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Weymouth Town 02188 East Weymouth
16 Austin Rd
$385,000
● House - Off Market

16 Austin Rd

Weymouth, MA 02188
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,475 Ft²
$375,215
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Priced to Sell! This Two-plus Bedroom Cape with in-law potential is in need of some updating and TLC.  Potential in-law area has a separate entrance.  One Full Bath upstairs and one Half bath off "in-law" on first floor, half bath has plumbing, offering ability to add a shower.  Well maintained oil burner.  Gas also available in this home-  Gas range.  Large Backyard. House is being sold in "as is" condition.  Will not qualify for FHA or VA financing.  Could make a great investment property!  Great Location-Close to restaurants/shops, Tufts Library and commuter rail in the newly developed Weymouth Landing. Rte. 3 and 93 easily accessible!
Unit Size
1,475 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$237
Property Type
House
Property Taxes
$383
HOA Dues
-
Year Built
1956

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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 #73051135)

Price History

Date / Event Date Event Price
Nov 23, 2022 Sold
Premium
Sold
Oct 24, 2022 In contract -
In contract
Oct 22, 2022 Listed by Coldwell Banker Realty - Hingham $349,900
Listed by Coldwell Banker Realty - Hingham

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,750
  • Total Building Area: 1,475
  • Building Area: 1,475
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,475
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000224
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Weymouth School District
  • School Tax School District: WEYMOUTH SD
  • Census Tract: 422301

Zoning

  • Zoning: R-3

Geography

  • Account Number: 11911
  • Parcel: WEYM M:33 B:426 L:036
  • Block: 426
  • Lot: 36
  • Municipality: WEYMOUTH
  • Latitude: 42.1957
  • Longitude: -70.9571

    Address

  • Full Address: 16 Austin Rd
  • Address - House Number: 16
  • Address - Street Name: Austin
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Weymouth
  • Carrier Code: C006
  • 4-Digit Zip Code: 2001
  • Zip Code: 02188

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $470,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 528,204
  • High Value: 620,487
  • Low Value: 435,921

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $450,000
  • Assessed Land Value: $198,600
  • Assessed Improvements Value: $251,400

    Sales

  • Current Sale Contract Date: Nov 02, 2022
  • Current Sale Recording Date: Nov 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 99702
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 East Weymouth

Stats & Trends

Median Asking:

$529,500

Sale Price/ft²

$401

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1518 ft²

Average Home Age

82.4 years

Currently For Sale

33 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

Unit for rent at 655 Washington Street, Weymouth, MA, 02188

$3,535 /mo

  • 2 Beds
  • 2 Baths
  • 1,325 ft²
655 Washington Street #B9D, Weymouth, MA, 02188 Listing by Equity Residential
Unit for rent at 1 Matthew Lane, Braintree, MA, 02184

$2,915 /mo

  • 2 Beds
  • 2 Baths
  • 1,140 ft²
1 Matthew Lane #Hamilton, Braintree, MA, 02184 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73051135

Frequently Asked Questions

When was property at 16 Austin Road built and last sold?
The property at 16 Austin Road was built in 1956 and last sold on Nov 2, 2022 for $385,000.
How much is this home worth?
The estimated value of the home located at 16 Austin Road is $367,407.
What are some comparable homes to 16 Austin Road?
There are currently no comparable homes to 16 Austin Road.
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