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Swampscott 01907
367 Forest Ave
$425,000
● House - Off Market

367 Forest Ave

Swampscott, MA 01907
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,840 Ft²
$674,121
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

Space abounds in this four bedroom, 1 1/2 bath, 1800+ square foot colonial.  Walk to Swampscott Middle School and baseball/softball fields, tennis courts and park.  Also walk to downtown restaurants and beaches.  Great for a contractor, the house features some nice period details including hardwood floors, built-ins and trim work.  Office/sunroom with built-in is off the living room with fireplace.  Eat-in kitchen that leads to deck with pantry.  Four spacious bedrooms.  Walk up attic with house fan.  New heating system (2019) and newer vinyl windows throughout.   Additional full bath in basement and cedar closet.  This home has great potential.  Property being sold in as-is condition.
Unit Size
1,840 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$272
Property Type
House
Property Taxes
$538
HOA Dues
-
Year Built
1930

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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 #72634554)

Price History

Date / Event Date Event Price
Jul 1, 2020 Sold
Premium
Sold
Mar 17, 2020 Listed by RE/MAX Advantage Real Estate $499,900
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 944
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,358
  • Total Building Area: 1,840
  • Gross Building Area: 3,955
  • Building Area: 1,840
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,840
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000123
  • 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: A2

Geography

  • Parcel: SWAM M:0016 B:0126 L:0
  • Block: 126
  • Municipality: SWAMPSCOTT
  • Latitude: 42.4725
  • Longitude: -70.9096

    Address

  • Full Address: 367 Forest Ave
  • Address - House Number: 367
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C013
  • 4-Digit Zip Code: 2153
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $773,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 803,760
  • High Value: 941,034
  • Low Value: 666,486

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $659,200
  • Assessed Land Value: $251,200
  • Assessed Improvements Value: $408,000

    Sales

  • Current Sale Contract Date: Jun 30, 2020
  • Current Sale Recording Date: Jul 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 613684
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

57

Average Home Size

2992 ft²

Average Home Age

97.6 years

Currently For Sale

49 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# 72634554

Frequently Asked Questions

When was property at 367 Forest Avenue built and last sold?
The property at 367 Forest Avenue was built in 1930 and last sold on Jun 30, 2020 for $425,000.
How much is this home worth?
The estimated value of the home located at 367 Forest Avenue is $511,703.
What are some comparable homes to 367 Forest Avenue?
There are currently no comparable homes to 367 Forest Avenue.
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