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Nahant 01908
46 Colby Way
Photo of 46 Colby Way
Sold on Jul 30, 2004

1

Map

$360,000
● House - Off Market

46 Colby Way

Nahant, MA 01908
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,176 Ft²
$702,494
RealtyHop Estimate
87.33%
Since Aug 1, 2004
MA-Boston
Primary Model

About This Property

Oceanviews from both levels! Sunny, pleasant home w/open floor plan, den, office space and workshop area. Addditional Deeded parking 1600sq.ft. room for cars or boat parking. NOT A DRIVE BY! House is spacious!
Unit Size
1,176 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$319
Property Type
House
Property Taxes
$176
HOA Dues
-
Year Built
1940

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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 #70034926)

Price History

Date / Event Date Event Price
Jul 30, 2004 Sold
Premium
Sold
May 15, 2004 Listed $375,000
Listed
Sep 14, 1995 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 784
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,498
  • Total Building Area: 1,176
  • Gross Building Area: 2,376
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000034
  • 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:0018 B:0000 L:0020
  • Lot: 20
  • Municipality: NAHANT
  • Latitude: 42.4195
  • Longitude: -70.9316

    Address

  • Full Address: 46 Colby Way
  • Address - House Number: 46
  • Address - Street Name: Colby
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Nahant
  • Carrier Code: C004
  • 4-Digit Zip Code: 1510
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $452,800

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 663,602
  • High Value: 765,454
  • Low Value: 561,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $498,100
  • Assessed Land Value: $247,700
  • Assessed Improvements Value: $250,400

    Sales

  • Current Sale Recording Date: Jul 30, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 14, 1995
  • Previous Sale Amount: $139,000
  • 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 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70034926

Frequently Asked Questions

When was property at 46 Colby Way built and last sold?
The property at 46 Colby Way was built in 1940 and last sold on Jan 1, 1970 for $360,000.
How much is this home worth?
The estimated value of the home located at 46 Colby Way is $394,061.
What are some comparable homes to 46 Colby Way?
There are currently no comparable homes to 46 Colby Way.
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