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Nahant 01908
65 Spinney Path
$290,000
● House - Off Market

65 Spinney Path

Nahant, MA 01908
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,123 Ft²
$429,331
RealtyHop Estimate
38.94%
Since Apr 1, 2020
MA-Boston
Primary Model

About This Property

NEW PRICE. Substantially below assessed value. PLEASE NOTE LOT SIZE.  Charming home steps from the beach. Condo alternative. Listen to the sounds of the ocean crashing off of the rocks, smell the salt air and feel the cool breezes on your private deck. Located on Big Nahant in the Bass Point area. New heating system that was converted to gas, new roof, new superstore hot water tank, and newer windows. This home has been loved by same owner for over 50 years. Ready for the new owners personal touches.  Middle school and High school students can attend Swampscott schools. Don't miss out. Last chance before prices head up for spring market.
Unit Size
1,123 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$275
Property Type
House
Property Taxes
$319
HOA Dues
-
Year Built
1920

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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 #72561095)

Price History

Date / Event Date Event Price
Feb 12, 2021 Sold
Premium
Sold
Oct 9, 2020 Listed by Coldwell Banker Residential Brokerage - Marblehead $375,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Mar 27, 2020 Sold
Premium
Sold
Sep 8, 2019 Listed by Coldwell Banker Residential Brokerage - Marblehead $309,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 666
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,233
  • Total Building Area: 1,123
  • Gross Building Area: 2,461
  • Building Area: 1,123
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,123
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000028
  • 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:0127
  • Lot: 127
  • Municipality: NAHANT
  • Latitude: 42.419
  • Longitude: -70.9329

    Address

  • Full Address: 65 Spinney Path
  • Address - House Number: 65
  • 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: $327,800

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 482,595
  • High Value: 565,272
  • Low Value: 399,917

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,600
  • Assessed Land Value: $243,200
  • Assessed Improvements Value: $117,400

    Sales

  • Current Sale Contract Date: Feb 10, 2021
  • Current Sale Recording Date: Feb 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210212004540
  • Previous Sale Recording Date: Mar 27, 2020
  • Previous Sale Contract Date: Mar 27, 2020
  • Previous Sale Amount: $290,000
  • 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 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72561095

Frequently Asked Questions

When was property at 65 Spinney Path built and last sold?
The property at 65 Spinney Path was built in 1920 and last sold on Feb 10, 2021 for $367,000.
How much is this home worth?
The estimated value of the home located at 65 Spinney Path is $390,217.
What are some comparable homes to 65 Spinney Path?
There are currently no comparable homes to 65 Spinney Path.
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