34 Banks Ter, Swampscott MA 01907

Swampscott, MA 01907 • Olmstead District
$755,000
Est. $4,679/month
4
Beds
2
Baths
2,200
Sq Ft
$343
Price/Sq Ft
0.13
Acres
1953
Year Built
99
Days on Market
Closed Listed Feb 4, 2025 • MLS# 73332050 Copied!

About this home

Welcome to this beautifully updated raised ranch, nestled in the heart of the Olmstead Historic District! This light-filled, spacious home boasts a modern, open layout with 3 bedrooms on the upper level and a versatile lower level that offers endless possibilities. Step into the recently renovated kitchen, featuring sleek white cabinets, stainless steel appliances, a convenient pot filler, and gas cooking. The breakfast bar is perfect for entertaining or casual dining, and a stunning wall of windows floods the space with natural light, large enough for a sitting area or dining room. The living room, with a bay window and cozy fireplace, offers a perfect spot to relax and unwind. Wood flooring throughout the main level adds to the home's charm. The lower level offers a huge room that can serve as a 4th bedroom, family room, or home office with its own entrance. This level also includes a full bath, garage access and storage. Great patio off the kitchen for entertaining. Central Air

Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1953
Bedrooms
4
Full Bathrooms
2
Living Area
2,200 sq ft
Total Rooms
7
Main Level Bedrooms
3

Sale Statistics

Sale Overview
Original List Price: $849,900
Final Sale Price: $755,000
Difference: $94,900 (-11.2%)
Performance Metrics
88.8%
List to Sale Ratio
Sold below asking price
99
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $386
Sale $/sq ft: $343
This property sold for $343 per square foot
Sale Summary

This property sold for 11.2% below the original asking price.

At 99 days on market, this property took longer than average to sell.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Single Family Residence
Year Built 1953
Living Area 2,200 sq ft
Lot Size 0.13 acres
Bedrooms 4
Full Baths 2
Total Rooms 7

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile, Hardwood
Appliances Electric Water Heater, Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Fireplace Living Room
Fireplaces 1
Basement Full, Partially Finished, Walk-out Access, Garage Access
Laundry None
Features None

Exterior

Construction Frame
Architecture Raised Ranch
Roof Shingle
Features Patio
Pool None
Spa None
Fencing None
Patio/Porch Patio

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Paved Drive, Off Street, Driveway, Paved
Total Spaces 3

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $7,940
Assessed Value $691,000

Interior Features

Flooring: Wood, Tile, Hardwood
Appliances: Electric Water Heater, Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: Full, Partially Finished, Walk-Out Access, Garage Access
Laundry:
Security:

Construction & Materials

Style: Raised Ranch
Year Built: 1953
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Patio
Patio & Porch: Patio
Fencing:
Other Structures:
Lot Features:
Road Frontage: 50.00 ft
Road Surface: Paved

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 3
Parking Features: Under, Paved Drive, Off Street, Driveway, Paved

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Walk/Jog Trails, Public School

Location

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Neighborhood

Olmstead District

34 Banks Ter, Swampscott MA 01907

Swampscott, MA 01907

Walkability

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Nearby Schools

School District
Swampscott School District local
B
🎓 Where Graduates Go Class of 2021
78% attend college
73% 4-Year 5% 2-Year 38% Out of State 4% Working
School Safety 2024-25
1.2% Low
1.2% Suspensions 0.4% In-School
4.3% below state avg
E

Elementary Schools

1 school
B+
Swampscott Elementary School
0.6 mi | #326 of 824 | Score: 50.0
Dropped 54 spots from last year
-8.2 below state avg
Limited historical data for year-over-year comparison
734 students Moderate
Grades K-04
M

Middle Schools

1 school
B+
Swampscott Middle School
0.4 mi | #122 of 352 | Score: 47.2
Dropped 51 spots from last year
-11 below state avg
654 students Moderate
Grades PK-08
H

High Schools

1 school
A-
Swampscott High School
0.5 mi | #98 of 346 | Score: 60.1
Dropped 66 spots from last year
+1.9 above state avg
706 students Moderate
18 sports • 1,578 athletes
Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $662
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
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Current Rate
$0/mo
+0.5% Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

9%
Price Range
101
Total Days on Market

Property Timeline

Sold
May 30, 2025
$755,000
Property sold
Days on Market: 101
🏠
Listed for Sale
Feb 4, 2025
$829,900
Original listing
Agent: Gingle-Lerman Realty Group Office: William Raveis R.E. & Home Services

Price & Status History

Date Event Price Change
Feb 4, 2025 New Listing Added $829,900

Market Statistics

Days on Market
99 days
Price per Sq Ft
$343

Tax History

Year Taxes Assessment
2024 $7,940 $691,000

Financial Details

Annual Property Tax
$7,940
Tax Year 2024
Assessed Value
$691,000

Listing Information

Listing Agent Gingle-Lerman Realty Group
Listing Office William Raveis R.E. & Home Services
Agent MLS ID TM331675
Office MLS ID M95385
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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