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Swampscott 01907
38 Thomas Road
Photo of 38 Thomas Road
Sold on Mar 16, 2007

1

Map

$399,500
● House - Off Market

38 Thomas Road

Swampscott, MA 01907
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,321 Ft²
$802,027
RealtyHop Estimate
88.76%
Since Apr 1, 2007
MA-Boston
Primary Model

About This Property

This beautiful and immaculately well kept 3 bedroom 1 1/2 bathroom home with many recent improvements, including updated kitchen, custom built-in and new professionally designed and landscaped yard, is in a fabulous location in the Monument Area of the Olmsted Historic District.  It is centrally located only two blocks from the ocean, a five minute walk to the Commuter Rail to Boston and convenient to all that the Town of Swampscott has to offer!
Unit Size
1,321 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$322
Property Type
House
Property Taxes
$380
HOA Dues
-
Year Built
1900

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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 #70503069)

Price History

Date / Event Date Event Price
Mar 16, 2007 Sold
Premium
Sold
Dec 28, 2006 Listed $424,900
Listed
Jan 7, 2005 Sold
Premium
Sold
Jul 31, 1997 Sold
Premium
Sold
May 13, 1997 Listed by Coldwell Banker Residential Brokerage - Swampscott $184,900
Listed by Coldwell Banker Residential Brokerage - Swampscott
VERY GOOD CONDITION, CLOSE TO BEACH, SCHOOL, TRANSPORTATION, MONUMENT AREA.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 796
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,006
  • Total Building Area: 1,321
  • Gross Building Area: 2,534
  • Building Area: 1,321
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,321
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000069
  • 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:0001 B:0046 L:0
  • Block: 46
  • Municipality: SWAMPSCOTT
  • Latitude: 42.471
  • Longitude: -70.9192

    Address

  • Full Address: 38 Thomas Rd
  • Address - House Number: 38
  • Address - Street Name: Thomas
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C006
  • 4-Digit Zip Code: 1953
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $686,900

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 726,058
  • High Value: 837,300
  • Low Value: 614,816

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $585,100
  • Assessed Land Value: $264,200
  • Assessed Improvements Value: $320,900

    Sales

  • Current Sale Recording Date: Mar 16, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 07, 2005
  • Previous Sale Amount: $420,000
  • 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

57

Average Home Size

2972 ft²

Average Home Age

100.7 years

Currently For Sale

46 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# 70503069

Frequently Asked Questions

When was property at 38 Thomas Road built and last sold?
The property at 38 Thomas Road was built in 1900 and last sold on Jan 1, 1970 for $399,500.
How much is this home worth?
The estimated value of the home located at 38 Thomas Road is $438,209.
What are some comparable homes to 38 Thomas Road?
There are currently no comparable homes to 38 Thomas Road.
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