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Hingham 02043
16 Bank Ave
$575,000
● House - Off Market

16 Bank Ave

Hingham, MA 02043
bedrooms
1 Bed
bathrooms
2 Baths
square feet
1,196 Ft²
$632,204
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

This charming Nantucket like cottage is located in HINGHAM SQUARE.  Stroll to everything the spectacular Downtown has to offer. Three floors of living space, two full baths, gas and central air. The backyard includes a storage shed and is completely fenced in. Nestled amongst multi million dollar homes. This is an incredible opportunity to add value to this sweet home in the heart of Hingham. WELCOME HOME!
Unit Size
1,196 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$497
Property Type
House
Property Taxes
$400
HOA Dues
-
Year Built
1910

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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 #73012574)

Price History

Date / Event Date Event Price
Oct 27, 2022 Sold
Premium
Sold
Jul 14, 2022 Listed by Coldwell Banker Realty - Hingham $595,000
Listed by Coldwell Banker Realty - Hingham
Jul 16, 2004 Sold
Premium
Sold
Sep 16, 1993 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • 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: 324
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,800
  • Total Building Area: 704
  • Gross Building Area: 1,301
  • Building Area: 704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 704
  • 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: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hingham School District
  • School Tax School District: HINGHAM SD
  • Census Tract: 501102

Geography

  • Account Number: 1310610000000520
  • Parcel: HING M:61 B:0 L:52
  • Lot: 52
  • Municipality: HINGHAM
  • Latitude: 42.2436
  • Longitude: -70.8892

    Address

  • Full Address: 16 Bank Ave
  • Address - House Number: 16
  • Address - Street Name: Bank
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Hingham
  • Carrier Code: C024
  • 4-Digit Zip Code: 1803
  • Zip Code: 02043

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $456,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1655
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 616,462
  • High Value: 718,518
  • Low Value: 514,407

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $456,900
  • Assessed Land Value: $305,700
  • Assessed Improvements Value: $151,200

    Sales

  • Current Sale Contract Date: Sep 28, 2022
  • Current Sale Recording Date: Oct 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 86982
  • Previous Sale Recording Date: Jul 16, 2004
  • Previous Sale Amount: $375,000
  • 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 Hingham

Stats & Trends

Median Asking:

$1,524,000

Sale Price/ft²

$614

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2606 ft²

Average Home Age

166.1 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73012574

Frequently Asked Questions

When was property at 16 Bank Avenue built and last sold?
The property at 16 Bank Avenue was built in 1910 and last sold on Sep 28, 2022 for $575,000.
How much is this home worth?
The estimated value of the home located at 16 Bank Avenue is $605,069.
What are some comparable homes to 16 Bank Avenue?
There are currently no comparable homes to 16 Bank Avenue.
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