$2,275,000
●
Condo -
Off Market
49 Summit Ave #1
Brookline, MA 02446
4 Beds
3 Baths,
1
Half Bath
2,878 Ft²
$12,630
Est. Monthly
$400
HOA / Fees
1.88%
Cap Rate
About This Property
Rare opportunity to own a recently gut-renovated 4 bedroom, 2.5
bathroom, duplex atop highly-coveted Summit Hill. The gorgeous
kitchen features a Wolf stove & a Sub-Zero refrigerator. An open
floor plan consisting of a beautiful dining room surrounded by
large windows, an inviting living room with a gas fireplace, and
seasonal views of Boston's skyline welcome you to this alluring
home. Soaring ceilings, handsome hardwood floors, large bedrooms &
beautiful marble modern bathrooms add to the modern elegance of
this home. A den leads out to your private patio & a big, fenced-in
yard. Plus central AC, a laundry room & multiple storage areas.
There are 2 convenient side by side parking spaces. This home is in
a buffer zone for the newly renovated Driscoll School & Florida
Ruffin Ridley School. Short stroll to Coolidge Corner & Washington
Sq which are filled with vibrant shops & restaurants; & close to
the C line. Easy access to Boston & Longwood Medical area.
Unit Size
2,878 Ft²
Days on Market
-
Land Size
-
Price per sqft
$780
Property Type
Condo
Property Taxes
$1,206
HOA Dues
$400
Year Built
-
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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: 3 years ago (MLSPIN #73166191)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 7, 2023 | Sold | ||
| Sold | |||
| Oct 7, 2023 | In contract | - | |
| In contract | |||
| Oct 3, 2023 | Listed by Coldwell Banker Realty - Brookline | $2,245,000 | |
| Listed by Coldwell Banker Realty - Brookline | |||
| Sep 12, 2014 | Sold | ||
| Sold | |||
| Jul 18, 2014 | Listed by Gracey Real Estate | $1,599,000 | |
| Listed by Gracey Real Estate | |||
| | |||
|
Outstanding gut renovation of a two-unit residence with an abundance of windows, open floor plan. High end finished throughout. State-of-the-art kitchen with Wolf six-burner stove and Sub-Zero refrigerator. Two and one-half designer marble bathrooms, front porch, back patio and fenced-in landscape yard. Great alternative for a single family home. Two-zone of heat and central air conditioning and one car parking space. Great location near Coolidge Corner and Washington Square.
| |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Interior Details
Area: 114.46
Features: Bathroom - Full, Bathroom - Double Vanity/Sink
Length: 9.7
Width: 11.8
Area: 191.25
Length: 12.5
Features: Flooring - Hardwood
Width: 15.3
Width: 12.1
Features: Flooring - Hardwood
Length: 23.1
Area: 279.51
Features: Flooring - Hardwood
Width: 13.3
Length: 15.4
Area: 204.82
Width: 10.6
Length: 23.1
Features: Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Gas Stove
Area: 244.86
Length: 19.2
Area: 293.76
Features: Flooring - Hardwood
Width: 15.3
Features: Flooring - Hardwood
Width: 15.3
Length: 20.11
Area: 307.683
Area: 81.9921
Width: 10.11
Features: Bathroom - Full, Bathroom - Double Vanity/Sink
Length: 8.11
Length: 9.6
Features: Flooring - Hardwood, Exterior Access
Width: 15.3
Area: 146.88
Features: Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Length: 15.9
Width: 19
Area: 302.1
Features: Bathroom - Half
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Closet - Walk-in, Entrance Foyer
Appliances: Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer, Range Hood, Utility Connections for Gas Range
Flooring Type: Tile, Hardwood
Laundry Features: In Unit
Rooms: 7
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Parking Features: Deeded
Exterior Details
Has Property Attached
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: 49 Summit Avenue Condominium
Structure Type: Attached
Stories (Total): 2
Building Area Units: Square Feet
Patio and Porch Features: Deck - Exterior, Patio, Covered
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: 102
Parcel Number: B:085 L:0055 S:0001, 4941020
Water Source: Public
Financial Details
Tax Assessed Value: $1,761,200
Tax Annual Amount: $14,471
Utilities Details
Utilities: for Gas Range
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Association Fee Frequency: Monthly
HOA Fee: $400
Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Private School, Public School, T-Station, University
Pets Allowed: Yes w/ Restrictions
Management: Owner Association
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/03/2023
|
4 Bed
|
3 Bath
|
2878 ft²
|
$2,245,000
4 Bed
3 Bath
2878 ft²
|
$2,275,000
+1.34%
12/07/2023
|
Amy Lipton
Coldwell Banker Realty - Brookline
| |
|
03/15/2016
|
3 Bed
|
3 Bath
|
3056 ft²
|
$1,685,000
3 Bed
3 Bath
3056 ft²
|
$1,665,000
-1.19%
05/31/2016
|
Matthew Sullivan
Lamacchia Realty, Inc.
| |
|
07/18/2014
|
4 Bed
|
3 Bath
|
2878 ft²
|
$1,599,000
4 Bed
3 Bath
2878 ft²
|
$1,640,000
+2.56%
09/12/2014
|
Mona Wiener
Hammond Residential Real Estate
| |
|
07/18/2014
|
4 Bed
|
3 Bath
|
3056 ft²
|
$1,599,999
4 Bed
3 Bath
3056 ft²
|
$1,590,000
-0.62%
11/24/2014
|
Mona Wiener
Hammond Residential Real Estate
| |
|
06/18/2013
| |
5 Bed
|
3 Bath
|
4391 ft²
|
$1,199,000
5 Bed
3 Bath
4391 ft²
|
$1,407,000
+17.35%
07/30/2013
|
Judith Paradis
Compass
|
Building Info
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