50-52 Summit Avenue

Winthrop, MA 02152

$600,000
Last Sold Price
7
Beds
4
Baths
4,100 Sq. Ft.
$146 / Sq. Ft.
4,100
Sq. Ft.
$146
per Sq. Ft.

Description

Unique opportunity……... Two 2 families on one lot. The smaller rear building has 2 one bedroom apartments and the larger front building has a large one+ bedroom on the first floor and the second floor unit is on 2 levels with a possibility of 3 bedrooms. This property works many different ways, as an owner occupy ( collect your rents and live for a fraction of the mortgage), as an investment for a landlord with the opportunity to just own it outright some day as retirement income or, as a condo conversion...Unique opportunity……... Two 2 families on one lot. The smaller rear building has 2 one bedroom apartments and the larger front building has a large one+ bedroom on the first floor and the second floor unit is on 2 levels with a possibility of 3 bedrooms. This property works many different ways, as an owner occupy ( collect your rents and live for a fraction of the mortgage), as an investment for a landlord with the opportunity to just own it outright some day as retirement income or, as a condo conversion for a the real estate developer who is looking for their next project ! Winthrop-by the Sea, so much to offer…..discover this quaint seaside town just minutes to Boston!

Listing Agent

  1. Sharon Tallent

    Sharon Tallent

    Listing Agent

    Compass

Property Details for 50-52 Summit Avenue

Town
Winthrop
Area
MA-Winthrop
Garage Spaces
0
Parking Spaces
6.00
Parking Spaces Total
6

Location

Add your commute
LISTING UPDATED: 08/06/2022 06:31 AM

Property Details for 50-52 Summit Avenue

StatusSold
MLS #72054650
Days on Market26
Taxes$5,839 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family - 4 Units Up/Down
Year Built1900
CountySuffolk County

Location

Add your commute

Building Information for 50-52 Summit Avenue

Stories6Residences4Year Built1900Building Size-Lot Size0.18 AC / 7,918 SF

Payment Calculator

$3,761 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,274

Property Taxes

$487

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 50-52 Summit Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Golf Course, Marina
  • Current Financing: Conv. Fixed
  • Living Area: 4100.0
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Other, Unit 1(Range), Unit 2(Range), Unit 3(Range), Unit 4(Range), Oil Water Heater, Gas Water Heater, Tankless Water Heater, Utility Connections Varies per Unit
  • Basement Features: Full, Unfinished Basement
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Hardwood
  • Interior Features: Other(See Remarks), Other (See Remarks), Unit 1 Rooms(Living Room, Kitchen, Mudroom, Sunroom), Unit 2 Rooms(Living Room, Sunroom, Other (See Remarks)), Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room, Dining Room
  • Interior Features: Other(See Remarks), Other (See Remarks)
Exterior Features
  • Construction: Frame
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Ocean, Walk to, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: Other (See Remarks)
  • Cooling: Yes
  • Electric: Circuit Breakers
  • Heating: Other, Unit 1(Steam, Oil), Unit 2(Steam, Unit 3(Oil), Unit 4(Oil)
  • Heating: Yes
  • Sewage District: MWRA
  • Sewer: City/Town Sewer
  • Utility Connections: Varies per Unit
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: On file,procuring cause guidelines adhered to for compensation. All data is as of this date and subject to change. Buyer agent to verify all necessary information for their client.
Tax Information
  • Tax ID: 1424765
  • Assessments: $379,900
  • Book: 8780
  • Tax Year: 2016
  • Zoning: Res.
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
Income / Expenses
  • GOI: $39,000.00
  • NOI: $39,000.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 2
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $3,250.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 1.0

Property History for 50-52 Summit Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 50-52 Summit Avenue

Taxable ValueLand$340,900Additions$452,100Total$793,000
Tax Record2024$8,263 ($689 / month)
Home Facts
Beds0Lot Size7,918 SqFtStyleSingle Family ResidenceCountySUFFOLKAPNWINT M:062 L:029

Schools near 50-52 Summit Avenue

This home is within Winthrop School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - PK to 12
Public - 3 to 5
Public - 6 to 8
Rating
School
Distance
Winthrop Sr High School
PublicPK to 12

Arthur T. Cummings Elementary School
Public3 to 5

Winthrop Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Compass, Sharon Tallent

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.