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Swampscott 01907
34 Pitman Rd
$525,000
● House - Off Market

34 Pitman Rd

Swampscott, MA 01907
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,234 Ft²
$699,062
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model

About This Property

Oversized cape located in the coastal town of Swampscott! This 4 bed, 2.5 bath home is on a dead end street and is adjacent to the commuter rail and close to schools, beach,shops and restaurants. Step into an open concept living and dining room with a sunny office-space/sun-room. 1 bedroom with a walk-in closet is located on the first floor. Large family room in finished basement, well cared/landscaped backyard with patio and deck, gas fireplace, outdoor shed, and lots of closet/storage space. Recently refinished hardwood flooring in living areas. Hop on the commuter rail around the corner to get into Boston in less than a half hour, or head the opposite way to explore towns on the North Shore. Great opportunity to own a home in a historic and charming town.
Unit Size
2,234 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$219
Property Type
House
Property Taxes
$447
HOA Dues
-
Year Built
1910

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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 #72461972)

Price History

Date / Event Date Event Price
Jun 27, 2019 Sold
Premium
Sold
Mar 7, 2019 Listed by Century 21 North East $489,900
Listed by Century 21 North East
Apr 14, 2000 Sold
Premium
Sold
Feb 4, 2000 Listed by Century 21 North East $229,000
Listed by Century 21 North East

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 971
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,615
  • Total Building Area: 1,673
  • Gross Building Area: 2,966
  • Building Area: 1,673
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,673
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAST HILL
  • Land Acres: 0000000083
  • 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: 202104

Zoning

  • Zoning: A3

Geography

  • Parcel: SWAM M:0006 B:0205 L:0
  • Block: 205
  • Municipality: SWAMPSCOTT
  • Latitude: 42.4759
  • Longitude: -70.9209

    Address

  • Full Address: 34 Pitman Rd
  • Address - House Number: 34
  • Address - Street Name: Pitman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C007
  • 4-Digit Zip Code: 1727
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $715,400

    Appraisal Valuation

  • Standard Deviation: 0.1709
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 707,094
  • High Value: 827,959
  • Low Value: 586,230

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $609,400
  • Assessed Land Value: $194,200
  • Assessed Improvements Value: $415,200

    Sales

  • Current Sale Contract Date: Jun 27, 2019
  • Current Sale Recording Date: Jun 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190627004480
  • Previous Sale Recording Date: Apr 14, 2000
  • Previous Sale Amount: $219,000
  • 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

$436

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2877 ft²

Average Home Age

95.8 years

Currently For Sale

51 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# 72461972

Frequently Asked Questions

When was property at 34 Pitman Road built and last sold?
The property at 34 Pitman Road was built in 1910 and last sold on Jun 27, 2019 for $525,000.
How much is this home worth?
The estimated value of the home located at 34 Pitman Road is $509,753.
What are some comparable homes to 34 Pitman Road?
There are currently no comparable homes to 34 Pitman Road.
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