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Swampscott 01907
61 Morton Rd.
$725,000
● House - Off Market

61 Morton Rd.

Swampscott, MA 01907
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,400 Ft²
$1,529,976
RealtyHop Estimate
108.16%
Since Jan 1, 2013
MA-Boston
Primary Model

About This Property

Beautiful center entrance colonial located on a lovely side street close to Preston Beach.  This home has 3 to 4 bedrooms, 2.5 baths. Living room has built-in bookcases and fireplace, formal dining room, cozy family room a fantastic "cooks kitchen" with custom center island, top of the line appliances, open to a large eating area with built in bookcases, window seat and french doors leading to a private patio and fenced yard.  Lower level has a finished playroom, bonus room and full bath.
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$306
Property Type
House
Property Taxes
$978
HOA Dues
-
Year Built
1922

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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 #71454212)

Price History

Date / Event Date Event Price
Dec 17, 2012 Sold
Premium
Sold
Nov 4, 2012 Listed by Coldwell Banker Residential Brokerage - Marblehead $735,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Aug 24, 2007 Sold
Premium
Sold
Jun 12, 2007 Listed by Coldwell Banker Residential Brokerage - Marblehead $699,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Total Rooms: 6
  • 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: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,233
  • Total Building Area: 1,938
  • Gross Building Area: 3,276
  • Building Area: 1,938
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,938
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PHILLIPS BEACH LAND CO
  • Land Acres: 0000000189
  • 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:0028 B:0022 L:0
  • Block: 22
  • Municipality: SWAMPSCOTT
  • Latitude: 42.4774
  • Longitude: -70.8896

    Address

  • Full Address: 61 Morton Rd
  • Address - House Number: 61
  • Address - Street Name: Morton
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C002
  • 4-Digit Zip Code: 1545
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,153,200

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,131,892
  • High Value: 1,325,208
  • Low Value: 938,577

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $982,300
  • Assessed Land Value: $328,200
  • Assessed Improvements Value: $654,100

    Sales

  • Current Sale Recording Date: Dec 17, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Aug 24, 2007
  • Previous Sale Amount: $700,000
  • 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 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# 71454212

Frequently Asked Questions

When was property at 61 Morton Road built and last sold?
The property at 61 Morton Road was built in 1922 and last sold on Jan 1, 1970 for $725,000.
How much is this home worth?
The estimated value of the home located at 61 Morton Road is $768,490.
What are some comparable homes to 61 Morton Road?
There are currently no comparable homes to 61 Morton Road.
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