56 Summit Street
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 |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Jul 24, 2025 | In contract | - | |
| In contract | |||
| Jul 16, 2025 | Listed by Coldwell Banker Realty - Waltham | $939,900 | |
| Listed by Coldwell Banker Realty - Waltham | |||
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Beautifully renovated Colonial in the sought-after Highlands blends classic charm with modern updates. The oversized granite kitchen includes custom cabinetry, pantry, and new stainless appliances. Enjoy spacious living and entertaining with a fireplaced living room, formal dining room with built-in hutch, and 1st floor family room. Five generous bedrooms offer excellent closet space, plus a 2nd floor office and 1st floor laundry. Features include period gumwood trim, hardwood floors, updated tile baths, central A/C with smart thermostat, and newer windows. Walk-up attic, large basement, and newer fenced yard with smart irrigation. Outdoor perks: ipe deck with retractable awning, gas grill hookup, raised garden, Hardie siding and Azek trim (2020), newer roof (2008), and native landscaping with lighting. Newer hot water heater (2022) and water/gas mains. Steps to public transit, shops, MCRT bike path, and Prospect Hill Park’s 200+ acres of trails.
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| Dec 18, 2015 | Sold | ||
| Sold | |||
| Oct 1, 2015 | Listed by Coldwell Banker Residential Brokerage - Waltham | $589,900 | |
| Listed by Coldwell Banker Residential Brokerage - Waltham | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017