5 New Ocean St Swampscott, MA 01907

4 beds · 1 bath · 1,732 sq ft · Lot Size: 3,485 sq ft · Single Family Home
Est. Property Value: $672,048

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5 New Ocean St is in the 01907 neighborhood of Swampscott, MA. It is located in Essex County and ZIP code 01907. This Single Family Home was built in 1918 and is approximately 107 years old. The single family home spans 1732 sq ft with 4 bedrooms and 1 bathroom and sits on a 3485 sq ft lot. According to public records, it was sold for $345,000 and has a tax-assessed value of $616,550, which is $388 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 5 New Ocean St Swampscott, MA 01907 with Property Intel by Whitepages.

5 New Ocean St

Swampscott, MA 01907

Neighborhood

Owners & Occupancy for 5 New Ocean St

No contact information is available.

Occupancy

Resident 1**************** age 66
Resident 2******* age 82

Property Financials for 5 New Ocean St

5 New Ocean St, Swampscott, MA has no known mortgage. The Essex county assessment for 2024 values it at $616,550, with annual taxes of $6,146.

Property Tax

Property Tax Amount$6,146 in 2024
Purchase Price$345,000
Assessed Value$616,550 on 2024

Investment Potential for 5 New Ocean St

The property has a current estimated value of $672,048, which is 35% below the zip median, based on public records. It last sold for $345,000. Projected long-term
is $45,000 annually ($3,750 per month) with a 95% occupancy rate.

Discover more Single Family Homes in 01907.

Long-Term

Gross Rental
$45,000 per year($3,750 per month)
Net Operating Income
Cap Rate
Occupancy Rate
95%in 01907 zip code
 
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Property Details for 5 New Ocean St

Property Details

Property Sq Ft

Living Area

1,732 sq ft

32% below market

Lot Size

3,485 sq ft

64% below market

Price Per Sq Ft

Living Area

$388 / sq ft

9% below market

Lot Size Area

$193 / sq ft

58% above market

Property condition, age, exterior, etc. for 5 New Ocea…
Longitude: -70.922771 Latitude: 42.468676 Parcel Number (APN): SWAM-000001-000142…

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Market Benchmarks

Compare data for 5 New Ocean St in Essex County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$672,048
$797,821
-$125,773 (-16%)
$1,067,609
-$367,236 (-34%)
YoY Price Change
2.3%
819%
Year Built
1918
1969
-51 years
Living Space
1,732 sq ft
2,408 sq ft
-676 (-28%)
$ Per Living Sq Ft
$388
$339
$49 (14%)
Lot Size
3,485 sq ft
22,216 sq ft
-18731 (-84%)
$ Per Lot Sq Ft
$193
$36
$157 (436%)

Net Operating Income
$24,683
$3,271 (13%)
Annual Revenue
$45,000
$44,400
$600 (1%)
$20,488
-$3,442 (-17%)
Net Operating Income
$24,683
$3,271 (13%)
Cap Rate
3.12%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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