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Malden 02148 Maplewood
40 Princeton Rd
$400,000
● House - Off Market

40 Princeton Rd

Malden, MA 02148
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,482 Ft²
$710,448
RealtyHop Estimate
69.19%
Since May 1, 2016
MA-Boston
Primary Model

About This Property

Fantastic Forestdale location near Oak Grove and Pine Banks. Well maintained 3-4 bedroom bungalow with 4 car off street parking plus 1 gar detached garage. Front and rear enclosed porches. New architectural shingled roof installed 2014. Low maintenance vinyl siding exterior. Newly re-finished oak hardwood floors (2016) on 1st and 2nd level. New white vinyl fence installed 2014. Most of the windows replaced with vinyl dual pane insulated windows. Gutters with leaf guards. Weil McLean boiler fueled by oil. Natural gas for cooking.
Unit Size
1,482 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$283
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
1931

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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 #71950863)

Price History

Date / Event Date Event Price
Apr 20, 2016 Sold
Premium
Sold
Jan 21, 2016 Listed by Joe Bean Real Estate $419,900
Listed by Joe Bean Real Estate

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 988
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,458
  • Total Building Area: 1,284
  • Gross Building Area: 3,122
  • Building Area: 1,284
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,284
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000125
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Malden School District
  • School Tax School District: MALDEN SD
  • Census Tract: 341600

Zoning

  • Zoning: RESA

Geography

  • Parcel: MALD M:113 B:807 L:749
  • Block: 807
  • Lot: 749
  • Municipality: MALDEN
  • Latitude: 42.4373
  • Longitude: -71.0542

    Address

  • Full Address: 40 Princeton Rd
  • Address - House Number: 40
  • Address - Street Name: Princeton
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Malden
  • Carrier Code: C049
  • 4-Digit Zip Code: 1642
  • Zip Code: 02148

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $661,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1787
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 663,222
  • High Value: 781,806
  • Low Value: 544,638

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $565,500
  • Assessed Land Value: $304,900
  • Assessed Improvements Value: $260,600

    Sales

  • Current Sale Recording Date: Apr 20, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 60459
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 Maplewood

Stats & Trends

Median Asking:

$727,000

Sale Price/ft²

$413

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1962 ft²

Average Home Age

92 years

Currently For Sale

33 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

Unit for rent at 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71950863

Frequently Asked Questions

When was property at 40 Princeton Road built and last sold?
The property at 40 Princeton Road was built in 1931 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 40 Princeton Road is $432,013.
What are some comparable homes to 40 Princeton Road?
There are currently no comparable homes to 40 Princeton Road.
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