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Winthrop Town 02152 Point Shirley
171 Strandway
$445,000
● House - Off Market

171 Strandway

Winthrop, MA 02152
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,406 Ft²
$727,187
RealtyHop Estimate
56.38%
Since Dec 1, 2017
MA-Boston
Primary Model

About This Property

Opportunity knocks! Contractors take notice. Own this Point Shirley home with spectacular ocean views. Perfect for the commuter. Walking distance to bus transportation that runs directly to blue line. Just steps to Yirell Beach, Coughlin Park, Deer Island, Winthrop Yacht Club and public boat ramp. This home needs work but, has so much potential  It just needs your personal touch. Property is being sold in "AS IS" condition. This home may not qualify for FHA financing. For the investor or contractor, bring your ideas to possibly double your investment. Cash offers preferred. Sold as is.
Unit Size
1,406 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$331
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
2022

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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 #72222018)

Price History

Date / Event Date Event Price
May 27, 2021 Sold
Premium
Sold
Nov 3, 2017 Sold
Premium
Sold
Sep 2, 2017 Listed by Keller Williams Realty Boston-Metro | Back Bay $465,000
Listed by Keller Williams Realty Boston-Metro | Back Bay

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • 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: 2,921
  • Total Building Area: 2,392
  • Gross Building Area: 2,988
  • Building Area: 2,392
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,392
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000067
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Winthrop School District
  • School Tax School District: WINTHROP SD
  • Census Tract: 180500

Geography

  • Parcel: WINT M:003 L:072
  • Lot: 72
  • Municipality: WINTHROP
  • Latitude: 42.3574
  • Longitude: -70.9693

    Address

  • Full Address: 171 Strandway
  • Address - House Number: 171
  • Address - Street Name: Strandway
  • State: MA
  • City Name: Winthrop
  • Carrier Code: C062
  • 4-Digit Zip Code: 1461
  • Zip Code: 02152

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,140,600

    Appraisal Valuation

  • Standard Deviation: 0.1829
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 856,119
  • High Value: 1,012,772
  • Low Value: 699,466

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,094,600
  • Assessed Land Value: $410,800
  • Assessed Improvements Value: $683,800

    Sales

  • Current Sale Contract Date: May 27, 2021
  • Current Sale Recording Date: May 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 59442
  • Previous Sale Recording Date: Nov 03, 2017
  • Previous Sale Amount: $445,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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 Point Shirley

Stats & Trends

Median Asking:

$775,000

Sale Price/ft²

$500

Below Asking

0.01%

Average Days on Market

84

Average Home Size

1581 ft²

Average Home Age

107.9 years

Currently For Sale

12 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# 72222018

Frequently Asked Questions

When was property at 171 Strand Way built and last sold?
The property at 171 Strand Way was built in 2022 and last sold on May 27, 2021 for $455,000.
How much is this home worth?
The estimated value of the home located at 171 Strand Way is $480,323.
What are some comparable homes to 171 Strand Way?
There are currently no comparable homes to 171 Strand Way.
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