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Winthrop Town 02152 Downtown Winthrop
126 Locust Way
$595,000
● House - Off Market

126 Locust Way

Winthrop, MA 02152
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,900 Ft²
$772,238
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

New Price!!!!  It's time to make Winthrop by the Sea home! This completely renovated 3 bedroom 2 full bath home is true seaside living and an amazing condo alternative. The kitchen has been carefully designed to make entertaining a breeze along the expansive island and adjacent sun room. All of the rooms have been tastefully painted and the hardwood floors are gleaming throughout. Featuring tankless water heater and new high efficiency heating system. Move right in and start enjoying your evenings taking in the salt air off the large front porch! Winthrop is home to fantastic restaurants, shopping and just a short ride into Boston.
Unit Size
1,900 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$315
Property Type
House
Property Taxes
$458
HOA Dues
-
Year Built
1969

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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: 5 months ago (MLSPIN #72701951)

Price History

Date / Event Date Event Price
Oct 27, 2020 Sold
Premium
Sold
Jul 31, 2020 Listed by 546 Realty Group $599,000
Listed by 546 Realty Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 100
  • Living Units: 2
  • 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: 2,773
  • Total Building Area: 1,308
  • Gross Building Area: 2,692
  • Building Area: 1,308
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,308
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000064
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

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

Geography

  • Parcel: WINT M:057 L:033
  • Lot: 33
  • Municipality: WINTHROP
  • Latitude: 42.3831
  • Longitude: -70.9741

    Address

  • Full Address: 126 Locust Way
  • Address - House Number: 126
  • Address - Street Name: Locust
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Winthrop
  • Carrier Code: C070
  • 4-Digit Zip Code: 1121
  • Zip Code: 02152

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $634,700

    Appraisal Valuation

  • Standard Deviation: 0.1889
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 679,995
  • High Value: 808,468
  • Low Value: 551,522

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $609,100
  • Assessed Land Value: $294,800
  • Assessed Improvements Value: $314,300

    Sales

  • Current Sale Contract Date: Oct 24, 2020
  • Current Sale Recording Date: Oct 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 93496
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 Downtown Winthrop

Stats & Trends

Median Asking:

$629,000

Sale Price/ft²

$444

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1688 ft²

Average Home Age

70.6 years

Currently For Sale

29 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: 5 months ago
Data Source: MLS PIN, MLS# 72701951

Frequently Asked Questions

When was property at 126 Locust Way built and last sold?
The property at 126 Locust Way was built in 1969 and last sold on Oct 24, 2020 for $595,000.
How much is this home worth?
The estimated value of the home located at 126 Locust Way is $620,871.
What are some comparable homes to 126 Locust Way?
There are currently no comparable homes to 126 Locust Way.
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