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40 Lake Drive, Hamilton MA 01982

Hamilton, MA 01982
$350,000
2
Beds
1
Baths
920
Sq Ft
$380
Price/Sq Ft
0.00
Acres
1940
Year Built
1
Garage Space
34
Days on Market
Closed Listed Dec 7, 2022 • MLS# 73063424 Copied! • Updated Feb 22, 2023

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 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$380/sq ft
Area Average
$480/sq ft
Difference
20.8%

This property sold below the area average, 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

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
Garage Spaces 1
Has Garage Yes
Features Under, Off Street, Paved
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Private Sewer
Gas None
Other None
Annual Tax $5,829
Assessed Value $325,400
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
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
For Sale
Year Built
1940
Bedrooms
2
Full Bathrooms
1
Living Area
920 sq ft
Total Rooms
5

Room Details

First Floor

Bathroom1
Dining Room
Kitchen
Living Room
Family Room

Second Floor

Bedroom2
Master Bedroom

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bathroom2
Bathroom3
Office
Master Bathroom
Yes

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
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
E

Elementary Schools

3 schools
A+
Bessie Buker Elementary School
0.5 mi | #73 of 824 | Score: 60.8
Dropped 21 spots from last year
+2.6 above state avg
255 students Less Diverse
Strong Attendance
Grades K-05
A+
Cutler School
0.7 mi | #42 of 824 | Score: 63.0
Improved 548 spots from last year
+4.8 above state avg
246 students Less Diverse
Rising School Strong Attendance
Grades K-05
A+
Winthrop School
1.0 mi | #81 of 824 | Score: 60.3
Improved 282 spots from last year
+2.1 above state avg
329 students Less Diverse
Rising School Strong Attendance
Grades PK-05
M

Middle Schools

3 schools
A
Miles River Middle School
2.3 mi | #63 of 352 | Score: 54.5
Dropped 37 spots from last year
-3.7 below state avg
391 students Less Diverse
Strong Attendance
Grades 06-08
B+
Beverly Middle School
3.4 mi | #140 of 352 | Score: 45.2
Improved 24 spots from last year
-13.1 below state avg
1,388 students Moderate
Rising School
Grades 05-08
B-
Holten Richmond Middle School
3.9 mi | #183 of 352 | Score: 42.0
Dropped 12 spots from last year
-16.2 below state avg
745 students Moderate
Grades 06-08
H

High Schools

3 schools
Pingree School
1.8 mi
Grades 09-12
A+
Hamilton-Wenham Regional High School
2.3 mi | #34 of 346 | Score: 69.9
Dropped 4 spots from last year
+11.7 above state avg
448 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 | #158 of 346 | Score: 54.4
Dropped 16 spots from last year
-3.9 below state avg
784 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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