LevelSecond
40 Lake Drive, Hamilton MA 01982
Hamilton, MA 01982
$350,000
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Sale Statistics
Sale Overview
Original List Price:
$399,950
Final Sale Price:
$350,000
Difference:
$49,950 (-12.5%)
Performance Metrics
87.5%
List to Sale Ratio
Sold below asking price
34
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft:
$435
Sale $/sq ft:
$380
This property sold for $380 per square foot
Sale Summary
This property sold for 12.5% below the original asking price.
The property spent 34 days on market before selling.
Nearby Sales Comparison
Based on 5 similar properties sold within 0.5 miles in the last 90 days
This Property
$380/sq ft
Area Median
$422/sq ft
Difference
10.0%
This property sold below the area median, potentially representing good value for the buyer.
About this home
Located in the very desirable Town of Hamilton, this 1940's bungalow offers the discerning buyer an open palate to create and make their very own. Sold as is, where is and in its current state, this property offers unlimited possibilities. Conveniently located minutes from the center of town, this two bedroom one bath Bungalow offers a thoughtful floor plan. The first level offers a kitchen, mudroom area, dining room, formal living area and a full bath.The second level offer two spacious bedrooms. The lower level is unfinished housing a newer furnace and hot water tank. A garage area exists in the lower area with access to the exterior. The .264 acre parcel is nicely situated and accommodates two out buildings; a garden shed and Tea house.With the right amount of attention and talent, this property will be a dream.All contracts must state Contract/Offer terms subject to Sales Addendum, Buyers are fully responsible for Title V and Smoke & Co Certificates.Photographs have been retouched
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Recently Sold Nearby
Property History
Market Insights
54.5%
Price Range
35
Total Days on Market
2
Previous Sales
Property Timeline
Previous Transaction - MLS #73518681
Full transaction history available when tracking began
Previously Sold
Jun 18, 2026
$770,000
MLS #73518681
Previous Transaction - MLS #73114195
Full transaction history available when tracking began
Previously Sold
Jul 27, 2023
$620,000
MLS #73114195
Sold
Feb 14, 2023
$350,000
Property sold
Days on Market: 35
Listed for Sale
Dec 7, 2022
$399,950
Original listing
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/18/2026 | 🏷️ Previously Sold | $770,000 | - | - | MLS #73518681 |
| 07/27/2023 | 🏷️ Previously Sold | $620,000 | - | - | MLS #73114195 |
| 02/14/2023 | ✓ Sold | $350,000 | - | - | Property sold |
| 12/07/2022 | 🏠 Listed for Sale | $399,950 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2022 | $5,829 | $325,400 |
Financial Details
Annual Property Tax
$5,829
Tax Year 2022
Assessed Value
$325,400
Facts & Features
1 Car Garage
Home Facts
Type
Residential
Style
Single Family Residence
Year Built
1940
Living Area
920 sq ft
Lot Size
0.0000
Bedrooms
2
Full Baths
1
Total Rooms
5
Interior
Heating
Baseboard
Cooling
None
Flooring
Plywood, Vinyl, Hardwood
Appliances
Water Heater
Fireplace
None
Basement
Full, Walk-out Access, Interior Entry, Garage Access, Unfinished
Laundry
In Basement
Features
None
Exterior
Construction
None
Architecture
Bungalow
Roof
Shingle
Features
Deck, Storage
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck
Parking
Garage Spaces
1
Has Garage
Yes
Features
Under, Off Street, Paved
Total Spaces
2
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Private Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,829
Assessed Value
$325,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Grey
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
35 days
Property Overview
Property Type
Single Family Residence
Listing Type
Sold
Year Built
1940
Bedrooms
2
Full Bathrooms
1
Living Area
920 sq ft
Total Rooms
5
Floor Layout
Interactive room guide
Floor Layout
LevelSecond
LevelFirst
LevelFirst
LevelFirst
LevelFirst
LevelFirst
FeaturesYes
Display Options
Outdoor Areas
Patio & porchDeck
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Plywood, Vinyl, Hardwood
Appliances:
Water Heater
Interior Features:
Windows:
Basement:
Full, Walk-Out Access, Interior Entry, Garage Access, Unfinished
Laundry:
In Basement
Security:
Construction & Materials
Style:
Bungalow
Year Built:
1940
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Concrete Perimeter, Block
Heating, Cooling & Utilities
Heating:
Baseboard
Cooling:
None
Hot Water:
Water Source:
Public
Sewer:
Private Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Deck, Storage
Patio & Porch:
Deck
Fencing:
Other Structures:
Lot Features:
Cleared, Level, Sloped
Road Surface:
Parking & Garage
Garage Spaces:
1
Garage Type:
Attached
Total Parking Spaces:
2
Parking Features:
Under, Off Street, Paved
Nearby Schools
School District
Hamilton-Wenham School District local
A
School Safety
2024-25
0.5%
Low
0.4%
Suspensions
0.4%
In-School
0.1%
Emergency
5.0% below state avg
Elementary Schools
3 schools
A+
Bessie Buker Elementary School
0.5 mi
|
#67 of 825
|
Score: 61.1
Dropped 15 spots from last year
+2.9 above state avg
268 students
Less Diverse
Strong Attendance
Grades K-05
A+
Cutler School
0.7 mi
|
#30 of 825
|
Score: 64.0
Improved 560 spots from last year
+5.8 above state avg
267 students
Less Diverse
Rising School
Strong Attendance
Grades K-05
A+
Winthrop School
1.0 mi
|
#76 of 825
|
Score: 60.5
Improved 287 spots from last year
+2.3 above state avg
318 students
Less Diverse
Rising School
Strong Attendance
Grades PK-05
Middle Schools
3 schools
A
Miles River Middle School
2.3 mi
|
#54 of 352
|
Score: 55.9
Dropped 28 spots from last year
-2.3 below state avg
396 students
Less Diverse
Strong Attendance
Grades 06-08
B+
Beverly Middle School
3.4 mi
|
#141 of 352
|
Score: 45.2
Improved 23 spots from last year
-13 below state avg
1,417 students
Moderate
Rising School
Grades 05-08
B-
Holten Richmond Middle School
3.9 mi
|
#185 of 352
|
Score: 41.7
Dropped 14 spots from last year
-16.5 below state avg
734 students
Moderate
Grades 06-08
High Schools
3 schools
Pingree School
1.8 mi
Grades 09-12
A+
Hamilton-Wenham Regional High School
2.3 mi
|
#33 of 346
|
Score: 70.3
Dropped 3 spots from last year
+12.1 above state avg
457 students
Less Diverse
19 sports
• 1,310 athletes
Strong AP Program
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
B
Danvers High School
3.1 mi
|
#160 of 346
|
Score: 54.8
Dropped 18 spots from last year
-3.4 below state avg
794 students
Moderate
17 sports
• 1,436 athletes
Early College Program
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
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Location
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Neighborhood
40 Lake Drive, Hamilton MA 01982
Hamilton, MA 01982
Listing Information
Listing Agent
Frank Destito
Listing Office
Better Homes and Gardens Real Estate - The Masiello Group
Office Phone
603-889-7600
Agent MLS ID
CN206553
Office MLS ID
AN0382
Listing Data Updated
Feb 22, 2023 12:11 PM EST
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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