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Swampscott 01907
1 Merrymount Dr
Photo of 1 Merrymount Dr
Sold on May 3, 2006

1

Map

$455,000
● House - Off Market

1 Merrymount Dr

Swampscott, MA 01907
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,932 Ft²
$844,015
RealtyHop Estimate
79.96%
Since Jun 1, 2006
MA-Boston
Primary Model

About This Property

Wonderful family home in a neighborhood close to schools, shopping, and public transportation.  Skylights in kitchen and first floor den, cathedral ceiling in living room, dining room and kitchen.  Central air.  Many updates including windows, tile floors, garage doors, exterior and interior painting.  Large private deck overlooking fenced in yard.  Seller will review all offers.
Unit Size
1,932 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$243
Property Type
House
Property Taxes
$364
HOA Dues
-
Year Built
1974

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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 #70291214)

Price History

Date / Event Date Event Price
May 4, 2006 Sold
Premium
Sold
Nov 8, 2005 Listed $469,000
Listed
Aug 17, 2000 Sold
Premium
Sold
Jun 27, 2000 Listed $299,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,320
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,235
  • Total Building Area: 1,932
  • Gross Building Area: 2,976
  • Building Area: 1,932
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,932
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JEFFERSON ESTATES
  • Land Acres: 0000000212
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Swampscott School District
  • School Tax School District: SWAMPSCOTT SD
  • Census Tract: 202104

Zoning

  • Zoning: A-2

Geography

  • Parcel: SWAM M:0014 B:0319 L:0
  • Block: 319
  • Municipality: SWAMPSCOTT
  • Latitude: 42.478
  • Longitude: -70.9108

    Address

  • Full Address: 1 Merrymount Dr
  • Address - House Number: 1
  • Address - Street Name: Merrymount
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C012
  • 4-Digit Zip Code: 2911
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $717,300

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 763,170
  • High Value: 893,492
  • Low Value: 632,849

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $611,000
  • Assessed Land Value: $291,900
  • Assessed Improvements Value: $319,100

    Sales

  • Current Sale Recording Date: May 04, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 72250
  • Previous Sale Recording Date: Aug 17, 2000
  • Previous Sale Amount: $299,900
  • Previous Sale Document Type: 48
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 Swampscott

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$436

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2972 ft²

Average Home Age

100.7 years

Currently For Sale

46 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70291214

Frequently Asked Questions

When was property at 1 Merrymount Drive built and last sold?
The property at 1 Merrymount Drive was built in 1974 and last sold on Jan 1, 1970 for $455,000.
How much is this home worth?
The estimated value of the home located at 1 Merrymount Drive is $489,745.
What are some comparable homes to 1 Merrymount Drive?
There are currently no comparable homes to 1 Merrymount Drive.
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