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Arlington 02474 Arlington Heights
629 Summer St
$682,500
● House - Off Market

629 Summer St

Arlington, MA 02474
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,584 Ft²
$795,743
RealtyHop Estimate
13.68%
Since Sep 1, 2021
MA-Boston
Primary Model

About This Property

Welcome to 629 Summer St! This beautiful 3 bedroom colonial is ready for its new owners. Perfectly located with close proximity to the Minuteman Bike Path, Arlington Reservoir and great restaurants in close proximity. First floor offers a wood burning fire place in the living room, eat in kitchen and a dining room. On the 2nd floor you will find two large bedrooms and a third smaller bedroom/office and the full bath. The basement has the second bathroom, laundry and a +225sf finished bonus room. The detached single car garage and the peaceful backyard with large brick patio top off this home.
Unit Size
1,584 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$442
Property Type
House
Property Taxes
$559
HOA Dues
-
Year Built
1929

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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 years ago (MLSPIN #72862308)

Price History

Date / Event Date Event Price
Aug 27, 2021 Sold
Premium
Sold
Jul 8, 2021 Listed by Desi Prime Realty, LLC $700,000
Listed by Desi Prime Realty, LLC
Oct 10, 1991 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 624
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,070
  • Total Building Area: 1,584
  • Gross Building Area: 1,972
  • Building Area: 1,584
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,584
  • Heating Fuel Type: 3

    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: 70791
  • Parcel: ARLI M:111.0 B:0004 L:0006
  • Block: 4
  • Lot: 6
  • Municipality: ARLINGTON
  • Latitude: 42.431
  • Longitude: -71.1801

    Address

  • Full Address: 629 Summer St
  • Address - House Number: 629
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Arlington
  • Carrier Code: C022
  • 4-Digit Zip Code: 2423
  • Zip Code: 02474

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $723,500

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 833,020
  • High Value: 978,939
  • Low Value: 687,102

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $683,200
  • Assessed Land Value: $396,400
  • Assessed Improvements Value: $286,800

    Sales

  • Current Sale Contract Date: Aug 27, 2021
  • Current Sale Recording Date: Aug 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1891979
  • Previous Sale Recording Date: Oct 10, 1991
  • Previous Sale Amount: $160,000
  • Previous Sale Document Type: 43
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:

$1,095,000

Sale Price/ft²

$564

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3213 ft²

Average Home Age

53.6 years

Currently For Sale

27 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72862308

Frequently Asked Questions

When was property at 629 Summer Street built and last sold?
The property at 629 Summer Street was built in 1929 and last sold on Aug 27, 2021 for $682,500.
How much is this home worth?
The estimated value of the home located at 629 Summer Street is $719,411.
What are some comparable homes to 629 Summer Street?
There are currently no comparable homes to 629 Summer Street.
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