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Swampscott 01907
78 Phillips Avenue
Photo of 78 Phillips Avenue
Sold on Aug 30, 2004

1

Map

$1,400,000
● House - Off Market

78 Phillips Avenue

Swampscott, MA 01907
bedrooms
5 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
3,591 Ft²
$2,696,117
RealtyHop Estimate
85.94%
Since Sep 1, 2004
MA-Boston
Primary Model

About This Property

CLASSIC FAMILY HOME WITH FINISHED 2,000 SQ FT CARRIAGE HOUSE WITH KITCHEN AND FULL BATH. THIS SPECTACULAR HOME IS LOCATED IN ONE OF SWAMPSCOTT'S MOST DESIRABLE FAMILY NEIGHBORHOODS AND BOASTS OVER 1/2 ACRE. 5 BEDROOMS HIGHLIGHTED BY A 3RD FLOOR MASTER SUITE MAKE THIS A PERFECT HOME FOR TODAY'S LIVING.
Unit Size
3,591 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$404
Property Type
House
Property Taxes
$1,108
HOA Dues
-
Year Built
1925

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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: 6 months ago (MLSPIN #70050462)

Price History

Date / Event Date Event Price
Aug 30, 2004 Sold
Premium
Sold
Jun 16, 2004 Listed $1,450,000
Listed
Sep 6, 1994 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,272
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,221
  • Total Building Area: 4,219
  • Gross Building Area: 9,029
  • Building Area: 4,219
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,219
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MM READ
  • Land Acres: 0000000579
  • 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: 202200

Zoning

  • Zoning: A1

Geography

  • Parcel: SWAM M:0028 B:0027 L:0
  • Block: 27
  • Municipality: SWAMPSCOTT
  • Latitude: 42.4761
  • Longitude: -70.8905

    Address

  • Full Address: 78 Phillips Ave
  • Address - House Number: 78
  • Address - Street Name: Phillips
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Swampscott
  • Carrier Code: C008
  • 4-Digit Zip Code: 2435
  • Zip Code: 01907

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,211,200

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 2,106,787
  • High Value: 2,429,663
  • Low Value: 1,783,912

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,883,500
  • Assessed Land Value: $536,500
  • Assessed Improvements Value: $1,347,000

    Sales

  • Current Sale Recording Date: Aug 30, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 06, 1994
  • Previous Sale Amount: $525,000
  • Previous Sale Document Type: 27
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:

$797,000

Sale Price/ft²

$435

Below Asking

0.03%

Average Days on Market

58

Average Home Size

3217 ft²

Average Home Age

76.9 years

Currently For Sale

39 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: 6 months ago
Data Source: MLS PIN, MLS# 70050462

Frequently Asked Questions

When was property at 78 Phillips Avenue built and last sold?
The property at 78 Phillips Avenue was built in 1925 and last sold on Jan 1, 1970 for $1,400,000.
How much is this home worth?
The estimated value of the home located at 78 Phillips Avenue is $1,461,026.
What are some comparable homes to 78 Phillips Avenue?
There are currently no comparable homes to 78 Phillips Avenue.
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