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Nahant 01908
49 Colby Way
$285,000
● House - Off Market

49 Colby Way

Nahant, MA 01908
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,317 Ft²
$658,322
RealtyHop Estimate
105.73%
Since Sep 1, 2009
MA-Boston
Primary Model

About This Property

INCREDIBLE OPPORTUNITY.GREAT FAMILY HOME. OCEAN VIEW FROM THE SECOND FLOOR BEDROOMS WINDOW. NICE YARD, GARAGE AND OFF STREET PARKING.
Unit Size
1,317 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$243
Property Type
House
Property Taxes
$241
HOA Dues
-
Year Built
1930

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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 years ago (MLSPIN #70855230)

Price History

Date / Event Date Event Price
Aug 4, 2009 Sold
Premium
Sold
Dec 11, 2008 Listed by Nahant Associates, Inc. $320,000
Listed by Nahant Associates, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 528
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,938
  • Total Building Area: 1,282
  • Gross Building Area: 2,282
  • Building Area: 1,282
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,282
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000090
  • 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:0046
  • Lot: 46
  • Municipality: NAHANT
  • Latitude: 42.4194
  • Longitude: -70.9318

    Address

  • Full Address: 49 Colby Way
  • Address - House Number: 49
  • Address - Street Name: Colby
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Nahant
  • Carrier Code: C004
  • 4-Digit Zip Code: 1545
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $476,700

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 680,563
  • High Value: 790,493
  • Low Value: 570,632

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $524,400
  • Assessed Land Value: $286,300
  • Assessed Improvements Value: $238,100

    Sales

  • Current Sale Recording Date: Aug 04, 2009
  • Current Sale Price:
    Premium
  • Current 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:

$950,000

Sale Price/ft²

$554

Below Asking

0.01%

Average Days on Market

52

Average Home Size

3572 ft²

Average Home Age

84.6 years

Currently For Sale

16 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: 4 years ago
Data Source: MLS PIN, MLS# 70855230

Frequently Asked Questions

When was property at 49 Colby Way built and last sold?
The property at 49 Colby Way was built in 1930 and last sold on Jan 1, 1970 for $285,000.
How much is this home worth?
The estimated value of the home located at 49 Colby Way is $345,951.
What are some comparable homes to 49 Colby Way?
There are currently no comparable homes to 49 Colby Way.
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