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Saugus 01906 Downtown Saugus
40 Pearson Street
$364,000
● House - Off Market

40 Pearson Street

Saugus, MA 01906
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,260 Ft²
$592,207
RealtyHop Estimate
55.84%
Since Oct 1, 2017
MA-Boston
Primary Model

About This Property

Beautiful desirable  location, Three bedrooms with possibility of making it Four with eat in the kitchen, move in condition, fresh paint, hardwood floors, new carpet on the second floor, minutes to Saugus center,  fairly new gas heating system and hot water tank, updated  electrical system, recently installed fence, fireplace, exterior maintenance free.
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$302
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1945

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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: 6 months ago (MLSPIN #72198653)

Price History

Date / Event Date Event Price
Sep 11, 2017 Sold
Premium
Sold
Jul 15, 2017 Listed by Animat Realty $380,000
Listed by Animat Realty
Mar 28, 2017 Sold
Premium
Sold
Jan 9, 2007 Sold
Premium
Sold
Nov 8, 2006 Listed by NextStep Properties, Inc. $290,000
Listed by NextStep Properties, Inc.
PRICED TO SELL!!! WON'T LAST!!! Highly Desirable Saugus Center location!! Hardwood floors in great condition. Newer roof, newer heating system. Freshly painted interior. WON'T LAST!!!
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 2
  • Basement Area: 756
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,092
  • Gross Building Area: 2,264
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Saugus School District
  • School Tax School District: SAUGUS SD
  • Census Tract: 208200

Zoning

  • Zoning: NA

Geography

  • Account Number: 6047008
  • Parcel: SAUG M:008-F B:0006 L:0005
  • Block: 6
  • Lot: 5
  • Municipality: SAUGUS
  • Latitude: 42.464
  • Longitude: -71.006

    Address

  • Full Address: 40 Pearson St
  • Address - House Number: 40
  • Address - Street Name: Pearson
  • Address - Suffix Type: St
  • State: MA
  • City Name: Saugus
  • Carrier Code: C014
  • 4-Digit Zip Code: 2337
  • Zip Code: 01906

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $546,000

    Appraisal Valuation

  • Standard Deviation: 0.1756
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 582,084
  • High Value: 684,341
  • Low Value: 479,826

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $512,700
  • Assessed Land Value: $306,000
  • Assessed Improvements Value: $206,700

    Sales

  • Current Sale Recording Date: Sep 11, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 254
  • Previous Sale Recording Date: Mar 28, 2017
  • Previous Sale Amount: $293,000
  • 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 Downtown Saugus

Stats & Trends

Median Asking:

$689,500

Sale Price/ft²

$387

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1442 ft²

Average Home Age

61.8 years

Currently For Sale

5 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: 6 months ago
Data Source: MLS PIN, MLS# 72198653

Frequently Asked Questions

When was property at 40 Pearson Street built and last sold?
The property at 40 Pearson Street was built in 1945 and last sold on Jan 1, 1970 for $364,000.
How much is this home worth?
The estimated value of the home located at 40 Pearson Street is $391,403.
What are some comparable homes to 40 Pearson Street?
There are currently no comparable homes to 40 Pearson Street.
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