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Swampscott 01907
41 Spinale Rd
$800,000
● House - Off Market

41 Spinale Rd

Swampscott, MA 01907
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,376 Ft²
$822,746
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

This property has HUGE potential. It offers a large (3,376 sq. ft.), home on over 1 acre of land located on top of a hill situated in the middle of tranquility and privacy.  The home offers plenty of space and is ready for your updating and great ideas. Very convenient to the Swampscott train station, restaurants, shopping, the high school and less than a mile to the beach. Great opportunity to create your own dream home in a wonderful seaside community.
Unit Size
3,376 Ft²
Days on Market
-
Land Size
1.16 acres
Price per sqft
$237
Property Type
House
Property Taxes
$738
HOA Dues
-
Year Built
1969

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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 #72982927)

Price History

Date / Event Date Event Price
Jul 1, 2022 Sold
Premium
Sold
May 17, 2022 Listed by Sagan Harborside Sotheby's International Realty $799,900
Listed by Sagan Harborside Sotheby's International Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 2,280
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,486
  • Total Building Area: 3,376
  • Gross Building Area: 4,720
  • Building Area: 3,376
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 3,376
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001159
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Swampscott School District
  • School Tax School District: SWAMPSCOTT SD
  • Census Tract: 202103

Zoning

  • Zoning: A3

Geography

  • Parcel: SWAM M:0006 B:0239 L:0
  • Block: 239
  • Municipality: SWAMPSCOTT
  • Latitude: 42.4771
  • Longitude: -70.9228

    Address

  • Full Address: 41 Spinale Rd
  • Address - House Number: 41
  • Address - Street Name: Spinale
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C007
  • 4-Digit Zip Code: 1728
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $939,400

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 896,861
  • High Value: 1,036,136
  • Low Value: 757,587

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $800,200
  • Assessed Land Value: $437,200
  • Assessed Improvements Value: $363,000

    Sales

  • Current Sale Contract Date: Jul 01, 2022
  • Current Sale Recording Date: Jul 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220701003390
  • Previous Sale Recording Date: Sep 16, 2013
  • Previous Sale Document Type: 27
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 Swampscott

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$436

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2997 ft²

Average Home Age

99.8 years

Currently For Sale

45 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: 4 months ago
Data Source: MLS PIN, MLS# 72982927

Frequently Asked Questions

When was property at 41 Spinale Road built and last sold?
The property at 41 Spinale Road was built in 1969 and last sold on Jul 1, 2022 for $800,000.
How much is this home worth?
The estimated value of the home located at 41 Spinale Road is $850,145.
What are some comparable homes to 41 Spinale Road?
There are currently no comparable homes to 41 Spinale Road.
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