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Saugus 01906 Downtown Saugus
7 Montgomery St
$380,000
● House - Off Market

7 Montgomery St

Saugus, MA 01906
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,605 Ft²
$470,582
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Great value on this starter home for someone looking to put in some sweat equity. Listed below appraised value, this home is in need of some updating and work but is move in ready. First floor contains dining room with beautiful built ins, kitchen, over sized family room and half bath. The second floor contains 4 bedrooms and a large full bathroom. Nice patio and back yard is perfect for entertaining. You don't see properties in this condition and price range often!
Unit Size
2,605 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$138
Property Type
House
Property Taxes
$440
HOA Dues
-
Year Built
1930

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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 #72717546)

Price History

Date / Event Date Event Price
Jul 12, 2021 Sold
Premium
Sold
May 13, 2021 Listed by Simply Sell Realty $699,000
Listed by Simply Sell Realty
Sep 15, 2020 Sold
Premium
Sold
Aug 28, 2020 Listed by Simply Sell Realty $359,900
Listed by Simply Sell Realty
Aug 13, 2020 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 2
  • Basement Area: 1,368
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,665
  • Total Building Area: 2,548
  • Gross Building Area: 4,238
  • Building Area: 2,548
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,548
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000107
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Saugus School District
  • School Tax School District: SAUGUS SD
  • Census Tract: 208101

Zoning

  • Zoning: NA

Geography

  • Account Number: 1910002
  • Parcel: SAUG M:007-F B:0029 L:0006
  • Block: 29
  • Lot: 6
  • Municipality: SAUGUS
  • Latitude: 42.4574
  • Longitude: -70.9993

    Address

  • Full Address: 7 Montgomery St
  • Address - House Number: 7
  • Address - Street Name: Montgomery
  • Address - Suffix Type: St
  • State: MA
  • City Name: Saugus
  • Carrier Code: C017
  • 4-Digit Zip Code: 2632
  • Zip Code: 01906

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $724,600

    Appraisal Valuation

  • Standard Deviation: 0.1701
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 812,806
  • High Value: 951,072
  • Low Value: 674,540

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $680,400
  • Assessed Land Value: $279,400
  • Assessed Improvements Value: $401,000

    Sales

  • Current Sale Contract Date: Jul 12, 2021
  • Current Sale Recording Date: Jul 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210712004590
  • Previous Sale Recording Date: Sep 15, 2020
  • Previous Sale Contract Date: Sep 11, 2020
  • Previous Sale Amount: $380,000
  • 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 Saugus

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$393

Below Asking

0.02%

Average Days on Market

48

Average Home Size

2235 ft²

Average Home Age

200 years

Currently For Sale

2 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# 72717546

Frequently Asked Questions

When was property at 7 Montgomery Street built and last sold?
The property at 7 Montgomery Street was built in 1930 and last sold on Jul 12, 2021 for $720,000.
How much is this home worth?
The estimated value of the home located at 7 Montgomery Street is $692,139.
What are some comparable homes to 7 Montgomery Street?
There are currently no comparable homes to 7 Montgomery Street.
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