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Essex
85 Summer Street
$395,000
● House - Off Market

85 Summer Street

Manchester, MA 01944
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,150 Ft²
$521,707
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Charming antique in sought after location close to village, schools, highway and all local amenities.  This wonderful home features lots of period detail, with many recent updates. Can function as a 3 bed, with bonus room on first floor suitable as bedroom, there are two bedrooms upstairs.  Large rear deck, partially wooded lot, pretty wooded vista from the deck. Newer roof, new Appliances (stove, dishwasher), new hardwood flooring & carpet, newer furnace, granite front steps replaced and bathroom remodeled. AS IS SALE Requires repairs, see agent for details.  NO SHOWINGS UNTIL 9/1/2020. PLEASE DO NOT GO ON THE PROPERTY.
Unit Size
1,150 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$347
Property Type
House
Property Taxes
$321
HOA Dues
-
Year Built
1935

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 5 months ago (MLSPIN #72703368)

Price History

Date / Event Date Event Price
Sep 30, 2020 Sold
Premium
Sold
Aug 2, 2020 Listed by Molisse Realty Group LLC $399,000
Listed by Molisse Realty Group LLC
Sep 18, 2015 Sold
Premium
Sold
Aug 15, 1996 Sold
Premium
Sold
Feb 15, 1996 Listed by J. Barrett & Company $148,500
Listed by J. Barrett & Company
ONE OF MANCHESTER'S EARLIEST HOMES. CHARM,WARMTH,AND UPDATED FOR TODAY'S LIVING. CONVENIENT TO TRAIN, BEACH, AND VILLAGE.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 100
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,003
  • Total Building Area: 1,150
  • Gross Building Area: 1,408
  • Building Area: 1,150
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,150
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Manchester Essex Regional School District
  • School Tax School District: MANCHSTR ESSEX
  • Census Tract: 218100

Zoning

  • Zoning: A

Geography

  • District: 166
  • Parcel: MANC M:0014 B:0000 L:0014
  • Lot: 14
  • Municipality: MANCHESTER
  • Latitude: 42.5782
  • Longitude: -70.7631

    Address

  • Full Address: 85 Summer St
  • Address - House Number: 85
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Manchester
  • Carrier Code: C004
  • 4-Digit Zip Code: 1559
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $472,900

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 629,083
  • High Value: 736,708
  • Low Value: 521,457

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $505,800
  • Assessed Land Value: $312,200
  • Assessed Improvements Value: $193,600

    Sales

  • Current Sale Contract Date: Sep 24, 2020
  • Current Sale Recording Date: Sep 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200930002010
  • Previous Sale Recording Date: Sep 18, 2015
  • Previous Sale Amount: $365,000
  • Previous Sale Document Type: O
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 Essex

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2525 ft²

Average Home Age

72.6 years

Currently For Sale

1492 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: 5 months ago
Data Source: MLS PIN, MLS# 72703368

Frequently Asked Questions

When was property at 85 Summer Street built and last sold?
The property at 85 Summer Street was built in 1935 and last sold on Sep 24, 2020 for $395,000.
How much is this home worth?
The estimated value of the home located at 85 Summer Street is $405,638.
What are some comparable homes to 85 Summer Street?
There are currently no comparable homes to 85 Summer Street.
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