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Nahant 01908
131 Castle Road
$870,000
● House - Off Market

131 Castle Road

Nahant, MA 01908
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,128 Ft²
$1,333,155
RealtyHop Estimate
48.29%
Since Jun 1, 2018
MA-Boston
Primary Model

About This Property

Expansive views of ocean, Boston, shoreline.   Living room  has wainscotting, which is natural, a fireplace with built in glass cabinets on either side with 10 foot high ceilings.  Family room is on waterside of home overlooking a large deck.Four large bdrms with double closets, The master suite has a tray ceiling, balcony which overlooks the water,  cedar closet, walk-in closet with custom shelving, plus a full dressing room.  Master bath has linen closet, heated towel rack and tub/shower combination.
Unit Size
3,128 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$287
Property Type
House
Property Taxes
$774
HOA Dues
-
Year Built
1911

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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 #72254240)

Price History

Date / Event Date Event Price
May 17, 2018 Sold
Premium
Sold
Nov 10, 2017 Listed by Nahant Associates, Inc. $899,000
Listed by Nahant Associates, Inc.
Aug 8, 2002 Sold
Premium
Sold
Mar 26, 2002 Listed by Nahant Associates, Inc. $739,900
Listed by Nahant Associates, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1911
  • Effective Year Built: 1911
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 12
  • 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: 1,564
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,761
  • Total Building Area: 4,175
  • Gross Building Area: 5,972
  • Building Area: 4,175
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 4,175
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000155
  • 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:0023 B:0000 L:0058
  • Lot: 58
  • Municipality: NAHANT
  • Latitude: 42.4262
  • Longitude: -70.936

    Address

  • Full Address: 131 Castle Rd
  • Address - House Number: 131
  • Address - Street Name: Castle
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Nahant
  • Carrier Code: C004
  • 4-Digit Zip Code: 1105
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,059,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,388,154
  • High Value: 1,600,895
  • Low Value: 1,175,413

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,165,400
  • Assessed Land Value: $568,800
  • Assessed Improvements Value: $596,600

    Sales

  • Current Sale Recording Date: May 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180517001200
  • Previous Sale Recording Date: Aug 08, 2002
  • Previous Sale Amount: $741,000
  • 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72254240

Frequently Asked Questions

When was property at 131 Castle Road built and last sold?
The property at 131 Castle Road was built in 1911 and last sold on Jan 1, 1970 for $870,000.
How much is this home worth?
The estimated value of the home located at 131 Castle Road is $956,639.
What are some comparable homes to 131 Castle Road?
There are currently no comparable homes to 131 Castle Road.
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