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Nahant 01908
7 Ocean Street
$850,000
● House - Off Market

7 Ocean Street

Nahant, MA 01908
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,942 Ft²
$874,597
RealtyHop Estimate
3.01%
Since Apr 1, 2023
MA-Boston
Primary Model

About This Property

Pristine Cottage completely renovated and only a block from the Beach! This seaside gem is located on a corner lot in the desirable town of Nahant-only 13 miles from Boston! The first floor offers easy living with a living-room/dining-room combination, chef's kitchen with stainless steel appliances and granite countertops and powder room. Enjoy peeks of the ocean and the Boston skyline from the large deck. The second floor has two bedrooms, each with a private bathroom. The lower-level basement has expansion possibilities and is walkout. The property has building plans for a garage which would be at the buyer's expense. Please visit the property website for floor plans, garage renderings, and more.
Unit Size
1,942 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$437
Property Type
House
Property Taxes
$448
HOA Dues
-
Year Built
1910

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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 #73067250)

Price History

Date / Event Date Event Price
Mar 17, 2023 Sold
Premium
Sold
Feb 17, 2023 In contract -
In contract
Jan 2, 2023 Listed by Sagan Harborside Sotheby's International Realty $849,000
Listed by Sagan Harborside Sotheby's International Realty
Aug 29, 1988 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 535
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,266
  • Total Building Area: 1,220
  • Gross Building Area: 1,942
  • Building Area: 1,220
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,220
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000167
  • 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:0009 B:0000 L:0002
  • Lot: 2
  • Municipality: NAHANT
  • Latitude: 42.4244
  • Longitude: -70.9223

    Address

  • Full Address: 7 Ocean St
  • Address - House Number: 7
  • Address - Street Name: Ocean
  • Address - Suffix Type: St
  • State: MA
  • City Name: Nahant
  • Carrier Code: C001
  • 4-Digit Zip Code: 1301
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $437,700

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 735,076
  • High Value: 859,365
  • Low Value: 610,788

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $481,500
  • Assessed Land Value: $367,200
  • Assessed Improvements Value: $114,300

    Sales

  • Current Sale Contract Date: Mar 17, 2023
  • Current Sale Recording Date: Mar 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230317001160
  • Previous Sale Recording Date: Aug 29, 1988
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

$554

Below Asking

0.01%

Average Days on Market

52

Average Home Size

3572 ft²

Average Home Age

84.6 years

Currently For Sale

16 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: 4 months ago
Data Source: MLS PIN, MLS# 73067250

Frequently Asked Questions

When was property at 7 Ocean Street built and last sold?
The property at 7 Ocean Street was built in 1910 and last sold on Mar 17, 2023 for $850,000.
How much is this home worth?
The estimated value of the home located at 7 Ocean Street is $875,271.
What are some comparable homes to 7 Ocean Street?
There are currently no comparable homes to 7 Ocean Street.
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