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Nahant 01908
3 Karolyn Circle
$900,000
● House - Off Market

3 Karolyn Circle

Nahant, MA 01908
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,048 Ft²
$976,105
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

This pretty Colonial stands proud on a double corner lot, has ocean views, a beautiful inground pool and ample living space with 2048 sq feet.  A good sized yard and a deck to catch the ocean breezes checks all the boxes. With 3 bedrooms and an office, 2.5 baths, and an open floor plan on the main level, there are many ways to use the space. Harvey windows throughout, ocean views from both floors, and 6 car parking. The in-ground pool promises endless hours of fun and there's a new sunsetter and plenty of cabana space. The partially finished basement is walk out with w/d and a ¾ bath, Systems have been beautifully maintained, new furnace 2018, Superstor Ultra, and 3 zone radiator heat. All this is located close to school, beach and golf course.
Unit Size
2,048 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$463
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1923

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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 #72971660)

Price History

Date / Event Date Event Price
Jul 29, 2022 Sold
Premium
Sold
Apr 26, 2022 Listed by Coldwell Banker Realty - Marblehead $949,000
Listed by Coldwell Banker Realty - Marblehead

Property Highlights

Parking Available
With View

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 780
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 8,560
  • Total Building Area: 2,048
  • Gross Building Area: 2,696
  • Building Area: 2,048
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,048
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000197
  • 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:0022 B:0000 L:0058
  • Lot: 58
  • Municipality: NAHANT
  • Latitude: 42.4246
  • Longitude: -70.9349

    Address

  • Full Address: 3 Karolyn Cir
  • Address - House Number: 3
  • Address - Street Name: Karolyn
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Nahant
  • Carrier Code: C004
  • 4-Digit Zip Code: 1118
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $618,100

    Appraisal Valuation

  • Standard Deviation: 0.1702
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 943,631
  • High Value: 1,104,279
  • Low Value: 782,984

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $680,000
  • Assessed Land Value: $382,700
  • Assessed Improvements Value: $297,300

    Sales

  • Current Sale Contract Date: Jul 29, 2022
  • Current Sale Recording Date: Jul 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220729005100
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:

$950,000

Sale Price/ft²

$554

Below Asking

0.01%

Average Days on Market

52

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: 4 months ago
Data Source: MLS PIN, MLS# 72971660

Frequently Asked Questions

When was property at 3 Karolyn Circle built and last sold?
The property at 3 Karolyn Circle was built in 1923 and last sold on Jul 29, 2022 for $900,000.
How much is this home worth?
The estimated value of the home located at 3 Karolyn Circle is $969,594.
What are some comparable homes to 3 Karolyn Circle?
There are currently no comparable homes to 3 Karolyn Circle.
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