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Winthrop Town 02152 Whinthrop Highlands
116 Grovers Ave
$750,000
● House - Off Market

116 Grovers Ave

Winthrop, MA 02152
bedrooms
4 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
2,306 Ft²
$820,490
RealtyHop Estimate
6.01%
Since Mar 1, 2023
MA-Boston
Primary Model

About This Property

PRICE REDUCED - MOTIVATED SELLER! Welcome to 116 Grovers Ave in beautiful Winthrop by the Sea. In this desirable highland's neighborhood, you will find this large 4-bedroom home with ocean views, beautiful natural light, and gleaming hardwood floors. The eat in kitchen with SS appliances opens to a large back yard to entertain guests, BBQ, garden and let the kids play. Off the kitchen you will find a formal dining room and 2 fireplaced living/family rooms. The second-floor features 4 generous bedrooms. OPPORTUNITY AWAITS as you are captivated by the views on the 3rd floor where you will find 3 additional semi-finished rooms. MAKE THIS YOUR DREAM HOME OR YOUR NEXT INVESTMENT PROJECT!
Unit Size
2,306 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$336
Property Type
House
Property Taxes
$613
HOA Dues
-
Year Built
1900

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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 #73052545)

Price History

Date / Event Date Event Price
Feb 8, 2023 Sold
Premium
Sold
Jan 12, 2023 In contract -
In contract
Jan 2, 2023 Relisted $774,000
Relisted
Dec 25, 2022 No longer available -
No longer available
Oct 27, 2022 Listed by Century 21 North East $774,000
Listed by Century 21 North East

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • 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: 7,628
  • Total Building Area: 2,870
  • Gross Building Area: 5,086
  • Building Area: 2,870
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,870
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000175
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Winthrop School District
  • School Tax School District: WINTHROP SD
  • Census Tract: 180101

Geography

  • Parcel: WINT M:068 L:062
  • Lot: 62
  • Municipality: WINTHROP
  • Latitude: 42.3866
  • Longitude: -70.9721

    Address

  • Full Address: 116 Grovers Ave
  • Address - House Number: 116
  • Address - Street Name: Grovers
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Winthrop
  • Carrier Code: C068
  • 4-Digit Zip Code: 1046
  • Zip Code: 02152

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $854,400

    Appraisal Valuation

  • Standard Deviation: 0.1847
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 912,436
  • High Value: 1,080,993
  • Low Value: 743,880

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $820,000
  • Assessed Land Value: $405,600
  • Assessed Improvements Value: $414,400

    Sales

  • Current Sale Contract Date: Feb 08, 2023
  • Current Sale Recording Date: Feb 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8467
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 Whinthrop Highlands

Stats & Trends

Median Asking:

$649,995

Sale Price/ft²

$502

Below Asking

0.01%

Average Days on Market

69

Average Home Size

1314 ft²

Average Home Age

52.9 years

Currently For Sale

11 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# 73052545

Frequently Asked Questions

When was property at 116 Grovers Avenue built and last sold?
The property at 116 Grovers Avenue was built in 1900 and last sold on Feb 8, 2023 for $750,000.
How much is this home worth?
The estimated value of the home located at 116 Grovers Avenue is $780,869.
What are some comparable homes to 116 Grovers Avenue?
There are currently no comparable homes to 116 Grovers Avenue.
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