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Winthrop Town 02152 Downtown Winthrop
56 Waldemar Ave
$550,000
● House - Off Market

56 Waldemar Ave

Winthrop, MA 02152
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,310 Ft²
$783,388
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Welcome to FIFTY SIX Waldemar Avenue in Winthrop by the Sea!    This move in ready home is nestled away in a prime location and underwent extensive renovations in 2016. New roof, kitchen, baths, siding, and floors just to name a few. This picture perfect home offers character and charm with a modern flare. From the original built in china cabinet to the modern kitchen that boasts granite and stainless steel appliances. This home is equipped with a large, landscaped yard and a private garage. Driveway is shared with 58 Waldemar but it leads to 3 private spots out back. High ceilings in basement with the potential to finish the space. Come enjoy Winthrop's beaches, restaurants, yacht clubs, water ferry and private golf course. Minutes to downtown Boston and Logan airport.
Unit Size
1,310 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$420
Property Type
House
Property Taxes
$495
HOA Dues
-
Year Built
1927

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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: 6 months ago (MLSPIN #72559578)

Price History

Date / Event Date Event Price
Dec 4, 2023 Sold
Premium
Sold
Nov 8, 2019 Sold
Premium
Sold
Aug 28, 2019 Listed by Century 21 Seaport $549,999
Listed by Century 21 Seaport
Mar 2, 2016 Sold
Premium
Sold
Jan 8, 2016 Listed by Century 21 Seaport $459,000
Listed by Century 21 Seaport
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Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,375
  • Total Building Area: 1,310
  • Gross Building Area: 2,146
  • Building Area: 1,310
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,310
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000100
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Winthrop School District
  • School Tax School District: WINTHROP SD
  • Census Tract: 180301

Geography

  • Parcel: WINT M:035 L:081
  • Lot: 81
  • Municipality: WINTHROP
  • Latitude: 42.3753
  • Longitude: -70.9905

    Address

  • Full Address: 56 Waldemar Ave
  • Address - House Number: 56
  • Address - Street Name: Waldemar
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Winthrop
  • Carrier Code: C072
  • 4-Digit Zip Code: 2334
  • Zip Code: 02152

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $702,500

    Appraisal Valuation

  • Standard Deviation: 0.1609
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 727,832
  • High Value: 844,961
  • Low Value: 610,704

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $674,200
  • Assessed Land Value: $410,900
  • Assessed Improvements Value: $263,300

    Sales

  • Current Sale Contract Date: Dec 04, 2023
  • Current Sale Recording Date: Dec 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 77769
  • Previous Sale Recording Date: Nov 08, 2019
  • Previous Sale Contract Date: Nov 06, 2019
  • Previous Sale Amount: $550,000
  • 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 Downtown Winthrop

Stats & Trends

Median Asking:

$637,450

Sale Price/ft²

$444

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1745 ft²

Average Home Age

79 years

Currently For Sale

34 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: 6 months ago
Data Source: MLS PIN, MLS# 72559578

Frequently Asked Questions

When was property at 56 Waldemar Avenue built and last sold?
The property at 56 Waldemar Avenue was built in 1927 and last sold on Dec 4, 2023 for $735,000.
How much is this home worth?
The estimated value of the home located at 56 Waldemar Avenue is $554,190.
What are some comparable homes to 56 Waldemar Avenue?
There are currently no comparable homes to 56 Waldemar Avenue.
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