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Saugus 01906 Downtown Saugus
8 Summer Street
$425,000
● House - Off Market

8 Summer Street

Saugus, MA 01906
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,952 Ft²
$650,892
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

Conveniently  located close to Saugus Center, this charming home was once a carriage house, it offers lots of character and charm. Enjoy the bright and sunny living room with built in book cases, hardwood floors and fireplace, galley kitchen with granite counter tops, dining area with sliders, first floor master bedroom with additional fireplace, and private 1/2 bath, there is also a additional room which could be a den,  nursery, or 4th bedroom, 2nd floor offers two good size bedrooms, full bath and laundry room, great closet and storage space throughout.   Great location for commuters, so close to Saugus Center, shopping, great restaurants and Route One.
Unit Size
1,952 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$225
Property Type
House
Property Taxes
$374
HOA Dues
-
Year Built
1830

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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: 4 months ago (MLSPIN #72352751)

Price History

Date / Event Date Event Price
Oct 10, 2018 Sold
Premium
Sold
Jun 26, 2018 Listed by Carpenito Real Estate, Inc. $440,000
Listed by Carpenito Real Estate, Inc.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1830
  • Effective Year Built: 1830
  • 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: 16
  • 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: 2
  • Basement Area: 1,216
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,102
  • Total Building Area: 1,952
  • Gross Building Area: 3,168
  • Building Area: 1,952
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,952
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000232
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Saugus School District
  • School Tax School District: SAUGUS SD
  • Census Tract: 208301

Zoning

  • Zoning: NA

Geography

  • Account Number: 8171002
  • Parcel: SAUG M:009-E B:0003 L:0034
  • Block: 3
  • Lot: 34
  • Municipality: SAUGUS
  • Latitude: 42.4652
  • Longitude: -71.013

    Address

  • Full Address: 8 Summer St
  • Address - House Number: 8
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Saugus
  • Carrier Code: C004
  • 4-Digit Zip Code: 2139
  • Zip Code: 01906

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $633,100

    Appraisal Valuation

  • Standard Deviation: 0.2196
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 69
  • Final Value: 661,127
  • High Value: 806,362
  • Low Value: 515,891

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $594,500
  • Assessed Land Value: $324,400
  • Assessed Improvements Value: $270,100

    Sales

  • Current Sale Recording Date: Oct 10, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181010002860
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 Downtown Saugus

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$393

Below Asking

0.02%

Average Days on Market

48

Average Home Size

2235 ft²

Average Home Age

200 years

Currently For Sale

2 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72352751

Frequently Asked Questions

When was property at 8 Summer Street built and last sold?
The property at 8 Summer Street was built in 1830 and last sold on Jan 1, 1970 for $425,000.
How much is this home worth?
The estimated value of the home located at 8 Summer Street is $451,375.
What are some comparable homes to 8 Summer Street?
There are currently no comparable homes to 8 Summer Street.
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