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Swampscott 01907
53 Walnut Road
$860,000
● House - Off Market

53 Walnut Road

Swampscott, MA 01907
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,160 Ft²
$911,738
RealtyHop Estimate
7.39%
Since Feb 1, 2023
MA-Boston
Primary Model

About This Property

This is the one you've been waiting for. Relax over your morning coffee in your 4 season porch overlooking Conservation Land. Traditional Colonial with some hardwood floors, fireplace living room, built in china cabinet in dining room. Second floor has 3 bedrooms and a cozy great room with vaulted ceilings. Many built ins and a bar. This room can easily be converted to a bedroom .Bonus finished family room in the basement for exercise room or office, laundry and additional storage. Pull down attic for extra storage . Cul-de-sac side street w/paper road trail at the end. Close to commuter rail restaurants, beaches, shops and school  Must see move in ready!
Unit Size
2,160 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$393
Property Type
House
Property Taxes
$655
HOA Dues
-
Year Built
1984

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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 #73047872)

Price History

Date / Event Date Event Price
Jan 6, 2023 Sold
Premium
Sold
Oct 19, 2022 In contract -
In contract
Oct 13, 2022 Listed by Tache Real Estate, Inc. $849,000
Listed by Tache Real Estate, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,797
  • Total Building Area: 2,160
  • Gross Building Area: 4,016
  • Building Area: 2,160
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,160
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Swampscott School District
  • School Tax School District: SWAMPSCOTT SD
  • Census Tract: 202200

Zoning

  • Zoning: A-2

Geography

  • Parcel: SWAM M:0020 B:0344 L:0
  • Block: 344
  • Municipality: SWAMPSCOTT
  • Latitude: 42.4724
  • Longitude: -70.9043

    Address

  • Full Address: 53 Walnut Rd
  • Address - House Number: 53
  • Address - Street Name: Walnut
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C013
  • 4-Digit Zip Code: 2231
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $810,900

    Appraisal Valuation

  • Standard Deviation: 0.2104
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 918,973
  • High Value: 1,112,349
  • Low Value: 725,598

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $690,700
  • Assessed Land Value: $290,600
  • Assessed Improvements Value: $400,100

    Sales

  • Current Sale Contract Date: Jan 05, 2023
  • Current Sale Recording Date: Jan 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230106000320

    Financing

  • First Mortgage Financing Type: ADJ
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 Swampscott

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$436

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2992 ft²

Average Home Age

97.6 years

Currently For Sale

49 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# 73047872

Frequently Asked Questions

When was property at 53 Walnut Road built and last sold?
The property at 53 Walnut Road was built in 1984 and last sold on Jan 5, 2023 for $860,000.
How much is this home worth?
The estimated value of the home located at 53 Walnut Road is $871,166.
What are some comparable homes to 53 Walnut Road?
There are currently no comparable homes to 53 Walnut Road.
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