$390,000
●
Condo -
Off Market
48 Spinney Path #2
Nahant, MA 01908
2 Beds
2 Baths
1,135 Ft²
$546,240
RealtyHop Estimate
48.03%
Since Sep 1, 2018
MA-Boston
Primary Model
About This Property
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.
Unit Size
1,135 Ft²
Days on Market
-
Land Size
-
Price per sqft
$325
Property Type
Condo
Property Taxes
$279
HOA Dues
$100
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 #72340626)
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 | |||
Show More
Property Highlights
Parking Available
With View
Fireplace
Parking Details
Parking Features: Off Street, Assigned
Interior Details
Full Bathrooms: 2
Interior Features: Entry Hall
Appliances: Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
Flooring Type: Tile, Hardwood
Door Features: Storm Door(s), Insulated Doors
Laundry Features: In Unit, Gas Dryer Hookup, Washer Hookup
Rooms: 5
Has Fireplace
Fireplaces: 1
Basement: N
Exterior Details
Has Property Attached
Square Footage: 1135
Year Built Source: Public Records
Year Built: 1979
Waterfront Features: Beach Access, Ocean, Sound, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Building Name: Ocean Bluff Condominium
Building Area Total: 1135
Building Area Units: Square Feet
Window Features: Insulated Windows, Storm Window(s)
Construction Materials: Frame
Patio and Porch Features: Porch, Deck, Covered, Deck - Composite
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $326,600
Tax Annual Amount: $3,348
Utilities Details
Cooling Type: None
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance
HOA Fee: $100
HOA Fee Frequency: Monthly
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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