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Nahant 01908
56 Spinney Path
$580,000
● House - Off Market

56 Spinney Path

Nahant, MA 01908
bedrooms
3 Beds
bathrooms
3 Baths
square feet
3,105 Ft²
$984,445
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

... Must See!  One of a kind Contemporary style home built approx 1977. This house offers  3 bedrooms, 3 bathrooms 2 fireplace living rooms and 3+ off street parking.  The incredibly spacious roof top deck is perfect for outdoor living and entertaining or just enjoying the ocean and sunset views! Nahant is close to Boston, and Logan International Airport! It is also a great seaside community with sandy beaches, sailing, kite surfing, kayaking, platform tennis, parks, walking paths and so much more!
Unit Size
3,105 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$193
Property Type
House
Property Taxes
$383
HOA Dues
-
Year Built
1977

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72046671)

Price History

Date / Event Date Event Price
Dec 1, 2016 Sold
Premium
Sold
Aug 1, 2016 Listed by Nahant Associates, Inc. $599,000
Listed by Nahant Associates, Inc.

Property Highlights

Parking Available
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 14
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,035
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,245
  • Total Building Area: 3,101
  • Gross Building Area: 4,264
  • Building Area: 3,101
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,101
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000074
  • 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:0095
  • Lot: 95
  • Municipality: NAHANT
  • Latitude: 42.4193
  • Longitude: -70.9328

    Address

  • Full Address: 56 Spinney Path
  • Address - House Number: 56
  • Address - Street Name: Spinney
  • Address - Suffix Type: Path
  • State: MA
  • City Name: Nahant
  • Carrier Code: C004
  • 4-Digit Zip Code: 1536
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $696,400

    Appraisal Valuation

  • Standard Deviation: 0.1522
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 949,562
  • High Value: 1,094,173
  • Low Value: 804,951

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $766,100
  • Assessed Land Value: $263,100
  • Assessed Improvements Value: $503,000

    Sales

  • Current Sale Recording Date: Dec 01, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 465
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 months ago
Data Source: MLS PIN, MLS# 72046671

Frequently Asked Questions

When was property at 56 Spinney Path built and last sold?
The property at 56 Spinney Path was built in 1977 and last sold on Jan 1, 1970 for $580,000.
How much is this home worth?
The estimated value of the home located at 56 Spinney Path is $672,660.
What are some comparable homes to 56 Spinney Path?
There are currently no comparable homes to 56 Spinney Path.
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