51 Summer Street #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 |
|---|---|---|---|
| Jun 23, 2023 | Sold | ||
| Sold | |||
| May 24, 2023 | In contract | - | |
| In contract | |||
| May 18, 2023 | Listed by eXp Realty | $499,000 | |
| Listed by eXp Realty | |||
| | |||
|
Touch of history, class, convenience, AND upscale finishes. Fantastic opportunity to live the life of ease with vibrant Maynard center close by. Formerly the American Legion Hall, Victoria Heights and this immaculate home is now everyone's answer to just how life should be led, with fine kitchen space and appliances including a Dual Fuel range, a large open floor area for dining and living room, and the main bedroom on the first floor, next to a stylish showered bath. Turned stairs bring you up to 2 more large bedrooms, laundry, and full bath. Super Green heat pump/electric water heater and Exterior power for EV station. Exclusive use basement with updated and enhanced lighting for that workshop you have always wanted. 2 deeded parking spaces, and visitor parking close to unit. Nearby are biking and hiking trails, conservation land, farmers markets, great dining and culture. Convenient to shuttle to commuter rail (Fitchburg) into Boston. Get your bags packed, this is the one!
| |||
| Apr 19, 2017 | Sold | ||
| Sold | |||
| Mar 1, 2017 | Listed by eXp Realty | $405,000 | |
| Listed by eXp Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/18/2023
|
3 Bed
|
2 Bath
|
2000 ft²
|
$499,000
3 Bed
2 Bath
2000 ft²
|
$545,545
+9.33%
06/23/2023
|
Lauren Tetreault
Coldwell Banker Realty - Concord
| |
|
03/01/2017
|
3 Bed
|
2 Bath
|
1970 ft²
|
$405,000
3 Bed
2 Bath
1970 ft²
|
$404,000
-0.25%
04/19/2017
|
Judith Moore
Barrett Sotheby's International Realty
| |
|
08/19/2016
|
3 Bed
|
3 Bath
|
2382 ft²
|
$419,000
3 Bed
3 Bath
2382 ft²
|
$415,000
-0.95%
10/14/2016
|
Judith Moore
Barrett Sotheby's International Realty
| |
|
08/19/2016
|
3 Bed
|
2 Bath
|
1892 ft²
|
$419,000
3 Bed
2 Bath
1892 ft²
|
$420,000
+0.24%
04/18/2017
|
Judith Moore
Barrett Sotheby's International Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017