$215,000
●
Condo -
Off Market
48 Spinney Path #2
Nahant, MA 01908
2 Beds
2 Baths
1,013 Ft²
$465,737
RealtyHop Estimate
94.87%
Since Apr 1, 2004
MA-Boston
Primary Model
About This Property
PROPERTY BEING SOLD "AS IS" DECKS IN NEED OF REPAIR/MOISTURE IN
LOWER LEVEL
Unit Size
1,013 Ft²
Days on Market
-
Land Size
-
Price per sqft
$236
Property Type
Condo
Property Taxes
$150
HOA Dues
-
Year Built
1979
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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 #30807199)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 29, 2021 | Sold | ||
| Sold | |||
| Sep 9, 2021 | Listed by Lamacchia Realty, Inc. | $400,000 | |
| Listed by Lamacchia Realty, Inc. | |||
| | |||
|
*All offers due by 9:00am on Monday 09/13/21* Take in the breathtaking views from every corner of this fabulous 2 bed, 2 bath, penthouse unit located just minutes from resident only Nahant beaches! Open concept main living area featuring hardwood throughout, kitchen with stainless appliances & granite counters, fireplaced living room, dining area and large windows allowing tons of natural light. Upstairs you will find the 2 bedrooms including the master bedroom with access to two additional decks, floor to ceiling windows, cathedral/beamed ceilings, skylights, en suite bathroom, and excellent closet space. In unit laundry, gas utilities, and 2 car off-street parking exclusive to this unit. Updates during sellers ownership include new dishwasher ('18), new hot water heater ('18), new carpet on spiral staircase ('19) and decks painted ('20-'21). With ocean views of the Boston skyline and beyond you do not want miss out on this excellent opportunity!
| |||
| Aug 27, 2018 | Sold | ||
| Sold | |||
| Jun 6, 2018 | Listed by Lamacchia Realty, Inc. | $369,000 | |
| Listed by Lamacchia Realty, Inc. | |||
| | |||
|
Be the best you can beach! Fabulous views from this sky high 2 bed/2 bath duplex-style condo in charming Nahant! The main living level features expansive views, open concept floor-plan, renovated kitchen with stainless steel appliances, wood cabinets and granite countertops. Additionally there is a cute dining area and laundry. Enjoy warm summer nights on one of the FOUR decks while staring at the ocean. When the weather turns chilly, snuggle up to the fireplace and watch the sunsets over the Boston skyline. The bedrooms upstairs are airy with high ceilings and ocean views. The master has an en suite bathroom and walk-in closet area. Surrounded by resident-only beaches and a short commute to Boston and Logan airport, this home is a beautiful retreat from the hustle and bustle of city life.
| |||
| Jun 24, 2016 | Sold | ||
| Sold | |||
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Property Highlights
Parking Available
Parking Details
Parking Features: Off Street
Interior Details
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Flooring Type: Wood, Tile, Carpet
Rooms: 4
Basement: N
Exterior Details
Has Property Attached
Square Footage: 1013
Year Built Source: Public Records
Year Built: 1979
Waterfront Features: Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Building Name: Ocean Bluff Condominium Trust
Building Area Total: 1013
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Units: Acres
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $197,500
Tax Annual Amount: $1,801
Utilities Details
Cooling Type: None
Heating Type: Forced Air
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/09/2021
|
2 Bed
|
2 Bath
|
1135 ft²
|
$400,000
2 Bed
2 Bath
1135 ft²
|
$450,000
+12.50%
10/29/2021
|
Lisa Hayford
Lamacchia Realty, Inc.
| |
|
06/08/2018
| |
2 Bed
|
2 Bath
|
1135 ft²
|
-
2 Bed
2 Bath
1135 ft²
|
-
-
|
-
|
|
06/06/2018
|
2 Bed
|
2 Bath
|
1135 ft²
|
$369,000
2 Bed
2 Bath
1135 ft²
|
$390,000
+5.69%
08/27/2018
|
O'Connor & Highland
Keller Williams Realty Boston-Metro | Back Bay
| |
|
04/21/2016
|
2 Bed
|
2 Bath
|
1135 ft²
|
$349,000
2 Bed
2 Bath
1135 ft²
|
$338,000
-3.15%
06/24/2016
|
Karen Butt
Compass
| |
|
06/19/2013
|
2 Bed
|
2 Bath
|
1135 ft²
|
$299,000
2 Bed
2 Bath
1135 ft²
|
$299,000
08/26/2013
|
Paul Reardon
William Raveis R.E. & Home Services
| |
|
01/27/2004
|
2 Bed
|
2 Bath
|
1013 ft²
|
$239,000
2 Bed
2 Bath
1013 ft²
|
$215,000
-10.04%
03/29/2004
|
Betty Macarelli
Nahant Associates, Inc.
| |
|
06/03/2003
|
2 Bed
|
2 Bath
|
1135 ft²
|
$289,000
2 Bed
2 Bath
1135 ft²
|
$278,500
-3.63%
08/15/2003
|
Betty Macarelli
Nahant Associates, Inc.
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017