NOT LISTED FOR SALE

29-31 Banks Rd Swampscott, MA 01907

Estimated Value: $958,000 - $1,102,241

7 Beds
3 Baths
3,191 Sq Ft
$324/Sq Ft Est. Value

Last Sold November 19, 2018

Last sale price $575,000 $180 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $6,309/month

24 Days on Market

About This Home

As of November 2018

Looking for a 2 family home just blocks to sandy beaches, fantastic restaurants and the commuter rail? Here it is! This property features a 2-car garage, recently replaced roof, updated windows and a great back yard. Wood floors, beautifully detailed molding, and great light make up both units. Unit 1 is a 2 bed 1 full bath unit that takes up the first floor and is currently rented through the end of July of 2019 for $1700 per month. Unit 2 is a multi-floor unit with 2 bedrooms, 1 full bath, an eat-in kitchen, washer and dryer hook up on the 2nd floor, and 3 bedrooms with an additional full bath on the 3rd floor. Unit 2 will be vacant starting October 1.

Last Agent to Sell the Property

Lutts Oman Group

Sagan Harborside Sotheby's International Realty Listed on: 09/13/2018

Last Buyer's Agent

Gayle Winters

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,191

Year Built

  • Built in 1920

Lot Details

  • 6,534

Parking

  • 2 Car Garage

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:0016 B:0042 L:0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,191

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 178.31
  • Comp Based On: Net Sale Price
  • Year Built: 1920
  • Lead Paint: Unknown
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Total Flrs: 3
  • No Bedrooms: 7
  • Total Brs: 7
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 15
  • Basement: Y
  • Basement Features: Full, Concrete Floor, Unfinished Basement
  • Main Lo: AN4471
  • Main So: AN4643
  • Estimated Sq Ft: 3191.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Construction: Post & Beam
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Wood
  • Foundation: Poured Concrete, Fieldstone

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 5
  • Garage Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Lot Info

  • Assessments: 578200.00
  • Acre: 0.15
  • Lot Size: 6678.00
  • Page: 138
  • Parcel Number: M:0016 B:0042 L:0
  • Zoning: A-2
  • Lot Description: Level

Multi Family

  • Total Levels: 3
  • Total Rms: 16
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 9251.00
  • Assessor Parcel Number: 2167468

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2018
Closed on
Nov 19, 2018
Sold by
Kramer Harold and Kramer Mary J
Bought by
Foye David A and Foye Melissa A
Seller's Agent
Lutts Oman Group
Sagan Harborside Sotheby's International Realty
Buyer's Agent
Gayle Winters
Compass
List Price
$569,000
Sold Price
$575,000
Premium/Discount to List
$6,000
1.05%
Current Estimated Value
$1,033,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$458,810
Avg. Annual Appreciation
8.56%
Original Mortgage
$431,250
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 1966
Bought by
Kramer Harold G and Kramer Mary J
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Foye David A $575,000 --
Foye David A $575,000 --
Kramer Harold G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foye David A $431,250
Closed Foye David A $431,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2018 11/19/18 Sold $575,000 +1.1% $180 / Sq Ft
10/07/2018 10/07/18 Pending -- -- --
09/27/2018 09/27/18 For Sale $569,000 0.0% $178 / Sq Ft
09/18/2018 09/18/18 Pending -- -- --
09/13/2018 09/13/18 For Sale $569,000 -- $178 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,191 $888,500 $362,300 $526,200
2024 $9,942 $865,300 $344,700 $520,600
2023 $9,461 $805,900 $309,300 $496,600
2022 $9,433 $735,200 $265,100 $470,100
2021 $9,366 $678,700 $247,400 $431,300
2020 $8,590 $600,700 $220,900 $379,800
2019 $9,263 $609,400 $198,800 $410,600
2018 $9,251 $578,200 $181,200 $397,000
2017 $9,032 $517,600 $169,700 $347,900
2016 $8,734 $504,000 $169,700 $334,300
2015 $8,644 $504,000 $169,700 $334,300
2014 $8,019 $428,800 $141,400 $287,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72395097

MLS Property Information Network (MLS PIN)

APN: SWAM-000016-000042