For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Swampscott 01907
3 Millett Ln
$776,000
● House - Off Market

3 Millett Ln

Swampscott, MA 01907
bedrooms
3 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
2,198 Ft²
$861,848
RealtyHop Estimate
16.48%
Since Jun 1, 2021
MA-Boston
Primary Model

About This Property

Three Millett Lane is a well-maintained 3 bedroom home located within walking distance to Fisherman's Beach (.3 miles). This home also features a beautiful fireplace in the main living room, hard wood flooring, large bedrooms and a master suite. The den offers exits to both the garage and the fenced-in back yard with raised garden beds and a new shed. The finished basement with full bath, cedar closet and floor to ceiling built-in cabinets also provides access to a huge storage area. The heating system with over-sized water tank and the central A/C have all been updated in the last 4 years. This is a beautiful home on its' own nestled in a quiet neighborhood, but has the added bonuses of being close to the ocean, great restaurants, shopping areas and the Swampscott T-Station. This is a must see!
Unit Size
2,198 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$337
Property Type
House
Property Taxes
$720
HOA Dues
-
Year Built
1968

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #72807559)

Price History

Date / Event Date Event Price
May 28, 2021 Sold
Premium
Sold
Apr 1, 2021 Listed by LAER Realty Partners $739,900
Listed by LAER Realty Partners
Apr 25, 1995 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • 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: 41
  • 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: 1,582
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,538
  • Total Building Area: 2,198
  • Gross Building Area: 3,192
  • Building Area: 2,198
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,198
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000196
  • 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:0019 B:0230 L:0
  • Block: 230
  • Municipality: SWAMPSCOTT
  • Latitude: 42.4696
  • Longitude: -70.9071

    Address

  • Full Address: 3 Millett Ln
  • Address - House Number: 3
  • Address - Street Name: Millett
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C003
  • 4-Digit Zip Code: 2116
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $912,400

    Appraisal Valuation

  • Standard Deviation: 0.1701
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 898,750
  • High Value: 1,051,708
  • Low Value: 745,791

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $777,200
  • Assessed Land Value: $331,900
  • Assessed Improvements Value: $445,300

    Sales

  • Current Sale Contract Date: May 28, 2021
  • Current Sale Recording Date: May 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210528003510
  • Previous Sale Recording Date: Apr 25, 1995
  • Previous Sale Amount: $234,000
  • 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 Swampscott

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$433

Below Asking

0.03%

Average Days on Market

59

Average Home Size

3036 ft²

Average Home Age

85.4 years

Currently For Sale

45 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72807559

Frequently Asked Questions

When was property at 3 Millett Lane built and last sold?
The property at 3 Millett Lane was built in 1968 and last sold on May 28, 2021 for $776,000.
How much is this home worth?
The estimated value of the home located at 3 Millett Lane is $765,279.
What are some comparable homes to 3 Millett Lane?
There are currently no comparable homes to 3 Millett Lane.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Swampscott Homes for Sale
Swampscott Houses for Sale
Swampscott Condos for Sale
Swampscott Multifamily for Sale
Swampscott Land for Sale
Swampscott Commercial for Sale
Swampscott Homes with Basements
Swampscott Homes with Pools
Nearby Cities
Lynn Homes for Sale
Salem Homes for Sale
Revere Homes for Sale
Saugus Homes for Sale
Marblehead Homes for Sale
Nahant Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Plymouth County, MA Property Records
Hillsborough County, NH Property Records
Bristol County, MA Property Records
Neighborhoods
West Revere Real Estate
Peabody Town Center Real Estate
Salem Neck Real Estate
Cliftondale Real Estate
Downtown Revere Real Estate
Crescent Beach Real Estate
Lynnhurst Real Estate
Downtown Saugus Real Estate
Nearby Counties
Lynn Homes for Sale
Salem Homes for Sale
Revere Homes for Sale
Saugus Homes for Sale
Marblehead Homes for Sale
Nahant Homes for Sale
Top Real Estate Agents
Top Agents in Swampscott
Top Agents in Lynn
Top Agents in Lynn
Top Agents in Salem
Top Agents in Salem
Top Agents in 01970
Top Agents in Revere
Top Agents in Revere