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Nahant 01908
8 Hillcrest Ave
$319,000
● House - Off Market

8 Hillcrest Ave

Nahant, MA 01908
bedrooms
2 Beds
bathrooms
1 Bath
square feet
948 Ft²
$578,415
RealtyHop Estimate
75.81%
Since Jan 1, 2016
MA-Boston
Primary Model

About This Property

GOOD THINGS IN A SMALL PACKAGE Perfect opportunity for ownership in Nahant! First time buyer, down size to single level living, or a perfect summer get away place. All updated systems, remodeled kitchen and bath, hardwood floors. Upon entering, it's the beautiful fieldstone fireplace that commands your presence.  Never mind the square footage - the open concept space and cathedral ceiling lends a sense of spaciousness beyond the numbers. Two ample sized bedrooms with plenty of closet space, and an additional study area completes the single level living. With a sweet, private backyard patio and terraced garden area, this home is everything you want in a small package.
Unit Size
948 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$347
Property Type
House
Property Taxes
$264
HOA Dues
-
Year Built
1915

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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 #71837856)

Price History

Date / Event Date Event Price
Dec 15, 2015 Sold
Premium
Sold
May 15, 2015 Listed by Conway - Swampscott $329,000
Listed by Conway - Swampscott
Jul 31, 2002 Sold
Premium
Sold
Apr 19, 2002 Sold
Premium
Sold
Jan 2, 2002 Listed by Conway - Swampscott $319,900
Listed by Conway - Swampscott

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • 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: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,385
  • Total Building Area: 948
  • Gross Building Area: 960
  • Building Area: 948
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 948
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000078
  • 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:0023 B:0000 L:0021
  • Lot: 21
  • Municipality: NAHANT
  • Latitude: 42.4262
  • Longitude: -70.9349

    Address

  • Full Address: 8 Hillcrest Ave
  • Address - House Number: 8
  • Address - Street Name: Hillcrest
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Nahant
  • Carrier Code: C005
  • 4-Digit Zip Code: 1113
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $440,400

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 656,934
  • High Value: 763,048
  • Low Value: 550,821

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $484,500
  • Assessed Land Value: $320,600
  • Assessed Improvements Value: $163,900

    Sales

  • Current Sale Recording Date: Dec 15, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 509
  • Previous Sale Recording Date: Apr 19, 2002
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71837856

Frequently Asked Questions

When was property at 8 Hillcrest Avenue built and last sold?
The property at 8 Hillcrest Avenue was built in 1915 and last sold on Jan 1, 1970 for $319,000.
How much is this home worth?
The estimated value of the home located at 8 Hillcrest Avenue is $343,135.
What are some comparable homes to 8 Hillcrest Avenue?
There are currently no comparable homes to 8 Hillcrest Avenue.
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