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Swampscott 01907
2 Burke Drive
Photo of 2 Burke Drive
Sold on Sep 30, 2004

1

Map

$575,000
● House - Off Market

2 Burke Drive

Swampscott, MA 01907
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,352 Ft²
$1,102,316
RealtyHop Estimate
84.03%
Since Oct 1, 2004
MA-Boston
Primary Model

About This Property

Young 4 bedroom 2 1/2 bath Colonial located on a quiet cul-de-sac in a wooded setting.  Open floor plan, hardwoods, LR and DR with bay windows, Fireplaced family room, large eat-in kitchen with doors to deck, Central VAC, 2 Car EE garage, Newer roof, New utilities. Easy walk to all the schools.
Unit Size
2,352 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$255
Property Type
House
Property Taxes
$584
HOA Dues
-
Year Built
1984

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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 #70049277)

Price History

Date / Event Date Event Price
May 5, 2023 Sold
Premium
Sold
Sep 27, 2022 Temporarily off market -
Temporarily off market
Sep 27, 2022 Back on market -
Back on market
Sep 16, 2022 Temporarily off market -
Temporarily off market
Jun 21, 2022 Listed $1,125,000
Listed
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Basement Area: 1,176
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,985
  • Total Building Area: 2,928
  • Gross Building Area: 5,136
  • Building Area: 2,928
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,928
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE HILL ROAD & WALNUT ROAD E
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Swampscott School District
  • School Tax School District: SWAMPSCOTT SD
  • Census Tract: 202200

Zoning

  • Zoning: A2

Geography

  • Parcel: SWAM M:0018 B:011E L:0
  • Block: 11E
  • Municipality: SWAMPSCOTT
  • Latitude: 42.4742
  • Longitude: -70.9055

    Address

  • Full Address: 2 Burke Dr
  • Address - House Number: 2
  • Address - Street Name: Burke
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C013
  • 4-Digit Zip Code: 2229
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,307,700

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 1,214,624
  • High Value: 1,311,682
  • Low Value: 1,117,565

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,113,900
  • Assessed Land Value: $434,800
  • Assessed Improvements Value: $679,100

    Sales

  • Current Sale Contract Date: May 05, 2023
  • Current Sale Recording Date: May 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230505001300
  • Previous Sale Recording Date: Apr 10, 2018
  • 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 Swampscott

Stats & Trends

Median Asking:

$749,995

Sale Price/ft²

$435

Below Asking

0.02%

Average Days on Market

58

Average Home Size

3028 ft²

Average Home Age

98.2 years

Currently For Sale

47 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# 70049277

Frequently Asked Questions

When was property at 2 Burke Drive built and last sold?
The property at 2 Burke Drive was built in 1984 and last sold on May 5, 2023 for $1,080,000.
How much is this home worth?
The estimated value of the home located at 2 Burke Drive is $1,136,250.
What are some comparable homes to 2 Burke Drive?
There are currently no comparable homes to 2 Burke Drive.
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