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Nahant 01908
45 Maolis Rd
$650,000
● House - Off Market

45 Maolis Rd

Nahant, MA 01908
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,416 Ft²
$1,066,227
RealtyHop Estimate
48.29%
Since Jun 1, 2018
MA-Boston
Primary Model

About This Property

**OPEN HOUSE Sunday 4/15 from 12-1:30pm.** Life is better by the sea! This elevated seaside cape affords beautiful views of Nahant Bay from both floors. Fantastic opportunity to renovate to suit. Quarter acre corner lot with tons of possibilities to take advantage of amazing ocean views. Huge garage, with stairs to loft, has generous storage and workshop space. Spacious and open fireplaced living area. Bedroom and full bath with laundry on first level. Two bedrooms and full bath on second. Charming vintage kitchen. Full basement. This is a tremendous opportunity for a savvy investor who enjoys the sights, sounds, and smells of oceanside living!
Unit Size
2,416 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$298
Property Type
House
Property Taxes
$595
HOA Dues
-
Year Built
1950

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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 #72281705)

Price History

Date / Event Date Event Price
May 11, 2018 Sold
Premium
Sold
Feb 14, 2018 Listed by Keller Williams Realty Evolution $719,000
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 1,064
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,289
  • Total Building Area: 2,944
  • Gross Building Area: 5,834
  • Building Area: 2,944
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,944
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000236
  • 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:0010 B:0000 L:0043
  • Lot: 43
  • Municipality: NAHANT
  • Latitude: 42.428
  • Longitude: -70.9193

    Address

  • Full Address: 45 Maolis Rd
  • Address - House Number: 45
  • Address - Street Name: Maolis
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Nahant
  • Carrier Code: C002
  • 4-Digit Zip Code: 1318
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $855,300

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,219,168
  • High Value: 1,411,741
  • Low Value: 1,026,595

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $940,900
  • Assessed Land Value: $585,000
  • Assessed Improvements Value: $355,900

    Sales

  • Current Sale Contract Date: Nov 01, 2018
  • Current Sale Recording Date: Nov 05, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 597241
  • Previous Sale Recording Date: May 11, 2018
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: 55
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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72281705

Frequently Asked Questions

When was property at 45 Maolis Road built and last sold?
The property at 45 Maolis Road was built in 1950 and last sold on Nov 1, 2018 for $0.
How much is this home worth?
The estimated value of the home located at 45 Maolis Road is $754,945.
What are some comparable homes to 45 Maolis Road?
There are currently no comparable homes to 45 Maolis Road.
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