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Nahant 01908
65 Pond Street
$402,000
● Land - Off Market

65 Pond Street

Nahant, MA 01908
bedrooms
Studio
bathrooms
0 Bath
$570,726
RealtyHop Estimate
43.04%
Since Feb 1, 2020
MA-Boston
Primary Model

About This Property

VERY RARE OPPORTUNITY to create the home of your dreams, the way you want it - in the Northshore's most beautiful and unique community! The smallest town in MA - 1.04 sq mi, Nahant is surrounded by beautiful resident only beaches. This legally buildable lot has public road access from two sides-offering your choice of access, south facing ocean views, and is fairly level. Historically, Nahant has been the summer destination for many of the country's most well known statesmen and dignitaries, including Henry Cabot Lodge, Walt Whitman, Longfellow, & many others. You can make this YOUR destination, all year round home. Conveniently located just minutes to Boston and Cambridge, easy commute and access to Logan International Airport, or commuter rail. Low taxes, great schools.
Unit Size
-
Days on Market
-
Land Size
0.35 acres
Price per sqft
-
Property Type
Land
Property Taxes
$284
HOA Dues
-
Year Built
2020

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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: 4 months ago (MLSPIN #72596361)

Price History

Date / Event Date Event Price
Jan 30, 2020 Sold
Premium
Sold
Nov 26, 2019 Listed by RE/MAX Advantage Real Estate $399,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,602
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,194
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,938
  • Gross Building Area: 6,033
  • Building Area: 2,938
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,938
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000349
  • 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:0011 B:0000 L:0024C
  • Lot: 24C
  • Municipality: NAHANT
  • Latitude: 42.4258
  • Longitude: -70.9239

    Address

  • Full Address: 65 Pond St
  • Address - House Number: 65
  • Address - Street Name: Pond
  • Address - Suffix Type: St
  • State: MA
  • City Name: Nahant
  • Carrier Code: C005
  • 4-Digit Zip Code: 1356
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,097,800

    Appraisal Valuation

  • Standard Deviation: 0.1702
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,427,459
  • High Value: 1,670,385
  • Low Value: 1,184,533

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,207,700
  • Assessed Land Value: $462,300
  • Assessed Improvements Value: $745,400

    Sales

  • Current Sale Contract Date: Dec 16, 2019
  • Current Sale Recording Date: Jan 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200130001540
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:

$932,500

Sale Price/ft²

$564

Below Asking

0.01%

Average Days on Market

51

Average Home Size

3739 ft²

Average Home Age

83.6 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72596361

Frequently Asked Questions

When was property at 65 Pond Street built and last sold?
The property at 65 Pond Street was built in 2020 and last sold on Dec 16, 2019 for $402,000.
How much is this home worth?
The estimated value of the home located at 65 Pond Street is $402,990.
What are some comparable homes to 65 Pond Street?
There are currently no comparable homes to 65 Pond Street.
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