NOT LISTED FOR SALE

38 Banks Terrace Swampscott, MA 01907

Estimated Value: $802,000 - $995,000

3 Beds
2 Baths
1,859 Sq Ft
$472/Sq Ft Est. Value

Last Sold October 18, 2019

Last sale price $550,000 $296 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,358/month

109 Days on Market

Highlights

  • Deck
  • Wood Burning Stove
  • Central Air
  • Swampscott High School Rated A-
  • Wood Flooring
  • Electric Baseboard Heater

About This Home

As of October 2019

This exciting Contemporary home in the Olmsted District offers a floor-plan with multi-level living spaces and wonderful areas to explore.The openness is enhanced by cathedral ceilings and windows designed to allow varying light exposures throughout the day. The eat-in kitchen offers abundant cabinets and multiple pantries.The uniqueness of this home is further enriched by an open concept and spacious Living/Dining Room with a stone mantle, wood burning stove, and hardwood floors.The upper level has two bedrooms with a shared full bath.The lower level houses a multipurpose room currently used as a study/art studio with sliders leading to one of the many decks, the third bedroom with tiger striped bamboo floors, and a full bath.The basement has extra storage and laundry area with washer/dryer. For homeowners who don't prefer lawn maintenance. Offers wooded surroundings, lush foliage, and easy to maintain perennial gardens and a wide variety of birds to admire. On a dead end street.

Last Agent to Sell the Property

Team Zabar-Shulkin

Sagan Harborside Sotheby's International Realty Listed on: 06/01/2019

Last Buyer's Agent

Oren Malka

Coldwell Banker Realty - Newton

Coldwell Banker Realty - Newton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,916

Year Built

  • Built in 1983

Lot Details

  • Year Round Access
  • Property is zoned A2

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Laundry

  • Dryer
  • Washer
  • Laundry Chute

Utilities

  • Central Air
  • Electric Baseboard Heater
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Additional Features

  • Wood Burning Stove
  • Deck
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 16-91-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,916

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Contemporary
  • Other Agent: 1.50
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 301.18
  • Comp Based On: Net Sale Price
  • Year Built: 1983
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1983

Interior Features

  • Flooring: Tile, Wall to Wall Carpet, Hardwood
  • Interior Amenities: Cable Available, Laundry Chute, Internet Available - Unknown
  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
  • No Bedrooms: 3
  • Master Bedroom: On Level: First Floor, Closet - Walk-in, Flooring - Wood
  • Bedroom 2: On Level: Third Floor, Closet, Flooring - Wall to Wall Carpet
  • Bedroom 3: On Level: Third Floor, Closet, Flooring - Wall to Wall Carpet
  • Full Bathrooms: 2
  • Bathroom 1: On Level: First Floor, Bathroom - Full, Bathroom - With Shower Stall
  • Bathroom 2: On Level: Third Floor, Bathroom - Full, Bathroom - With Tub & Shower
  • No Rooms: 6
  • Dining Room: On Level: Second Floor, Ceiling - Cathedral, Flooring - Hardwood, Main Level, Deck - Exterior, Exterior Access, Open Floor Plan, Slider
  • Kitchen: On Level: Second Floor, Flooring - Stone/Ceramic Tile, Pantry, Main Level
  • Laundry: On Level: Basement, Exterior Access
  • Living Room: On Level: Second Floor, Wood / Coal / Pellet Stove, Ceiling - Cathedral, Ceiling Fan(s), Flooring - Hardwood, Main Level, Open Floor Plan
  • Basement: Y
  • Basement Features: Partial, Crawl
  • Other Room 1: Name: Home Office, On Level: First Floor, Flooring - Hardwood, Slider
  • Main Lo: AN4471
  • Main So: K95001
  • Estimated Sq Ft: 1859.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Clapboard
  • Exterior Features: Deck, Deck - Wood
  • Foundation: Poured Concrete

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Central Air
  • Cooling Zones: 1
  • Heating: Electric Baseboard, Wood Stove
  • Heat Zones: 1
  • Hot Water: Electric
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Public School, T-Station

Schools

  • Middle School: Swampscott
  • High School: Swampscott

Lot Info

  • Assessments: 461500.00
  • Acre: 0.14
  • Lot Size: 6185.00
  • Page: 220
  • Parcel Number: 16-91-0
  • Zoning: A2
  • Lot Description: Wooded, Paved Drive, Sloping

Tax Info

  • Taxes: 7014.80
  • Assessor Parcel Number: 2167511

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2019
Closed on
Oct 18, 2019
Sold by
Arfuso Gregory
Bought by
Reardon Kylee and Reardon Robert
Seller's Agent
Team Zabar-Shulkin
Sagan Harborside Sotheby's International Realty
Buyer's Agent
Oren Malka
Coldwell Banker Realty - Newton
List Price
$579,900
Sold Price
$550,000
Premium/Discount to List
-$29,900
-5.16%
Current Estimated Value
$842,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,917
Avg. Annual Appreciation
7.26%
Original Mortgage
$522,500
Outstanding Balance
$459,846
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$367,274

Purchase Details

Closed on
Nov 20, 2017
Sold by
Arfuso Gregory F and Arfuso Susan
Bought by
Arfuso Gregory

Purchase Details

Listed on
May 16, 2015
Closed on
Sep 4, 2015
Sold by
Germain Arlene G
Bought by
Arfuso Susan and Arfuso Gregory F
Seller's Agent
Marcie Gingle
William Raveis R.E. & Home Services
Buyer's Agent
Hope Zabar
Sagan Harborside Sotheby's International Realty
List Price
$479,900
Sold Price
$435,000
Premium/Discount to List
-$44,900
-9.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.67%
Original Mortgage
$413,250
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 1987
Sold by
Jacobson Nathan
Bought by
Germain Arlene G
Source: Public Records

Range of Values:

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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
Reardon Kylee $550,000 --
Arfuso Gregory -- --
Arfuso Gregory -- --
Arfuso Susan $435,000 --
Germain Arlene G $222,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reardon Kylee $100,000
Open Reardon Kylee $522,500
Closed Reardon Kylee $522,500
Previous Owner Arfuso Susan $413,250
Previous Owner Germain Arlene G $110,000
Previous Owner Germain Arlene G $145,000
Previous Owner Germain Arlene G $146,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2019 10/18/19 Sold $550,000 -1.8% $296 / Sq Ft
09/18/2019 09/18/19 Pending -- -- --
07/09/2019 07/09/19 Price Changed $559,900 -1.8% $301 / Sq Ft
06/18/2019 06/18/19 Price Changed $569,900 -1.7% $307 / Sq Ft
06/01/2019 06/01/19 For Sale $579,900 +33.3% $312 / Sq Ft
09/04/2015 09/04/15 Sold $435,000 0.0% $234 / Sq Ft
08/30/2015 08/30/15 Pending -- -- --
08/18/2015 08/18/15 Off Market $435,000 -- --
06/04/2015 06/04/15 Price Changed $459,900 -4.2% $247 / Sq Ft
05/16/2015 05/16/15 For Sale $479,900 -- $258 / 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 $8,916 $777,300 $355,000 $422,300
2024 $8,538 $743,100 $337,700 $405,400
2023 $7,874 $670,700 $303,100 $367,600
2022 $7,226 $563,200 $259,800 $303,400
2021 $7,373 $534,300 $242,500 $291,800
2020 $6,910 $483,200 $216,500 $266,700
2019 $7,015 $461,500 $194,800 $266,700
2018 $7,107 $444,200 $177,500 $266,700
2017 $7,280 $417,200 $166,300 $250,900
2016 $7,230 $417,200 $166,300 $250,900
2015 $7,155 $417,200 $166,300 $250,900
2014 $6,726 $359,700 $138,600 $221,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72510754

MLS Property Information Network (MLS PIN)

APN: SWAM-000016-000091