7 Summit Ave
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 7, 2025 | Sold | ||
| Sold | |||
| Jun 28, 2025 | In contract | - | |
| In contract | |||
| Jun 12, 2025 | Listed | $619,000 | |
| Listed | |||
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Welcome to 7 Summit Ave—perfectly located just AROUND THE CORNER from SHARON’S TOWN CENTER with amazing restaurants, shops, houses of worship, a new library, playgrounds, parks, walking trails, and more. Enjoy the beauty of Lake Massapoag (2 min away), featuring a public beach and water access. This RECENTLY RENOVATED HOME offers an OPEN FLOOR PLAN filled with natural light, highlighted by WOOD-BEAMED CEILINGS and a seamless flow through the LIVING ROOM, DINING AREA, KITCHEN, BEDROOM, and BATHROOM. Upstairs, you’ll find TWO BEDROOMS WITH VAULTED CEILINGS AND SKYLIGHTS. Major updates include a 2025 GAF ROOF WITH 50-YEAR WARRANTY, FRESH EXTERIOR PAINT, a KITCHEN WITH QUARTZ COUNTERTOPS AND STAINLESS STEEL APPLIANCES, NEW BATHROOM, and NEW WATER HEATER, FURNACE, AND HVAC. Just MINUTES TO THE COMMUTER RAIL and located in ONE OF THE BEST SCHOOL SYSTEMS IN THE STATE. Set on a LARGE LOT with endless possibilities! BRAND new 50 yr warantee roof-everything is UPDATED
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| Aug 15, 2022 | Sold | ||
| Sold | |||
| May 21, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017