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Medford 02155 Lawrence Estates
86 Summit Rd
$665,000
● House - Off Market

86 Summit Rd

Medford, MA 02155
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,910 Ft²
$1,076,949
RealtyHop Estimate
56.10%
Since Nov 1, 2017
MA-Boston
Primary Model

About This Property

LAWRENCE ESTATES!   WARMTH, CHARM, and SPACE abound in this Exquisite Grand Brick Colonial which boasts 3 spacious bedrooms and 1 1/2 baths.  Grand Foyer entry leads to Wood Burning Fireplaced Living Room with door leading to Screened Porch,  Dining Room,  Extra Large Eat in Kitchen and Laundry Room on the 1st floor with Lots of Natural Woodwork and Hardwood Floors.  Upstairs you will find a Huge Master Bedroom, Two Large bedrooms and a Home Office or Nursery leading up to the Massive Attic space with expansion potential.  Professionally Landscaped Yard, Sprinkler System, Maintenance Free Brick Exterior, along with All New Windows and New Roof so all decorating ideas just need to be brought inside!   Easy to add your personal touches to transform yesteryear's to today's modern.  You don't want to miss this one!
Unit Size
1,910 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$361
Property Type
House
Property Taxes
$554
HOA Dues
-
Year Built
1925

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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 #72217639)

Price History

Date / Event Date Event Price
Mar 8, 2024 Sold
Premium
Sold
Oct 6, 2017 Sold
Premium
Sold
Aug 23, 2017 Listed by Voila Residential Brokerage $689,900
Listed by Voila Residential Brokerage

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,989
  • Total Building Area: 2,014
  • Gross Building Area: 4,385
  • Building Area: 2,014
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,014
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medford School District
  • School Tax School District: MEDFORD SD
  • Census Tract: 339101

Geography

  • Account Number: 5845
  • Parcel: MEDF M:J-09 B:0002
  • Block: 2
  • Municipality: MEDFORD
  • Latitude: 42.4244
  • Longitude: -71.1125

    Address

  • Full Address: 86 Summit Rd
  • Address - House Number: 86
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Medford
  • Carrier Code: C056
  • 4-Digit Zip Code: 3011
  • Zip Code: 02155

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $794,800

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,012,532
  • High Value: 1,190,262
  • Low Value: 834,801

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $918,800
  • Assessed Land Value: $443,900
  • Assessed Improvements Value: $474,900

    Sales

  • Current Sale Contract Date: Mar 08, 2024
  • Current Sale Recording Date: Mar 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23372
  • Previous Sale Recording Date: Oct 06, 2017
  • Previous Sale Amount: $665,000
  • Previous Sale Document Type: 27
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 Lawrence Estates

Stats & Trends

Median Asking:

$912,450

Sale Price/ft²

$500

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2067 ft²

Average Home Age

90 years

Currently For Sale

14 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

Unit for rent at 20 Stephenson Aman St, MA, 02144

$2,000 /mo

  • 1 Bed
  • 1 Bath
20 Stephenson Aman St, MA, 02144 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72217639

Frequently Asked Questions

When was property at 86 Summit Road built and last sold?
The property at 86 Summit Road was built in 1925 and last sold on Mar 8, 2024 for $600,000.
How much is this home worth?
The estimated value of the home located at 86 Summit Road is $714,830.
What are some comparable homes to 86 Summit Road?
There are currently no comparable homes to 86 Summit Road.
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