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Swampscott 01907
2 Sumner St
$685,500
● House - Off Market

2 Sumner St

Swampscott, MA 01907
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,090 Ft²
$1,304,308
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

A must see! The interior offers open concept living featuring a new chefs kitchen with top of the line appliances: Miele Dishwasher; Wolf Rangetop with griddle and charbroiler; Sub Zero Refrigerator and Wine Refrigerator; Double Dacor Ovens; Dacor Warming Drawer; 6 1/2 foot Granite Island with prep sink; surround sound system. Master suite has 900 sq ft with 2 California walk in closets, master bath glass enclosure shower and much more. Not a drive by.
Unit Size
3,090 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$222
Property Type
House
Property Taxes
$933
HOA Dues
-
Year Built
1960

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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 #71486809)

Price History

Date / Event Date Event Price
Jul 10, 2013 Sold
Premium
Sold
Feb 27, 2013 Listed by Weichert REALTORS® Blueprint Brokers $685,500
Listed by Weichert REALTORS® Blueprint Brokers
Jun 20, 2002 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,216
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,189
  • Total Building Area: 3,090
  • Gross Building Area: 4,621
  • Building Area: 3,090
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,090
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000188
  • 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: A-2

Geography

  • Parcel: SWAM M:0027 B:0214 L:0
  • Block: 214
  • Municipality: SWAMPSCOTT
  • Latitude: 42.4789
  • Longitude: -70.8934

    Address

  • Full Address: 2 Sumner St
  • Address - House Number: 2
  • Address - Street Name: Sumner
  • Address - Suffix Type: St
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C010
  • 4-Digit Zip Code: 1411
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,195,600

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,159,979
  • High Value: 1,358,091
  • Low Value: 961,867

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,018,400
  • Assessed Land Value: $346,800
  • Assessed Improvements Value: $671,600

    Sales

  • Current Sale Recording Date: Jul 10, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 544394
  • Previous Sale Recording Date: Jun 20, 2002
  • Previous Sale Amount: $700,000
  • Previous Sale Document Type: 48
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71486809

Frequently Asked Questions

When was property at 2 Sumner Street built and last sold?
The property at 2 Sumner Street was built in 1960 and last sold on Jan 1, 1970 for $685,000.
How much is this home worth?
The estimated value of the home located at 2 Sumner Street is $721,525.
What are some comparable homes to 2 Sumner Street?
There are currently no comparable homes to 2 Sumner Street.
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