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Nahant 01908
3 Desmond Drive
Photo of 3 Desmond Drive
Sold on May 29, 2025

42

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Photo of 3 Desmond Drive
Photo of 3 Desmond Drive
$680,000
● House - Off Market

3 Desmond Drive

Nahant, MA 01908
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,262 Ft²
$3,787
Est. Monthly
4.81%
Cap Rate

About This Property

Looking for a serene cul-de-sac and single level living?  This 3 bed, 1 bath ranch home is ideally situated close to Tudor Beach, the Town wharf and the library. With 3 generous bedrooms, a living room with wood burning fireplace and a 2nd family room, there is ample space and easy one level living. It is nestled on a 10,000 square foot lot, partially fenced and with a 1 car garage. An outdoor patio off the primary bedroom is a very private backyard. Out of the flood zone and on a quiet street. The basement has high ceilings and an additional 988 square feet, with interior access that could easily be finished off.  A wonderful chance to get into a quiet neighborhood and add your touches.
Unit Size
1,262 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$514
Property Type
House
Property Taxes
$599
HOA Dues
-
Year Built
1959

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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: 2 years ago (MLSPIN #73343244)

Price History

Date / Event Date Event Price
May 29, 2025 Sold
Premium
Sold
Mar 19, 2025 In contract -
In contract
Mar 10, 2025 Listed $649,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 988
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,262
  • Gross Building Area: 2,686
  • Building Area: 1,262
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,262
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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:0003A B:0000 L:0103
  • Lot: 103
  • Municipality: NAHANT
  • Latitude: 42.4232
  • Longitude: -70.9146

    Address

  • Full Address: 3 Desmond Dr
  • Address - House Number: 3
  • Address - Street Name: Desmond
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Nahant
  • Carrier Code: C001
  • 4-Digit Zip Code: 1411
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $582,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 821,866
  • High Value: 951,684
  • Low Value: 692,049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $640,800
  • Assessed Land Value: $400,000
  • Assessed Improvements Value: $240,800
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

Rentals Near You

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Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73343244

Frequently Asked Questions

When was property at 3 Desmond Drive built and last sold?
The property at 3 Desmond Drive was built in 1959 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3 Desmond Drive is $0.
What are some comparable homes to 3 Desmond Drive?
There are currently no comparable homes to 3 Desmond Drive.
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