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Nahant 01908
11 Locust Way
Photo of 11 Locust Way
Sold on May 31, 2005

1

Map

$625,000
● House - Off Market

11 Locust Way

Nahant, MA 01908
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,735 Ft²
$1,103,478
RealtyHop Estimate
76.56%
Since Jun 1, 2005
MA-Boston
Primary Model

About This Property

Spacious and updated with fully applianced kitchen, pickled cabinets, c. tile floor open to family room with sliders to deck. Living room has marble f.p., wood floors and bay window with view of ocean. One bedroom and full bath on 1st fl. Two oversixed bedrooms and full bath on 2nd with views and storage.  Full bmt with 1/2 bath. Updated systems, 1 car garage on a 12,000+ s.f. lot
Unit Size
1,735 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$360
Property Type
House
Property Taxes
$368
HOA Dues
-
Year Built
1959

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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 #70160593)

Price History

Date / Event Date Event Price
May 31, 2005 Sold
Premium
Sold
Mar 20, 2005 Listed $625,000
Listed
Nov 3, 1997 Sold
Premium
Sold
Aug 1, 1997 Listed $334,900
Listed
Nov 22, 1996 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,007
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,314
  • Total Building Area: 1,735
  • Gross Building Area: 3,917
  • Building Area: 1,735
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,735
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000283
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Swampscott School District in Nahant (7-12)
  • School Tax School District: NAHANT SD
  • Census Tract: 201100

Zoning

  • Zoning: R2

Geography

  • Parcel: NAHA M:0021A B:0000 L:0090
  • Lot: 90
  • Municipality: NAHANT
  • Latitude: 42.4234
  • Longitude: -70.9355

    Address

  • Full Address: 11 Locust Way
  • Address - House Number: 11
  • Address - Street Name: Locust
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Nahant
  • Carrier Code: C004
  • 4-Digit Zip Code: 1136
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $706,600

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,009,474
  • High Value: 1,180,193
  • Low Value: 838,755

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $777,300
  • Assessed Land Value: $470,600
  • Assessed Improvements Value: $306,700

    Sales

  • Current Sale Recording Date: May 31, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Nov 03, 1997
  • Previous Sale Amount: $323,000
  • 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 Nahant

Stats & Trends

Median Asking:

$950,000

Sale Price/ft²

$554

Below Asking

0.01%

Average Days on Market

52

Average Home Size

3572 ft²

Average Home Age

84.6 years

Currently For Sale

16 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70160593

Frequently Asked Questions

When was property at 11 Locust Way built and last sold?
The property at 11 Locust Way was built in 1959 and last sold on Jan 1, 1970 for $625,000.
How much is this home worth?
The estimated value of the home located at 11 Locust Way is $643,193.
What are some comparable homes to 11 Locust Way?
There are currently no comparable homes to 11 Locust Way.
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