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Nahant 01908
4 Spring Road
$525,000
● House - Off Market

4 Spring Road

Nahant, MA 01908
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,638 Ft²
$801,676
RealtyHop Estimate
48.73%
Since Dec 1, 2018
MA-Boston
Primary Model

About This Property

A lovely older home, situated approximately 2 minutes from the beach, with some waterviews, 2-car detached garage as well as options for parking. It also has a finished basement apartment with approximately four rooms and a bath. The property is in average condition but needs some renovation.and is being sold in "as in" condition.
Unit Size
2,638 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$204
Property Type
House
Property Taxes
$433
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: 5 months ago (MLSPIN #72384860)

Price History

Date / Event Date Event Price
Nov 30, 2018 Sold
Premium
Sold
Aug 27, 2018 Listed by Nahant Associates, Inc. $539,000
Listed by Nahant Associates, Inc.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,222
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Total Building Area: 2,638
  • Gross Building Area: 3,438
  • Building Area: 2,638
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,638
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • 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:0016 B:0000 L:0045
  • Lot: 45
  • Municipality: NAHANT
  • Latitude: 42.4274
  • Longitude: -70.9297

    Address

  • Full Address: 4 Spring Rd
  • Address - House Number: 4
  • Address - Street Name: Spring
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Nahant
  • Carrier Code: C005
  • 4-Digit Zip Code: 1231
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $638,700

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 946,397
  • High Value: 1,106,416
  • Low Value: 786,378

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $702,600
  • Assessed Land Value: $366,400
  • Assessed Improvements Value: $336,200

    Sales

  • Current Sale Recording Date: Nov 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181130003630
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 Nahant

Stats & Trends

Median Asking:

$950,000

Sale Price/ft²

$574

Below Asking

0.01%

Average Days on Market

59

Average Home Size

3820 ft²

Average Home Age

104.5 years

Currently For Sale

14 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: 5 months ago
Data Source: MLS PIN, MLS# 72384860

Frequently Asked Questions

When was property at 4 Spring Road built and last sold?
The property at 4 Spring Road was built in 1900 and last sold on Jan 1, 1970 for $525,000.
How much is this home worth?
The estimated value of the home located at 4 Spring Road is $596,684.
What are some comparable homes to 4 Spring Road?
There are currently no comparable homes to 4 Spring Road.
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