Jen McMorran
Responds Quickly
Keller Williams Elite
(339) 220-5309
114 Total Sales
1 in Bridgewater
$560,000 Price
40 Summer St Bridgewater, MA 02324
Bridgewater Area
11
Beds
13
Baths
8,167
Sq Ft
0.98
Acre Lot
Highlights
- Medical Services
- Jogging Path
- Park
- Property is near golf course, public transit, and schools
- Cooling Available
- Shops
About This Home
As of April 2025The Lofts @ Summer Street (40 Summer Street) consists of a four-story building with ten (10) residential units comprised of one (1), 2-Bedroom/2-Bathroom unit, two (2), 1-Bedroom/1.5 Bathroom units, and seven (7), 1-Bedroom/1-Bathroom units. The Property is situated on a 0.98-acre parcel of land with twenty-two (22) on-site parking spaces available for tenants and guests. A transformative gut renovation of the Property was completed in 2019 where the entirety of the buildings envelope, interiors, mechanicals, and fire system were updated. The building is separately metered for heat and electricity which the tenants pay directly. All units feature PTAC heating and air conditioning systems. The Landlord is responsible for common area heat and electric, hot water, and domestic water and sewer. The Lofts @ Summer Street offers the opportunity to acquire a well-located, fully leased, turn-key asset, that is poised for income growth.
Co-Listed By
Dennis Kelleher
Horvath & Tremblay
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,770
Year Built
- Built in 1938
Lot Details
- 0.98
Home Design
- 8,167 Sq Ft Home
- Shingle Roof
- Rubber Roof
Bedrooms and Bathrooms
- 11 Bedrooms
Laundry
- Dryer
- Washer
Parking
- 22 Car Parking Spaces
- Off-Street Parking
Utilities
- Cooling Available
- Separate Meters
Additional Features
- 42,688 Sq Ft Lot
- Property is near golf course, public transit, and schools
Listing and Financial Details
- Total Actual Rent $18,495
- Rent includes unit 1(water hot water), unit 2(water hot water), unit 3(water hot water)
- Assessor Parcel Number 930537
Community Details
Overview
- 10 Units
- Near Conservation Area
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $77,312
- Net Operating Income $144,967
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 10, 2024
Closed on
Apr 8, 2025
Sold by
Bought by
Seller's Agent
Jason Kulik
Horvath & Tremblay
Buyer's Agent
Scott Fitzgerald
ESQ Realty Advisors LLC
List Price
$2,400,000
Sold Price
$2,352,000
Premium/Discount to List
-$48,000
-2%
Views
23
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Outstanding Balance
$1,381,544
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bridgewater, MA
-
Jen McMorran
-
Kristen Ruggiero
Kristen Ruggiero
RE/MAX Platinum
(781) 563-8942
184 Total Sales
6 in Bridgewater
$385K - $973K Price Range
-
Patricia Hall
Patricia Hall
Conway - Hingham
(351) 666-4698
38 Total Sales
1 in Bridgewater
$340,000 Price
-
Jerry Smith
Jerry Smith
LDS Realty Group, Inc.
(857) 957-9474
44 Total Sales
1 in Bridgewater
$574,000 Price
-
Jennifer Curran
Jennifer Curran
(508) 283-9649
50 Total Sales
1 in Bridgewater
$604,000 Price
-
Steve Damon
Steve Damon
Responds QuicklyConway - Bridgewater
(508) 283-7152
23 Total Sales
4 in Bridgewater
$285K - $870K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,352,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,400,000 | ||
| Previous Owner | $1,575,000 | ||
| Previous Owner | $225,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/08/2025 04/08/25 | Sold | $2,352,000 | 0.0% | $288 / Sq Ft |
| 01/27/2025 01/27/25 | Pending | -- | -- | -- |
| 01/24/2025 01/24/25 | Off Market | $2,352,000 | -- | -- |
| 01/09/2025 01/09/25 | For Sale | $2,400,000 | 0.0% | $294 / Sq Ft |
| 10/26/2024 10/26/24 | Pending | -- | -- | -- |
| 10/10/2024 10/10/24 | For Sale | $2,400,000 | -- | $294 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,936 | $1,685,200 | $289,700 | $1,395,500 |
| 2024 | $19,770 | $1,628,500 | $276,000 | $1,352,500 |
| 2023 | $14,848 | $1,156,400 | $276,000 | $880,400 |
| 2022 | $14,790 | $1,032,800 | $257,900 | $774,900 |
| 2021 | $5,269 | $949,700 | $250,300 | $699,400 |
| 2020 | $8,137 | $552,400 | $245,300 | $307,100 |
| 2019 | $3,568 | $240,600 | $240,600 | $0 |
| 2018 | $4,396 | $350,600 | $234,100 | $116,500 |
| 2017 | $8,375 | $536,500 | $229,500 | $307,000 |
| 2016 | $8,604 | $553,700 | $224,500 | $329,200 |
| 2015 | $8,417 | $518,300 | $195,600 | $322,700 |
| 2014 | $8,279 | $509,500 | $195,600 | $313,900 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Kulik
Seller's Agent in 2025
Jason Kulik
Horvath & Tremblay
(781) 776-4000
24 Total Sales
-
D
Seller Co-Listing Agent in 2025
Dennis Kelleher
Horvath & Tremblay
-
Scott Fitzgerald
Buyer's Agent in 2025
Scott Fitzgerald
ESQ Realty Advisors LLC
(781) 987-1410
2 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73300707
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. 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.
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