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Nahant 01908
40 Summer
Photo of 40 Summer
Sold on Jan 31, 2011

1

Map

$450,000
● House - Off Market

40 Summer

Nahant, MA 01908
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,914 Ft²
$1,040,386
RealtyHop Estimate
113.68%
Since Feb 1, 2011
MA-Boston
Primary Model

About This Property

Subject to 3rd party approval. Being sold "as is"  Appliances left as gifts.  Registered Land  This home is situated very nicely on a lovely lot there is a unique wooden archway in a garden of mature plantings, stonework and stone benches that give a "zen" appeal, the rear deck is surrounded by tall trees and greens. Some TLC would go a long way in transforming this home into  a lovely oasis. With some tlc this home could be very nice, it has morning sun and afternoon sunlight.
Unit Size
1,914 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$254
Property Type
House
Property Taxes
$406
HOA Dues
-
Year Built
1966

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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: 11 months ago (MLSPIN #71151478)

Price History

Date / Event Date Event Price
Jan 31, 2011 Sold
Premium
Sold
Oct 15, 2010 Listed by Nahant Associates, Inc. $486,900
Listed by Nahant Associates, Inc.

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,369
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,067
  • Total Building Area: 1,915
  • Gross Building Area: 3,646
  • Building Area: 1,915
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,915
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000231
  • 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:0007 B:0000 L:0004A
  • Lot: 4A
  • Municipality: NAHANT
  • Latitude: 42.4245
  • Longitude: -70.9166

    Address

  • Full Address: 40 Summer St
  • Address - House Number: 40
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Nahant
  • Carrier Code: C001
  • 4-Digit Zip Code: 1437
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $640,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 908,140
  • High Value: 1,051,584
  • Low Value: 764,695

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $705,000
  • Assessed Land Value: $400,800
  • Assessed Improvements Value: $304,200

    Sales

  • Current Sale Recording Date: Jan 31, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 00000051
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:

$932,500

Sale Price/ft²

$564

Below Asking

0.01%

Average Days on Market

51

Average Home Size

3739 ft²

Average Home Age

83.6 years

Currently For Sale

15 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: 11 months ago
Data Source: MLS PIN, MLS# 71151478

Frequently Asked Questions

When was property at 40 Summer Street built and last sold?
The property at 40 Summer Street was built in 1966 and last sold on Jan 1, 1970 for $450,000.
How much is this home worth?
The estimated value of the home located at 40 Summer Street is $0.
What are some comparable homes to 40 Summer Street?
There are currently no comparable homes to 40 Summer Street.
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