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Hull 02045
116 Spring St
$475,000
● House - Off Market

116 Spring St

Hull, MA 02045
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,710 Ft²
$3,240
Est. Monthly

About This Property

Welcome to 116 Spring St in Hull, Ma. The cape style circa 1633 Loring House, Hull's oldest home located in Village,  Set back off the road this home offers three bedrooms, a small study or office, 1-1/2 bathrooms, nice sized living room, a dining room, eat in kitchen, a first floor bedroom/office, four fireplaces, paneling, wide board pine floors, beamed ceilings, two staircases, newer furnace and irreplaceable character throughout. Half bath in master bedroom!  Large double lot with newer two-car detached garage containing a full second floor loft for workroom/studio. Electricity is in the garage!  Walk to the commuter boat to Boston and enjoy all this coastal community has to offer! Enjoy a walk to the ocean everyday! This house is currently habitable. All utilities are on!
Unit Size
1,710 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$322
Property Type
House
Property Taxes
$539
HOA Dues
-
Year Built
-

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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 #73173429)

Price History

Date / Event Date Event Price
Dec 29, 2023 Sold
Premium
Sold
Dec 14, 2023 In contract -
In contract
Oct 24, 2023 Listed by Keller Williams Pinnacle Central $549,900
Listed by Keller Williams Pinnacle Central

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 456
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 16,910
  • Total Building Area: 1,710
  • Gross Building Area: 3,420
  • Building Area: 1,710
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,710
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000388
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hanover School District
  • School Tax School District: HULL SD
  • Census Tract: 500101

Zoning

  • Zoning: SFB

Geography

  • Account Number: 6-014
  • District: 142
  • Parcel: HULL M:00006 P:00014
  • Municipality: HULL
  • Latitude: 42.3034
  • Longitude: -70.9064

    Address

  • Full Address: 116 Spring St
  • Address - House Number: 116
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MA
  • City Name: Hull
  • Carrier Code: C005
  • 4-Digit Zip Code: 1228
  • Zip Code: 02045

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $645,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0817
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 552,283
  • High Value: 597,451
  • Low Value: 507,115

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $554,300
  • Assessed Land Value: $349,200
  • Assessed Improvements Value: $205,100

    Sales

  • Current Sale Contract Date: Dec 29, 2023
  • Current Sale Recording Date: Dec 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 84690
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 Hull

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$469

Below Asking

0.02%

Average Days on Market

69

Average Home Size

2137 ft²

Average Home Age

61.3 years

Currently For Sale

52 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73173429

Frequently Asked Questions

When was property at 116 Spring Street built and last sold?
The property at 116 Spring Street was built in and last sold on Dec 29, 2023 for $475,000.
How much is this home worth?
The estimated value of the home located at 116 Spring Street is $561,693.
What are some comparable homes to 116 Spring Street?
There are currently no comparable homes to 116 Spring Street.
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