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Nahant 01908
3 Nautical Lane
$760,000
● House - Off Market

3 Nautical Lane

Nahant, MA 01908
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,267 Ft²
$4,305
Est. Monthly

About This Property

Location! Location! Huge 14,000+ Sq. Foot Lot In Big Nahant! Secluded Cul-de-Sac With Expansive Ocean Views!!!  Large 8 Room, 3 Bedroom, 2 Bathroom Split Entry With Water Views and Roof Deck!! Open Concept Main Level Offers Kitchen, Oversized Fireplaced Living Room With Adjoining Dining Room and Hardwood Floors Throughout. 3 Bedrooms. Primary Bedroom Has Private 3/4 Bath. Lower Level Has 3 Rooms with Potential For Office Space or Bedrooms. 1 Car Garage Under With Interior Access.  Enormous Backyard For Entertaining! Great Opportunity To Build Sweat Equity! Land Alone Holds Asking Price Value! The Property Requires Updating.
Unit Size
2,267 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$331
Property Type
House
Property Taxes
$622
HOA Dues
-
Year Built
1955

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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 #73177451)

Price History

Date / Event Date Event Price
Dec 28, 2023 Sold
Premium
Sold
Nov 11, 2023 In contract -
In contract
Nov 4, 2023 Listed by Toner Real Estate, LLC $749,900
Listed by Toner Real Estate, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 1,652
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,636
  • Total Building Area: 2,267
  • Gross Building Area: 3,372
  • Building Area: 2,267
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,267
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000336
  • 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:0013 B:0000 L:0042
  • Lot: 42
  • Municipality: NAHANT
  • Latitude: 42.4286
  • Longitude: -70.9236

    Address

  • Full Address: 3 Nautical Ln
  • Address - House Number: 3
  • Address - Street Name: Nautical
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Nahant
  • Carrier Code: C002
  • 4-Digit Zip Code: 1217
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $746,600

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 774,721
  • High Value: 836,627
  • Low Value: 712,814

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $821,300
  • Assessed Land Value: $535,400
  • Assessed Improvements Value: $285,900

    Sales

  • Current Sale Contract Date: Dec 28, 2023
  • Current Sale Recording Date: Dec 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 648865
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

3717 ft²

Average Home Age

85.7 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# 73177451

Frequently Asked Questions

When was property at 3 Nautical Lane built and last sold?
The property at 3 Nautical Lane was built in 1955 and last sold on Dec 28, 2023 for $760,000.
How much is this home worth?
The estimated value of the home located at 3 Nautical Lane is $793,547.
What are some comparable homes to 3 Nautical Lane?
There are currently no comparable homes to 3 Nautical Lane.
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