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Swampscott 01907
7 Porter Place
$306,000
● House - Off Market

7 Porter Place

Swampscott, MA 01907
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,475 Ft²
$538,916
RealtyHop Estimate
73.90%
Since Oct 1, 2015
MA-Boston
Primary Model

About This Property

Wonderful 3 bedroom cape-cod home  on dead end street.  Eat-in kitchen, spacious dining room, front to back living room with fireplace and 3 season porch, 1.5 baths,  finished lower level playroom.  Parking for two cars.  Nice yard.  Steps to train (22 minutes to Boston), restaurants, shops and ocean.
Unit Size
1,475 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$210
Property Type
House
Property Taxes
$360
HOA Dues
-
Year Built
1950

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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 #71880471)

Price History

Date / Event Date Event Price
Sep 29, 2015 Sold
Premium
Sold
Jul 28, 2015 Listed by Coldwell Banker Residential Brokerage - Marblehead $309,900
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 819
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,659
  • Total Building Area: 1,475
  • Gross Building Area: 2,695
  • Building Area: 1,475
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,475
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000084
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Swampscott School District
  • School Tax School District: SWAMPSCOTT SD
  • Census Tract: 202104

Zoning

  • Zoning: A3

Geography

  • Parcel: SWAM M:0003 B:0187 L:0
  • Block: 187
  • Municipality: SWAMPSCOTT
  • Latitude: 42.473
  • Longitude: -70.9222

    Address

  • Full Address: 7 Porter Pl
  • Address - House Number: 7
  • Address - Street Name: Porter
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C007
  • 4-Digit Zip Code: 1862
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $539,200

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 557,516
  • High Value: 645,578
  • Low Value: 469,454

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $459,300
  • Assessed Land Value: $194,300
  • Assessed Improvements Value: $265,000

    Sales

  • Current Sale Recording Date: Sep 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 514
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 Swampscott

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$436

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2979 ft²

Average Home Age

98.4 years

Currently For Sale

47 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# 71880471

Frequently Asked Questions

When was property at 7 Porter Place built and last sold?
The property at 7 Porter Place was built in 1950 and last sold on Jan 1, 1970 for $306,000.
How much is this home worth?
The estimated value of the home located at 7 Porter Place is $333,803.
What are some comparable homes to 7 Porter Place?
There are currently no comparable homes to 7 Porter Place.
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