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Hull 02045
56 Bay St
$293,000
● House - Off Market

56 Bay St

Hull, MA 02045
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,301 Ft²
$377,172
RealtyHop Estimate
25.77%
Since Feb 1, 2021
MA-Boston
Primary Model

About This Property

Walk to beaches, playground, entertainment, marinas, restaurants and shopping. First floor w/ partial water views, living room, dining room, oak cabinet kitchen, two bedrooms, full bath and enclosed sun porch. Second floor has spacious master bedroom w/ water views, huge half bath, walk-in closet, separate entrance and private deck. One car garage under and commuter boat-commuter T rail station nearby. This home needs substantial remodeling. No FHA or VA financing. Conventional  financing only with maximum 80% LTV and with 20% down minimum. Cash buyers preferred. House is being sold in as is condition.
Unit Size
1,301 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$231
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
1920

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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: 5 years ago (MLSPIN #72769755)

Price History

Date / Event Date Event Price
Jan 26, 2021 Sold
Premium
Sold
Dec 29, 2020 Listed by Coldwell Banker Realty - Norwell $299,900
Listed by Coldwell Banker Realty - Norwell

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,118
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 3,324
  • Total Building Area: 1,301
  • Gross Building Area: 3,352
  • Building Area: 1,301
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,301
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000076
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hull School District
  • School Tax School District: HULL SD
  • Census Tract: 500104

Zoning

  • Zoning: SFA

Geography

  • Account Number: 35-097
  • District: 142
  • Parcel: HULL M:00035 P:00097
  • Municipality: HULL
  • Latitude: 42.272
  • Longitude: -70.8644

    Address

  • Full Address: 56 Bay St
  • Address - House Number: 56
  • Address - Street Name: Bay
  • Address - Suffix Type: St
  • State: MA
  • City Name: Hull
  • Carrier Code: C009
  • 4-Digit Zip Code: 2838
  • Zip Code: 02045

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $467,000

    Appraisal Valuation

  • Standard Deviation: 0.2054
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 501,498
  • High Value: 604,523
  • Low Value: 398,473

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $400,900
  • Assessed Land Value: $174,900
  • Assessed Improvements Value: $226,000

    Sales

  • Current Sale Contract Date: Jan 18, 2021
  • Current Sale Recording Date: Jan 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9789
  • Previous Sale Recording Date: Aug 30, 2017
  • Previous 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 Hull

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$472

Below Asking

0.02%

Average Days on Market

70

Average Home Size

2155 ft²

Average Home Age

62 years

Currently For Sale

51 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: 5 years ago
Data Source: MLS PIN, MLS# 72769755

Frequently Asked Questions

When was property at 56 Bay Street built and last sold?
The property at 56 Bay Street was built in 1920 and last sold on Jan 18, 2021 for $293,000.
How much is this home worth?
The estimated value of the home located at 56 Bay Street is $0.
What are some comparable homes to 56 Bay Street?
There are currently no comparable homes to 56 Bay Street.
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