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Nahant 01908
22 Spring Road
$610,000
● House - Off Market

22 Spring Road

Nahant, MA 01908
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,080 Ft²
$688,131
RealtyHop Estimate
12.81%
Since Dec 1, 2021
MA-Boston
Primary Model

About This Property

Enjoy coastal living in this 2 bed, 1 bath turnkey home. BONUS partially finished est 700 sq feet lower level that could easily be converted to add another bedroom/bath and family room (making whole house over 1700 sq ft) Plumbing and  electrical already installed. Unique opportunity to live in a seaside town in a one level home, ideal for a family, single or senior with easy access to Nahant's activities. Centrally located yards from the beach, shops, golf course and school, this 2 bed 1 bath home has an open floor plan and is ready for move-in.  Hardwood floors, newer (2 years) boiler and hot water heater.  Large back yard for entertaining. 1 car garage attached and 4 car parking.  Nahant is a peninsula, surrounded by beaches and nature, with a close commute to Boston and Logan airport, and has low taxes
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$565
Property Type
House
Property Taxes
$410
HOA Dues
-
Year Built
1956

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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: 5 years ago (MLSPIN #72896415)

Price History

Date / Event Date Event Price
Nov 17, 2021 Sold
Premium
Sold
Sep 16, 2021 Listed by Coldwell Banker Realty - Marblehead $610,000
Listed by Coldwell Banker Realty - Marblehead
Mar 19, 2012 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,080
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,421
  • Total Building Area: 1,080
  • Gross Building Area: 2,160
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNSET HILL
  • Land Acres: 0000000147
  • 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:0016 B:0000 L:0005
  • Lot: 5
  • Municipality: NAHANT
  • Latitude: 42.4259
  • Longitude: -70.9299

    Address

  • Full Address: 22 Spring Rd
  • Address - House Number: 22
  • Address - Street Name: Spring
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Nahant
  • Carrier Code: C005
  • 4-Digit Zip Code: 1231
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $520,300

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 631,616
  • High Value: 682,087
  • Low Value: 581,145

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $572,400
  • Assessed Land Value: $357,000
  • Assessed Improvements Value: $215,400

    Sales

  • Current Sale Contract Date: Nov 17, 2021
  • Current Sale Recording Date: Nov 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211117004060
  • Previous Sale Recording Date: Mar 19, 2012
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: 55
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:

$932,500

Sale Price/ft²

$564

Below Asking

0.01%

Average Days on Market

51

Average Home Size

3739 ft²

Average Home Age

83.6 years

Currently For Sale

15 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: 5 years ago
Data Source: MLS PIN, MLS# 72896415

Frequently Asked Questions

When was property at 22 Spring Road built and last sold?
The property at 22 Spring Road was built in 1956 and last sold on Nov 17, 2021 for $610,000.
How much is this home worth?
The estimated value of the home located at 22 Spring Road is $619,624.
What are some comparable homes to 22 Spring Road?
There are currently no comparable homes to 22 Spring Road.
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