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Swampscott 01907
56 Elwin St
$642,500
● House - Off Market

56 Elwin St

Swampscott, MA 01907
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,909 Ft²
$1,077,278
RealtyHop Estimate
65.76%
Since Nov 1, 2016
MA-Boston
Primary Model

About This Property

Stunning contemporary!  Located just minutes from the commuter rail, 12 miles from Logan airport and 14 miles from Boston, this bright and sunny 4 bed, 3.5 bath features the best of modern living. You will love the gourmet kitchen with Viking 6 burner stove, Viking refrigerator, under counter wine cooler, and granite countertops, Central A/C. 7 zone radiant gas heat.  Gas fireplace, central vac, high ceilings, open loft spaces, dramatic windows, pond views, radiant heated garage, sprinkler system, and so much more.  Beautiful moldings, details, and hardwood floors combined with a contemporary layout give this home the best of the classic and the modern. 2 car garage and plenty of parking complete this wonderful home. Move in and enjoy all that the coastal town lifestyle has to offer.
Unit Size
2,909 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$223
Property Type
House
Property Taxes
$785
HOA Dues
-
Year Built
2003

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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 months ago (MLSPIN #72041738)

Price History

Date / Event Date Event Price
Nov 2, 2020 Sold
Premium
Sold
Aug 27, 2020 Listed by Harborside Sotheby's International Realty $749,000
Listed by Harborside Sotheby's International Realty
Oct 21, 2016 Sold
Premium
Sold
Jul 21, 2016 Listed by Harborside Sotheby's International Realty $649,900
Listed by Harborside Sotheby's International Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,251
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,882
  • Total Building Area: 2,628
  • Gross Building Area: 4,045
  • Building Area: 2,628
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,628
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000158
  • 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: 202103

Zoning

  • Zoning: A2

Geography

  • Parcel: SWAM M:0009 B:0543 L:0
  • Block: 543
  • Municipality: SWAMPSCOTT
  • Latitude: 42.4834
  • Longitude: -70.9263

    Address

  • Full Address: 56 Elwin St
  • Address - House Number: 56
  • Address - Street Name: Elwin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C018
  • 4-Digit Zip Code: 1065
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,049,400

    Appraisal Valuation

  • Standard Deviation: 0.1553
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,023,675
  • High Value: 1,182,675
  • Low Value: 864,674

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $893,900
  • Assessed Land Value: $216,600
  • Assessed Improvements Value: $677,300

    Sales

  • Current Sale Contract Date: Oct 22, 2020
  • Current Sale Recording Date: Nov 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 618047
  • Previous Sale Recording Date: Oct 21, 2016
  • Previous Sale Contract Date: Oct 03, 2016
  • Previous Sale Amount: $642,500
  • 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 Swampscott

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$442

Below Asking

0.02%

Average Days on Market

59

Average Home Size

3016 ft²

Average Home Age

84.6 years

Currently For Sale

46 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72041738

Frequently Asked Questions

When was property at 56 Elwin Street built and last sold?
The property at 56 Elwin Street was built in 2003 and last sold on Oct 22, 2020 for $810,000.
How much is this home worth?
The estimated value of the home located at 56 Elwin Street is $779,598.
What are some comparable homes to 56 Elwin Street?
There are currently no comparable homes to 56 Elwin Street.
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