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Nahant 01908 Little Nahant
4 Fallon Way
Photo of 4 Fallon Way
Sold on Apr 29, 2010

1

Map

$199,000
● House - Off Market

4 Fallon Way

Nahant, MA 01908
bedrooms
2 Beds
bathrooms
1 Bath
square feet
927 Ft²
$410,375
RealtyHop Estimate
105.29%
Since May 1, 2010
MA-Boston
Primary Model

About This Property

Fannie Mae owned steps to ocean!! Needs work but great potential!! Ideal for investors or 203K rehab financing!! Homepath financing available (Special Financing). Won't last! Seller is offering a 3.5% incentive for Buyers who purchase a Fannie Mae-owned home between Jan. 28 and April 30, 2010. Please write incentive in offer.
Unit Size
927 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$216
Property Type
House
Property Taxes
$249
HOA Dues
-
Year Built
1920

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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 #71015044)

Price History

Date / Event Date Event Price
Apr 29, 2010 Sold
Premium
Sold
Mar 10, 2010 Sold
Premium
Sold
Jan 5, 2010 Listed $199,900
Listed

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 26
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 452
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,459
  • Total Building Area: 927
  • Gross Building Area: 1,964
  • Building Area: 927
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 927
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BERNARD F CARAHAR
  • Land Acres: 0000000033
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Swampscott School District in Nahant (7-12)
  • School Tax School District: NAHANT SD
  • Census Tract: 201100

Zoning

  • Zoning: R2

Geography

  • Parcel: NAHA M:0025A B:0000 L:0343
  • Lot: 343
  • Municipality: NAHANT
  • Latitude: 42.4369
  • Longitude: -70.9354

    Address

  • Full Address: 4 Fallon Way
  • Address - House Number: 4
  • Address - Street Name: Fallon
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Nahant
  • Carrier Code: C003
  • 4-Digit Zip Code: 1004
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $458,600

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 628,376
  • High Value: 742,543
  • Low Value: 514,209

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $504,500
  • Assessed Land Value: $390,500
  • Assessed Improvements Value: $114,000

    Sales

  • Current Sale Recording Date: Apr 29, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 10, 2010
  • Previous Sale Amount: $231,176
  • Previous Sale Document Type: 34
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 Little Nahant

Stats & Trends

Median Asking:

$1,682,500

Sale Price/ft²

$531

Above Asking

0.00%

Average Days on Market

86

Average Home Size

1382 ft²

Average Home Age

71 years

Currently For Sale

1 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71015044

Frequently Asked Questions

When was property at 4 Fallon Way built and last sold?
The property at 4 Fallon Way was built in 1920 and last sold on Jan 1, 1970 for $199,000.
How much is this home worth?
The estimated value of the home located at 4 Fallon Way is $204,708.
What are some comparable homes to 4 Fallon Way?
There are currently no comparable homes to 4 Fallon Way.
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