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Nahant 01908
15 Central
$407,500
● House - Off Market

15 Central

Nahant, MA 01908
bedrooms
2 Beds
bathrooms
1 Bath
square feet
886 Ft²
$637,450
RealtyHop Estimate
49.99%
Since Feb 1, 2019
MA-Boston
Primary Model

About This Property

Perfect home for a couple, senior or downsizer in lovely Big Nahant. One level living, 2 bedrooms, 1 bath and and room to grow....Great alternative to a condo.  Very large unfinished basement and 2 car parking.  Just enough yard to have a patio but not too much to manage.  Steps to the library and park.  This open concept home has been recently painted inside and new systems added (high efficiency furnace). Nahant is an island town with an easy commute to Boston and low taxes.
Unit Size
886 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$480
Property Type
House
Property Taxes
$302
HOA Dues
-
Year Built
1953

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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 #72410025)

Price History

Date / Event Date Event Price
Jan 25, 2019 Sold
Premium
Sold
Oct 12, 2018 Listed by Coldwell Banker Residential Brokerage - Marblehead $425,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Sep 30, 2016 Sold
Premium
Sold
Aug 3, 2016 Listed by Coldwell Banker Residential Brokerage - Marblehead $399,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,803
  • Total Building Area: 886
  • Gross Building Area: 1,750
  • Building Area: 886
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 886
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000087
  • 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:0005 B:0000 L:0013
  • Lot: 13
  • Municipality: NAHANT
  • Latitude: 42.4249
  • Longitude: -70.9139

    Address

  • Full Address: 15 Central St
  • Address - House Number: 15
  • Address - Street Name: Central
  • Address - Suffix Type: St
  • State: MA
  • City Name: Nahant
  • Carrier Code: C002
  • 4-Digit Zip Code: 1405
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $453,500

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 638,135
  • High Value: 736,078
  • Low Value: 540,191

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $498,900
  • Assessed Land Value: $325,600
  • Assessed Improvements Value: $173,300

    Sales

  • Current Sale Contract Date: Jan 23, 2019
  • Current Sale Recording Date: Jan 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 599266
  • Previous Sale Recording Date: Sep 30, 2016
  • Previous Sale Contract Date: Sep 30, 2016
  • Previous Sale Amount: $368,000
  • Previous Sale Document Type: O
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

$574

Below Asking

0.01%

Average Days on Market

59

Average Home Size

3820 ft²

Average Home Age

104.5 years

Currently For Sale

14 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: 5 months ago
Data Source: MLS PIN, MLS# 72410025

Frequently Asked Questions

When was property at 15 Central Street built and last sold?
The property at 15 Central Street was built in 1953 and last sold on Jan 23, 2019 for $407,500.
How much is this home worth?
The estimated value of the home located at 15 Central Street is $426,572.
What are some comparable homes to 15 Central Street?
There are currently no comparable homes to 15 Central Street.
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