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Hingham 02043
5 Spring Lane
$975,000
● House - Off Market

5 Spring Lane

Hingham, MA 02043
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,822 Ft²
$1,913,760
RealtyHop Estimate
74.14%
Since Jul 1, 2015
MA-Boston
Primary Model

About This Property

HINGHAM CENTER LOCATION.  Enjoy living in this remodeled 4 bedroom colonial at the end of Spring Lane.  Close to Library, Hingham Square, commuter boat and train.  Spacious open floor plan with gourmet kitchen, opens into dining room with cathedral ceilings.  Large family room with lots of built ins.  Wonderful mudroom space with a door leading out to a private landscaped backyard, 21 x 24 brick patio, hot tub, outdoor shower and fire pit area.  Large master suite addition with wide plank floors, cathedral ceilings, walk in closet and spa like bathroom. Private office area with separate entrance over the garage. Great opportunity to live in a Prime Location.
Unit Size
2,822 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$389
Property Type
House
Property Taxes
$705
HOA Dues
-
Year Built
1947

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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 months ago (MLSPIN #71795968)

Price History

Date / Event Date Event Price
Aug 24, 2021 Sold
Premium
Sold
Jun 1, 2015 Sold
Premium
Sold
Feb 25, 2015 Listed by William Raveis R.E. & Home Services $1,099,000
Listed by William Raveis R.E. & Home Services
Apr 29, 2002 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • 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: 2
  • Basement Area: 606
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,090
  • Total Building Area: 4,115
  • Gross Building Area: 6,071
  • Building Area: 4,115
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,115
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 21380A
  • Land Acres: 0000000323
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hingham School District
  • School Tax School District: HINGHAM SD
  • Census Tract: 501201

Geography

  • Account Number: 1310810000001070
  • Parcel: HING M:81 B:0 L:107
  • Lot: 107
  • Municipality: HINGHAM
  • Latitude: 42.2333
  • Longitude: -70.8766

    Address

  • Full Address: 5 Spring Ln
  • Address - House Number: 5
  • Address - Street Name: Spring
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Hingham
  • Carrier Code: C004
  • 4-Digit Zip Code: 2940
  • Zip Code: 02043

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,294,200

    Appraisal Valuation

  • Standard Deviation: 0.1655
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,599,561
  • High Value: 1,864,306
  • Low Value: 1,334,816

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,294,200
  • Assessed Land Value: $465,800
  • Assessed Improvements Value: $828,400

    Sales

  • Current Sale Contract Date: Aug 24, 2021
  • Current Sale Recording Date: Aug 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 820894
  • Previous Sale Recording Date: Jun 01, 2015
  • Previous Sale Amount: $975,000
  • Previous Sale Document Type: O
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 Hingham

Stats & Trends

Median Asking:

$1,524,000

Sale Price/ft²

$614

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2613 ft²

Average Home Age

211.6 years

Currently For Sale

12 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71795968

Frequently Asked Questions

When was property at 5 Spring Lane built and last sold?
The property at 5 Spring Lane was built in 1947 and last sold on Aug 24, 2021 for $1,220,000.
How much is this home worth?
The estimated value of the home located at 5 Spring Lane is $1,119,265.
What are some comparable homes to 5 Spring Lane?
There are currently no comparable homes to 5 Spring Lane.
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