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Nahant 01908 Little Nahant
2 Fallon Way
$330,500
● House - Off Market

2 Fallon Way

Nahant, MA 01908
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,134 Ft²
$658,524
RealtyHop Estimate
82.97%
Since Dec 1, 2014
MA-Boston
Primary Model

About This Property

Escape to this sweet cottage! Perfect for a weekend getaway! Direct oceanfront with all the charm of yesteryear.. Wraparound deck gets you as close to the gentle waves as possible. Watch them role in with the tides as the scenery is always changing! Sunbathers, paddle boarders, kite runners, scuba divers and photo shoots just to name a few! This sweet cottage has been wonderfully updated with an open floor plan, cathedral ceiling, stain glass windows, full bath and bedroom with cedar closet. The lower level has a finished basement with family room and an additional bedroom, laundry and 1/2 bath with sauna. Gas heat, and one car parking. Will require flood insurance which will be between $7000 and $8000 per year
Unit Size
1,134 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$317
Property Type
House
Property Taxes
$298
HOA Dues
-
Year Built
1920

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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 #71744028)

Price History

Date / Event Date Event Price
Nov 25, 2014 Sold
Premium
Sold
Sep 16, 2014 Listed by RE/MAX Advantage Real Estate $359,900
Listed by RE/MAX Advantage Real Estate
May 1, 2008 Sold
Premium
Sold
Sep 17, 2007 Listed by RE/MAX Advantage Real Estate $329,900
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 26
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 490
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,481
  • Total Building Area: 1,036
  • Gross Building Area: 1,542
  • Building Area: 1,036
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,036
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BERNARD F CARAHAR
  • Land Acres: 0000000034
  • 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:0025A B:0000 L:0342
  • Lot: 342
  • Municipality: NAHANT
  • Latitude: 42.437
  • Longitude: -70.9355

    Address

  • Full Address: 2 Fallon Way
  • Address - House Number: 2
  • Address - Street Name: Fallon
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Nahant
  • Carrier Code: C003
  • 4-Digit Zip Code: 1004
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $513,600

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 711,730
  • High Value: 826,694
  • Low Value: 596,765

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $565,000
  • Assessed Land Value: $440,200
  • Assessed Improvements Value: $124,800

    Sales

  • Current Sale Recording Date: Nov 25, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 112500309
  • Previous Sale Recording Date: May 01, 2008
  • Previous Sale Amount: $312,500
  • 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 Little Nahant

Stats & Trends

Median Asking:

$1,682,500

Sale Price/ft²

$531

Above Asking

0.00%

Average Days on Market

86

Average Home Size

1382 ft²

Average Home Age

71 years

Currently For Sale

1 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71744028

Frequently Asked Questions

When was property at 2 Fallon Way built and last sold?
The property at 2 Fallon Way was built in 1920 and last sold on Jan 1, 1970 for $330,500.
How much is this home worth?
The estimated value of the home located at 2 Fallon Way is $360,182.
What are some comparable homes to 2 Fallon Way?
There are currently no comparable homes to 2 Fallon Way.
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