event Price
Dec 21, 2022 Sold
Premium
Sold
Nov 4, 2022 In contract -
In contract
Oct 28, 2022 Listed by William Raveis R.E. & Home Services $357,000
Listed by William Raveis R.E. & Home Services
Jun 3, 2008 Sold
Premium
Sold
Mar 4, 2008 Listed by William Raveis R.E. & Home Services $269,000
Listed by William Raveis R.E. & Home Services
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 775
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 1,760
  • Gross Building Area: 3,109
  • Building Area: 1,760
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,760
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Holbrook School District
  • School Tax School District: HOLBROOK SD
  • Census Tract: 421100

Zoning

  • Zoning: R3

Geography

  • Parcel: HOLB M:40 L:240-00-0
  • Lot: 240--0
  • Municipality: HOLBROOK
  • Latitude: 42.1369
  • Longitude: -71.0188

    Address

  • Full Address: 48 Summit Rd
  • Address - House Number: 48
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Holbrook
  • Carrier Code: C011
  • 4-Digit Zip Code: 2139
  • Zip Code: 02343

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $613,000

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 499,403
  • High Value: 590,129
  • Low Value: 408,677

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $398,600
  • Assessed Land Value: $187,600
  • Assessed Improvements Value: $211,000

    Sales

  • Current Sale Contract Date: Dec 21, 2022
  • Current Sale Recording Date: Dec 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 106742
  • Previous Sale Recording Date: Jun 03, 2008
  • Previous Sale Amount: $262,000
  • 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 Holbrook

Stats & Trends

Median Asking:

$549,000

Sale Price/ft²

$377

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1942 ft²

Average Home Age

68.1 years

Currently For Sale

22 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73053243

Frequently Asked Questions

When was property at 48 Summit Road built and last sold?
The property at 48 Summit Road was built in 1950 and last sold on Dec 21, 2022 for $365,000.
How much is this home worth?
The estimated value of the home located at 48 Summit Road is $370,670.
What are some comparable homes to 48 Summit Road?
There are currently no comparable homes to 48 Summit Road.
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