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Hingham 02043
2 Joy Lane
$420,000
● House - Off Market

2 Joy Lane

Hingham, MA 02043
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,622 Ft²
$1,009,129
RealtyHop Estimate
129.40%
Since Jun 1, 2002
MA-Boston
Primary Model

About This Property

CHARMING & WELL MAINTAINED! HARDWD FLS,WONDERFUL BACK YARD. NEW LANDSCAPING,SPRINKLER SYS,ROOF,GUTTERS,WINDOWS,EXTERIOR PAINT.WALK TO LIBRARY & TOWN. A PLEASURE TO SHOW! NEW SEPTIC TO BE INSTALLED.
Unit Size
1,622 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$271
Property Type
House
Property Taxes
$289
HOA Dues
-
Year Built
1890

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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 years ago (MLSPIN #30589908)

Price History

Date / Event Date Event Price
May 13, 2002 Sold
Premium
Sold
Mar 21, 2002 Listed by Coldwell Banker Realty - Hingham $439,900
Listed by Coldwell Banker Realty - Hingham
Jan 20, 1995 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,019
  • Total Building Area: 1,669
  • Gross Building Area: 2,104
  • Building Area: 1,669
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,669
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000414
  • 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: 501101

Geography

  • Account Number: 1310730000000110
  • Parcel: HING M:73 B:0 L:11
  • Lot: 11
  • Municipality: HINGHAM
  • Latitude: 42.2393
  • Longitude: -70.871

    Address

  • Full Address: 2 Joy Ln
  • Address - House Number: 2
  • Address - Street Name: Joy
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Hingham
  • Carrier Code: C004
  • 4-Digit Zip Code: 1924
  • Zip Code: 02043

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $648,200

    Appraisal Valuation

  • Standard Deviation: 0.2296
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 942,060
  • High Value: 1,158,359
  • Low Value: 725,761

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $648,200
  • Assessed Land Value: $475,200
  • Assessed Improvements Value: $173,000

    Sales

  • Current Sale Recording Date: May 13, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 20, 1995
  • Previous Sale Amount: $202,000
  • 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:

$1,549,000

Sale Price/ft²

$605

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2507 ft²

Average Home Age

161.8 years

Currently For Sale

17 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 years ago
Data Source: MLS PIN, MLS# 30589908

Frequently Asked Questions

When was property at 2 Joy Lane built and last sold?
The property at 2 Joy Lane was built in 1890 and last sold on Jan 1, 1970 for $420,000.
How much is this home worth?
The estimated value of the home located at 2 Joy Lane is $0.
What are some comparable homes to 2 Joy Lane?
There are currently no comparable homes to 2 Joy Lane.
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