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Swampscott 01907
315 Paradise Rd
$500,000
● House - Off Market

315 Paradise Rd

Swampscott, MA 01907
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,225 Ft²
$585,251
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

Welcome home to your sun filled seven room, three bed, two bath tri-level home. First floor offers a  large family room as well as a full bath. Enjoy the smell of the salty air out on your spacious deck overlooking your large level backyard. Second floor includes living room, dining room, kitchen, three bedrooms and another full bath. Updates include many new windows, new oil tank and new hot water tank. Enjoy all that Swampscott has to offer, moments to Kings Beach and Vinnin Square shops, restaurants and more!
Unit Size
1,225 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$464
Property Type
House
Property Taxes
$449
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: 5 months ago (MLSPIN #72983724)

Price History

Date / Event Date Event Price
Jul 15, 2022 Sold
Premium
Sold
May 18, 2022 Listed by Sagan Harborside Sotheby's International Realty $569,000
Listed by Sagan Harborside Sotheby's International Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 1,014
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,225
  • Gross Building Area: 2,220
  • Building Area: 1,225
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,225
  • Heating Fuel Type: 6

    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
  • School Tax School District: SWAMPSCOTT SD
  • Census Tract: 202101

Zoning

  • Zoning: A-2

Geography

  • Parcel: SWAM M:0034 B:0047 L:0
  • Block: 47
  • Municipality: SWAMPSCOTT
  • Latitude: 42.4778
  • Longitude: -70.908

    Address

  • Full Address: 315 Paradise Rd
  • Address - House Number: 315
  • Address - Street Name: Paradise
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C016
  • 4-Digit Zip Code: 2927
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $553,700

    Appraisal Valuation

  • Standard Deviation: 0.1814
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 570,853
  • High Value: 674,434
  • Low Value: 467,272

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $471,600
  • Assessed Land Value: $250,000
  • Assessed Improvements Value: $221,600

    Sales

  • Current Sale Contract Date: Jul 15, 2022
  • Current Sale Recording Date: Jul 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 637817
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:

$775,000

Sale Price/ft²

$445

Below Asking

0.02%

Average Days on Market

59

Average Home Size

3076 ft²

Average Home Age

86.1 years

Currently For Sale

44 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 months ago
Data Source: MLS PIN, MLS# 72983724

Frequently Asked Questions

When was property at 315 Paradise Road built and last sold?
The property at 315 Paradise Road was built in 1955 and last sold on Jul 15, 2022 for $500,000.
How much is this home worth?
The estimated value of the home located at 315 Paradise Road is $569,206.
What are some comparable homes to 315 Paradise Road?
There are currently no comparable homes to 315 Paradise Road.
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