NOT LISTED FOR SALE

8 Banks Rd Swampscott, MA 01907

Estimated Value: $1,034,497 - $1,122,000

4 Beds
4 Baths
2,420 Sq Ft
$443/Sq Ft Est. Value

Last Sold January 23, 2017

Last sale price $530,000 $219 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $6,444/month

98 Days on Market

About This Home

As of January 2017

Three generations of living in this classic turn of the last century. Gracious 4 bedrooms with lots of space on its three floors of living. Make a teen suite on the third floor. Sliders open to expansive deck overlooking the in ground pool. Detached garage and mature tall arborvitaes surround back yard. Roof, heating, Harvey windows and painting in the past five years. Sought after Olmstead District neighborhood and a short walk downtown area shops and restaurants.

Last Agent to Sell the Property

Karin Gitto

Bancroft Realty Group Listed on: 09/06/2016

Last Buyer's Agent

Karin Gitto

Bancroft Realty Group Listed on: 09/06/2016

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,891

Year Built

1913

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Property Type: Single Family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1913

Interior Features

  • Appliances: Range, Dishwasher, Disposal, Refrigerator
  • Fireplaces: 1
  • Has Basement: Yes
  • Fireplaces: 1
  • Primary Bathroom: Yes
  • Number of Rooms: 7
  • Amenities: Public Transportation, Shopping, Swimming Pool, Laundromat
  • Electric: Circuit Breakers, 200 Amps
  • Energy: Insulated Windows
  • Flooring: Wood, Tile
  • Insulation: Full
  • Interior Amenities: Cable Available
  • Basement: Walk Out
  • Kitchen: First Floor
  • Living Room: First Floor
  • Master Bedroom: Second Floor
  • Master Bedroom Description: Bathroom - Full, Flooring - Wall to Wall Carpet, Cable Hookup, Deck - Exterior, Slider
  • Dining Room: First Floor

Exterior Features

  • Construction: Frame
  • Exterior: Shingles, Wood
  • Exterior Features: Deck, Deck - Composite, Pool - Inground, Gutters
  • Foundation: Poured Concrete

Garage/Parking

  • Garage Parking: Detached
  • Garage Spaces: 1
  • Parking: Off-Street
  • Parking Spaces: 3

Utilities

  • Cooling: Wall AC
  • Heating: Hot Water Baseboard, Gas
  • Hot Water: Electric
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Lot Info

  • Assessor Parcel Number: M:0016 B:0002 L:0
  • Zoning: A-2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2016
Closed on
Feb 3, 2017
Sold by
Cassidy Michael R and Cassidy Tracy A
Bought by
Fahey Jean M and Fahey Lawrence R
Seller's Agent
Karin Gitto
Bancroft Realty Group
Buyer's Agent
Karin Gitto
Bancroft Realty Group
List Price
$569,900
Sold Price
$530,000
Premium/Discount to List
-$39,900
-7%
Current Estimated Value
$1,071,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$541,624
Avg. Annual Appreciation
8.25%
Original Mortgage
$470,000
Outstanding Balance
$386,488
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$685,136

Purchase Details

Listed on
Sep 6, 2016
Closed on
Jan 23, 2017
Sold by
Cassidy Michael R and Cassidy Tracy A
Bought by
Fahey Jean M and Fahey Lawrence R
Seller's Agent
Karin Gitto
Bancroft Realty Group
Buyer's Agent
Karin Gitto
Bancroft Realty Group
List Price
$569,900
Sold Price
$530,000
Premium/Discount to List
-$39,900
-7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Outstanding Balance
$386,488
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$685,136

Purchase Details

Closed on
Sep 3, 1997
Sold by
Cassidy Peter J
Bought by
Cassidy Michael R and Cassidy Tracy A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Fahey Jean M $530,000 --
Fahey Jean M $530,000 --
Fahey Jean M $530,000 --
Fahey Jean M $530,000 --
Cassidy Michael R $250,000 --
Cassidy Michael R $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fahey Jean M $470,000
Closed Fahey Jean M $470,000
Previous Owner Cassidy Michael R $131,000
Previous Owner Cassidy Michael R $46,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2017 01/23/17 Sold $530,000 -7.0% $219 / Sq Ft
12/13/2016 12/13/16 Pending -- -- --
09/06/2016 09/06/16 For Sale $569,900 -- $235 / 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 $9,891 $862,300 $374,600 $487,700
2024 $9,569 $832,800 $356,300 $476,500
2023 $8,839 $752,900 $319,700 $433,200
2022 $8,318 $648,300 $274,100 $374,200
2021 $8,384 $607,500 $255,800 $351,700
2020 $8,228 $575,400 $228,400 $347,000
2019 $8,398 $552,500 $205,500 $347,000
2018 $8,176 $511,000 $187,300 $323,700
2017 $7,378 $422,800 $175,400 $247,400
2016 $7,327 $422,800 $175,400 $247,400
2015 $7,251 $422,800 $175,400 $247,400
2014 $7,207 $385,400 $146,200 $239,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72062226

MLS Property Information Network (MLS PIN)

APN: SWAM-000016-000002