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Swampscott 01907
378 Forest Ave
$615,000
● House - Off Market

378 Forest Ave

Swampscott, MA 01907
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,479 Ft²
$1,142,513
RealtyHop Estimate
76.04%
Since Jun 1, 2015
MA-Boston
Primary Model

About This Property

Stunning home with all the bells and whistles. Top of the line features throughout.  New windows and lighting. New two panel solid wood interior doors. Gleaming hardwood floors, Large fireplaced living room with Travertine surround and custom mantel, fireplace with newly installed flue.Mahogany custom cabinets in kitchen with high end stainless appliances and honed granite counters, family room with custom built ins,Great open floor plan designed for entertaining.Central air, Newly built front porch perfect place to enjoy a morning cup of coffee. Walk up attic for easy storage or future expansion plans. Ample closet space. Garage with new door and electric eye opener. Fenced in property with underground sprinklers. Walk to schools and beach. A truly special home.
Unit Size
2,479 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$262
Property Type
House
Property Taxes
$685
HOA Dues
-
Year Built
1950

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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 #71803253)

Price History

Date / Event Date Event Price
Jun 30, 2021 Sold
Premium
Sold
May 11, 2021 Listed by Conway - Swampscott $729,900
Listed by Conway - Swampscott
May 13, 2015 Sold
Premium
Sold
Mar 18, 2015 Listed by Conway - Swampscott $649,000
Listed by Conway - Swampscott
Oct 10, 2006 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 9
  • Basement Area: 1,855
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,886
  • Total Building Area: 2,448
  • Gross Building Area: 5,843
  • Building Area: 2,448
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,448
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000204
  • 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: A2

Geography

  • Parcel: SWAM M:0019 B:0271 L:0
  • Block: 271
  • Municipality: SWAMPSCOTT
  • Latitude: 42.4722
  • Longitude: -70.9095

    Address

  • Full Address: 378 Forest Ave
  • Address - House Number: 378
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C013
  • 4-Digit Zip Code: 2152
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $884,400

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 892,230
  • High Value: 1,044,591
  • Low Value: 739,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $753,300
  • Assessed Land Value: $288,400
  • Assessed Improvements Value: $464,900

    Sales

  • Current Sale Contract Date: Jun 16, 2021
  • Current Sale Recording Date: Jun 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 626811
  • Previous Sale Recording Date: May 13, 2015
  • Previous Sale Amount: $615,000
  • Previous Sale Document Type: O
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71803253

Frequently Asked Questions

When was property at 378 Forest Avenue built and last sold?
The property at 378 Forest Avenue was built in 1950 and last sold on Jun 16, 2021 for $760,000.
How much is this home worth?
The estimated value of the home located at 378 Forest Avenue is $737,675.
What are some comparable homes to 378 Forest Avenue?
There are currently no comparable homes to 378 Forest Avenue.
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