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Nahant 01908
2 Castle Way
$510,000
● House - Off Market

2 Castle Way

Nahant, MA 01908
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,836 Ft²
$1,044,588
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

Bright 3 BR Ranch, two large family rooms/ dens. Large kitchen w/ granite counter tops. Hardwood floors in family room & hallways, custom tile in kitchen & carpet in bedrooms. This house is bigger than it looks. House is owned by plumber. New 96% heating system. Radiant heat throughout. Very warm home. Heavy duty Harman gas fireplace w/ beautiful stonework just completed last year. Partial basement with built in shelves & storage in attic. lots of windows. Convenient outdoor shower. Won't last..
Unit Size
1,836 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$299
Property Type
House
Property Taxes
$296
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71514305)

Price History

Date / Event Date Event Price
Jul 1, 2013 Sold
Premium
Sold
Apr 24, 2013 Listed by SoldOnMLS.com $549,000
Listed by SoldOnMLS.com
Sep 2, 2005 Sold
Premium
Sold
Jun 30, 2005 Listed by SoldOnMLS.com $499,900
Listed by SoldOnMLS.com

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 480
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,836
  • Gross Building Area: 2,328
  • Building Area: 1,836
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,836
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CASTLE WAY
  • Land Acres: 0000000230
  • 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:0024 B:0000 L:0009
  • Lot: 9
  • Municipality: NAHANT
  • Latitude: 42.4282
  • Longitude: -70.9337

    Address

  • Full Address: 2 Castle Way
  • Address - House Number: 2
  • Address - Street Name: Castle
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Nahant
  • Carrier Code: C005
  • 4-Digit Zip Code: 1171
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $705,100

    Appraisal Valuation

  • Standard Deviation: 0.1683
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 943,599
  • High Value: 1,102,438
  • Low Value: 784,759

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $775,700
  • Assessed Land Value: $350,000
  • Assessed Improvements Value: $425,700

    Sales

  • Current Sale Recording Date: Jul 01, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 70100406
  • Previous Sale Recording Date: Sep 02, 2005
  • Previous Sale Amount: $470,000
  • 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 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# 71514305

Frequently Asked Questions

When was property at 2 Castle Way built and last sold?
The property at 2 Castle Way was built in 1962 and last sold on Jan 1, 1970 for $510,000.
How much is this home worth?
The estimated value of the home located at 2 Castle Way is $574,510.
What are some comparable homes to 2 Castle Way?
There are currently no comparable homes to 2 Castle Way.
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