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Swampscott 01907
39 Banks Road
$375,000
● House - Off Market

39 Banks Road

Swampscott, MA 01907
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,074 Ft²
$786,074
RealtyHop Estimate
89.42%
Since Sep 1, 2013
MA-Boston
Primary Model

About This Property

New REDUCED PRICE, great value...Many Renovations...Newer GRANITE Kitchen, pantry, and island with Kraftmaid cabinetry.1&1/2 Baths, First floor has lovely entryway, Dining Rm, Living Rm, Family Rm, and 3 season front porch., 2 decks, 2 car Garage, Central Air, newer windows Fabulous 5 Bedroom Colonial with Great  craftsmanship throughout the home.Hardwood flooring, recessed lighting, high ceilings, crown moldings. Close to Parks and 2 minute drive to the beach.
Unit Size
2,074 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$200
Property Type
House
Property Taxes
$512
HOA Dues
-
Year Built
1917

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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 #71459806)

Price History

Date / Event Date Event Price
Aug 20, 2013 Sold
Premium
Sold
Nov 26, 2012 Listed by Sagan Agency REALTORS® $415,000
Listed by Sagan Agency REALTORS®
Feb 6, 2004 Sold
Premium
Sold
Sep 17, 2003 Listed by Sagan Agency REALTORS® $474,000
Listed by Sagan Agency REALTORS®
Apr 1, 1996 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,094
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,142
  • Total Building Area: 2,074
  • Gross Building Area: 3,994
  • Building Area: 2,074
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,074
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000141
  • 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:0016 B:0044 L:0
  • Block: 44
  • Municipality: SWAMPSCOTT
  • Latitude: 42.4738
  • Longitude: -70.9135

    Address

  • Full Address: 39 Banks Rd
  • Address - House Number: 39
  • Address - Street Name: Banks
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C012
  • 4-Digit Zip Code: 2059
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $743,700

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 776,720
  • High Value: 899,406
  • Low Value: 654,034

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $633,500
  • Assessed Land Value: $302,500
  • Assessed Improvements Value: $331,000

    Sales

  • Current Sale Recording Date: Aug 20, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Feb 06, 2004
  • Previous Sale Amount: $468,000
  • 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

59

Average Home Size

2951 ft²

Average Home Age

88.4 years

Currently For Sale

48 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# 71459806

Frequently Asked Questions

When was property at 39 Banks Road built and last sold?
The property at 39 Banks Road was built in 1917 and last sold on Jan 1, 1970 for $375,000.
How much is this home worth?
The estimated value of the home located at 39 Banks Road is $418,554.
What are some comparable homes to 39 Banks Road?
There are currently no comparable homes to 39 Banks Road.
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