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Nahant 01908
63 Spinney Path
$260,000
● House - Off Market

63 Spinney Path

Nahant, MA 01908
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,270 Ft²
$689,358
RealtyHop Estimate
105.78%
Since Aug 1, 2011
MA-Boston
Primary Model

About This Property

Minutes from beaches, park, school.  Home is being sold in AS IS condition.
Unit Size
1,270 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$264
Property Type
House
Property Taxes
$252
HOA Dues
-
Year Built
1920

Payment Calculator

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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: 5 months ago (MLSPIN #71190829)

Price History

Date / Event Date Event Price
Jul 20, 2011 Sold
Premium
Sold
Feb 22, 2011 Listed by Nahant Associates, Inc. $335,000
Listed by Nahant Associates, Inc.
Feb 29, 2008 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 625
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,966
  • Total Building Area: 1,279
  • Gross Building Area: 2,208
  • Building Area: 1,279
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,279
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COTTAGE
  • Land Acres: 0000000114
  • 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:0121
  • Lot: 121
  • Municipality: NAHANT
  • Latitude: 42.419
  • Longitude: -70.933

    Address

  • Full Address: 63 Spinney Path
  • Address - House Number: 63
  • Address - Street Name: Spinney
  • Address - Suffix Type: Path
  • State: MA
  • City Name: Nahant
  • Carrier Code: C004
  • 4-Digit Zip Code: 1535
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $455,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1567
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 80
  • Final Value: 669,691
  • High Value: 774,642
  • Low Value: 564,739

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $500,500
  • Assessed Land Value: $280,200
  • Assessed Improvements Value: $220,300

    Sales

  • Current Sale Recording Date: Jul 20, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 29, 2008
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

$574

Below Asking

0.01%

Average Days on Market

59

Average Home Size

3846 ft²

Average Home Age

97.5 years

Currently For Sale

15 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# 71190829

Frequently Asked Questions

When was property at 63 Spinney Path built and last sold?
The property at 63 Spinney Path was built in 1920 and last sold on Jan 1, 1970 for $260,000.
How much is this home worth?
The estimated value of the home located at 63 Spinney Path is $352,517.
What are some comparable homes to 63 Spinney Path?
There are currently no comparable homes to 63 Spinney Path.
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