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Arlington 02474 Arlington Heights
509 Summer Street
$682,500
● House - Off Market

509 Summer Street

Arlington, MA 02474
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,152 Ft²
$703,217
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

BACK ON MARKET due to change in Buyer circumstance. What an opportunity to own in Arlington with all it has to offer! Charming Cape in great neighborhood just steps to bus line, Minuteman bike path, Ed Burns Ice Arena and McClennan Park. This home offers 3-4 bedrooms to suit all your needs. Complete one level living available with hardwood floors, and tiled walk in shower. Second level could be bedrooms, playroom or even home office with additional half bath. Bright basement with high ceilings and great potential. Newer front porch with composite decking and railings. Flat yard perfect for gardening or entertaining.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$608
Property Type
House
Property Taxes
$524
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 #73093114)

Price History

Date / Event Date Event Price
Nov 2, 2023 Sold
Premium
Sold
May 30, 2023 Sold
Premium
Sold
May 6, 2023 In contract -
In contract
Apr 29, 2023 Relisted $440,000
Relisted
Apr 16, 2023 In contract -
In contract
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1967
  • 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: 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,057
  • Total Building Area: 1,152
  • Gross Building Area: 2,359
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000116
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Arlington School District
  • School Tax School District: ARLINGTON PS
  • Census Tract: 356500

Zoning

  • Zoning: R1

Geography

  • Account Number: 61854
  • Parcel: ARLI M:094.0 B:0006 L:0006
  • Block: 6
  • Lot: 6
  • Municipality: ARLINGTON
  • Latitude: 42.429
  • Longitude: -71.1751

    Address

  • Full Address: 509 Summer St
  • Address - House Number: 509
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Arlington
  • Carrier Code: C044
  • 4-Digit Zip Code: 2410
  • Zip Code: 02474

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $668,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.18
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 743,232
  • High Value: 877,079
  • Low Value: 609,384

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $631,100
  • Assessed Land Value: $396,200
  • Assessed Improvements Value: $234,900

    Sales

  • Current Sale Contract Date: Nov 02, 2023
  • Current Sale Recording Date: Nov 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1946769
  • Previous Sale Recording Date: May 30, 2023
  • Previous Sale Contract Date: May 19, 2023
  • Previous Sale Amount: $682,500
  • Previous Sale Document Type: O
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 Arlington Heights

Stats & Trends

Median Asking:

$1,085,000

Sale Price/ft²

$564

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3129 ft²

Average Home Age

55 years

Currently For Sale

25 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73093114

Frequently Asked Questions

When was property at 509 Summer Street built and last sold?
The property at 509 Summer Street was built in 1951 and last sold on Nov 2, 2023 for $700,000.
How much is this home worth?
The estimated value of the home located at 509 Summer Street is $702,464.
What are some comparable homes to 509 Summer Street?
There are currently no comparable homes to 509 Summer Street.
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