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Medford 02155 Lawrence Estates
52 Summit Road
$815,000
● House - Off Market

52 Summit Road

Medford, MA 02155
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,608 Ft²
$790,444
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Welcome to this charming colonial located in the highly sought-after neighborhood of Lawrence Estates. The first level of this home offers a traditional, inviting floor plan with a front facing living room, formal dining room, eat in kitchen and a large family room w/a half bath. The 2nd level offers 3 bedrooms, all with solid hard wood flooring plus a full bath. The outside deck leads to large two-tiered private backyard which provides a serene suburban getaway while still offering a location of superb convenience; minutes from Medford Square, Chevalier Theatre, Fellsway conservation trail, easy access to Rt 93, all major highways, downtown Boston, and Logan Airport to name a few.
Unit Size
1,608 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$485
Property Type
House
Property Taxes
$484
HOA Dues
-
Year Built
1926

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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: 5 months ago (MLSPIN #72956136)

Price History

Date / Event Date Event Price
May 17, 2022 Sold
Premium
Sold
Mar 23, 2022 Listed by Century 21 CELLI $780,000
Listed by Century 21 CELLI

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,229
  • Total Building Area: 1,608
  • Gross Building Area: 2,760
  • Building Area: 1,608
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,608
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000143
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medford School District
  • School Tax School District: MEDFORD SD
  • Census Tract: 339101

Geography

  • Account Number: 5854
  • Parcel: MEDF M:J-09 B:0011
  • Block: 11
  • Municipality: MEDFORD
  • Latitude: 42.423
  • Longitude: -71.1123

    Address

  • Full Address: 52 Summit Rd
  • Address - House Number: 52
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Medford
  • Carrier Code: C056
  • 4-Digit Zip Code: 3011
  • Zip Code: 02155

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $617,300

    Appraisal Valuation

  • Standard Deviation: 0.1735
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 853,424
  • High Value: 1,001,562
  • Low Value: 705,287

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $713,600
  • Assessed Land Value: $427,200
  • Assessed Improvements Value: $286,400

    Sales

  • Current Sale Contract Date: May 16, 2022
  • Current Sale Recording Date: May 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 73755
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 Lawrence Estates

Stats & Trends

Median Asking:

$899,900

Sale Price/ft²

$500

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2141 ft²

Average Home Age

88.8 years

Currently For Sale

13 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

Unit for rent at 20 Stephenson Aman St, MA, 02144

$2,000 /mo

  • 1 Bed
  • 1 Bath
20 Stephenson Aman St, MA, 02144 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72956136

Frequently Asked Questions

When was property at 52 Summit Road built and last sold?
The property at 52 Summit Road was built in 1926 and last sold on May 16, 2022 for $815,000.
How much is this home worth?
The estimated value of the home located at 52 Summit Road is $795,567.
What are some comparable homes to 52 Summit Road?
There are currently no comparable homes to 52 Summit Road.
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