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Essex
4 Patton Drive
$335,000
● Land - Off Market

4 Patton Drive

Hamilton, MA 01982
bedrooms
Studio
bathrooms
0 Bath
$636,802
RealtyHop Estimate
90.09%
Since Oct 1, 2013
MA-Boston
Primary Model

About This Property

This highly desirable Cul de Sac is next to the top rated Winthrop Elementary School, and just steps to Myopia Hunt Club, Patton Park with it's summer concerts, swimming pool and playground. Just 1/2 mile to fine dining and commuter train to Boston.  The 2 building sites are level, offer with septic designs, town water, gas line in street, and ready build your dream house.
Unit Size
-
Days on Market
-
Land Size
0.68 acres
Price per sqft
-
Property Type
Land
Property Taxes
$415
HOA Dues
-
Year Built
2013

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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 #71555499)

Price History

Date / Event Date Event Price
Apr 13, 2022 Sold
Premium
Sold
Sep 17, 2013 Sold
Premium
Sold
Jul 15, 2013 Listed by RE/MAX Advantage Real Estate $335,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,266
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,429
  • Total Building Area: 2,346
  • Gross Building Area: 5,096
  • Building Area: 2,346
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,346
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000676
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hamilton-Wenham School District
  • Census Tract: 215101

Zoning

  • Zoning: R1A

Geography

  • Account Number: 1312
  • Parcel: HAMI M:56 B:15
  • Block: 15
  • Lot: 15
  • Municipality: HAMILTON
  • Latitude: 42.6146
  • Longitude: -70.8666

    Address

  • Full Address: 4 Patton Dr
  • Address - House Number: 4
  • Address - Street Name: Patton
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: South Hamilton
  • Carrier Code: C001
  • 4-Digit Zip Code: 1924
  • Zip Code: 01982

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,781,600

    Appraisal Valuation

  • Standard Deviation: 0.1724
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 1,248,228
  • High Value: 1,463,698
  • Low Value: 1,032,758

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,179,100
  • Assessed Land Value: $424,700
  • Assessed Improvements Value: $754,400

    Sales

  • Current Sale Contract Date: Apr 13, 2022
  • Current Sale Recording Date: Apr 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220413001780
  • Previous Sale Recording Date: Sep 17, 2013
  • Previous Sale Amount: $335,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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# 71555499

Frequently Asked Questions

When was property at 4 Patton Drive built and last sold?
The property at 4 Patton Drive was built in 2013 and last sold on Apr 13, 2022 for $1,300,000.
How much is this home worth?
The estimated value of the home located at 4 Patton Drive is $338,350.
What are some comparable homes to 4 Patton Drive?
There are currently no comparable homes to 4 Patton Drive.
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