501 Summit St
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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 24, 2018 | Sold | ||
| Sold | |||
| Mar 25, 2018 | Listed by Fathom Realty MA | $240,000 | |
| Listed by Fathom Realty MA | |||
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This home features a newly remodeled kitchen with high-end appliances AND custom counter tops. The kitchen and baths have been stripped to the studs and rehabbed in 2016 with attention to detail to arrive at a high end modern living area. On the Fall River / Tiverton line this home has a 1500 sq ft open floor plan complete with 3 bedrooms, 2 full baths. The home is heated with a brand new, 96% energy efficient wall mounted on demand heating system and hot water tank. Brand NEW roof installed in 2016 for years of worry free use. NEW electrical devices on every wall. NEW bay window installed in 2016. And, if you think that sounds to good to be true you should see the sunset views of Mount Hope Bay from your upper deck! VALUE RANGE PRICING: Seller will consider all offers between 240,000 to 260,000. PRICED TO SELL ASAP!! Make your offer and grab this property before the next person does.
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| Feb 29, 2016 | Sold | ||
| Sold | |||
| Jun 16, 2015 | Listed by Trident Realty Group | $124,900 | |
| Listed by Trident Realty Group | |||
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$$$$ PRICE REDUCED, GET INSIDE THIS HOME NOW BEFORE IT IS SOLD $$$$$$$ FOLLOW SHOWING INSTRUCTIONS - Offers should include proof of funds (if cash offer) or pre-approval (if financing) and will be required for final acceptance. Great south end location for this single family cottage with some amazing water views. Located at the top of Summit St this home has some great views of the bay. This location has easy access to Tiverton, and all Fall River amenities such as schools, shopping, downtown and local/area highways. The exterior of the home has vinyl siding, off street parking and a nice second floor deck. This first floor of this home has a nice size kitchen, double living room, one bedroom and a full bathroom. The second floor has two additional bedrooms, including a master with nice size deck and a second full bathroom.
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| Oct 3, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017