506 Main Street, Hingham, MA 02043

506 Main Street Hingham MA 02043
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Owner Information
Owner 1
Joseph E Phelan & Aleksandra G
Owner 2
Owner's Address
506 Main Street Hingham, MA 02043
Market Sale Information
Most recent sale date
5/2/2003
Previous sale date
04/30/1999
Transfer document #
25011-0200
Previous transfer document
17405-0157
Grantor
Michael T Heffernan
Previous grantor
Michael T Heffernan
Most recent sale price
$830,000.00
Previous sale price
$1.00
Site Information
Property ID
99-0-93
Lot Size
0.57
Use Code
101 - Residential, single family
Zoning
RA
Building Style
Historical
Number of Rooms
9
Stories
1.75
Number of Beds
3
Year Built
1830
Number of full baths
3
Condition
Number of half baths
0
Finished Area
2652
Number of Kitchen
Gross Living Area
4400
Number of Fireplaces
2
Bsmnt floot
Number of parking
Interior walls
Plaster
Floor type
Hardwood
Solar Hot Water
No
Roof Structure
Gable
Heating type
Oil
Roof Cover
Asphalt
Heating fuel
Forced Air-Duc
Frame type
Air Condition (%)
Sidings
Clapboard
Assessment Information
Fiscal Year
2023
Land Value
$495,200.00
Total value
$1,058,100.00
Building value
$562,900.00
Estimated tax
$10,581.00
Yard improvement value
$0.00
Flood Map MassMapper Google Street View
Certified Mass Appraisal
Comparable Properties
Mailing Labels $Valuation Report
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
Address 506 Main Street Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $312.97 Style Historical Age 1830 Rooms 9 Bedrooms 3 Full baths 3 Half baths 0 Gross Living Area 4400 Heating Fuel Forced Air-Duc Detached Garage Lot Size 0.57 Roof Cover Asphalt AEM Value - Building $562,900.00 AEM Value - Land $495,200.00 AEM Value - Other $0.00 AEM Value - Total $1,058,100.00
A) 11 Marshall Road 0.1 3/22/2024 $1,625,000 2,127 1.75 $763.99 Cape Cod 1955 7 3 2 1 5906 Hot Water 0.38 Asphalt $901,200 $471,400 $0 $1,372,600
B) 531 Main Street 0.1 12/4/2023 $975,000 2,361 1 $412.96 Ranch 1955 6 3 2 0 5147 Hot Water 0.46 Asphalt $333,100 $480,000 $0 $813,100
C) 15 South Bradford Road 0.5 11/28/2023 $1,100,000 2,124 2 $517.89 Colonial 1966 8 4 1 2 3885 Hot Water 0.78 Asphalt $449,700 $441,200 $0 $890,900
D) 117 Free Street 0.6 2/16/2024 $1,050,000 2,294 1.85 $457.72 Colonial 1957 8 4 2 0 3570 Hot Water 2.08 Wood Shingle $475,200 $558,700 $0 $1,033,900
E) 9 Fontainbleau Drive 0.6 3/4/2024 $2,350,000 3,084 2 $762.00 Colonial 1978 9 4 3 1 5228 Forced Air-Duc 0.54 Asphalt $926,800 $490,400 $0 $1,417,200
F) 56 Garrison Road 0.7 3/15/2024 $1,110,000 2,278 2 $487.27 Colonial 1915 8 3 2 0 4045 Forced Air-Duc 0.46 Asphalt $288,200 $792,500 $0 $1,080,700
G) 40 Garrison Road 0.7 3/26/2024 $1,325,000 2,106 1.75 $629.15 Cape Cod 1982 7 5 2 1 4500 Radiant-Elec. 0.83 Asphalt $325,600 $777,600 $0 $1,103,200
H) 110 High Street 0.8 3/28/2024 $975,000 2,208 2 $441.58 Colonial 1959 8 4 1 1 3408 Hot Water 0.48 Asphalt $373,600 $458,500 $0 $832,100
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 506 Main Street 5/2/2003 $830,000 0 Historical 2,652 0.57 3 3-0 -
  Criteria
A 11 Marshall Road 3/22/2024 $1,625,000 0.1 Cape Cod 2,127 0.38 3 2-1
B 531 Main Street 12/4/2023 $975,000 0.1 Ranch 2,361 0.46 3 2-0
C 15 South Bradford Road 11/28/2023 $1,100,000 0.5 Colonial 2,124 0.78 4 1-2
D 117 Free Street 2/16/2024 $1,050,000 0.6 Colonial 2,294 2.08 4 2-0
E 9 Fontainbleau Drive 3/4/2024 $2,350,000 0.6 Colonial 3,084 0.54 4 3-1
F 56 Garrison Road 3/15/2024 $1,110,000 0.7 Colonial 2,278 0.46 3 2-0
G 40 Garrison Road 3/26/2024 $1,325,000 0.7 Cape Cod 2,106 0.83 5 2-1
H 110 High Street 3/28/2024 $975,000 0.8 Colonial 2,208 0.48 4 1-1
Averages 81 days $1,313,750 0.53 --- 2,323 0.75 --- ---  

Estimation of Market Value - $1,400,796

As of today, 05/08/2024, the estimated market value of 506 Main Street, Hingham considering the above 8 comparable properties is $1,400,796.

 

In estimating the current market value, RealtyInSite follows the sales comparison (market) approach which is an approach based on the principles of supply and demand (principle of change) and the principle of substitution. The principle of substitution assumes that a prudent person will pay no more for a property than it would cost to purchase a comparable substitute property.

 

Comparable sales data are applied to arrive at an estimate of value. By default, comparable properties are those properties located within 1 mile of the subject property that have sold within the last 6 months and have a similar size of living area. The table shown above lists the comparable properties that were considered. Note that which properties are considered comparables can be adjusted by varying the selection criteria or deleting non-representative properties.

Neighboring Properties
Mailing Labels
  • Total Appraisal
  • Building Appraisal
  • Land Appraisal
  • Last Sale Price
  • Net Living Area
  • Number of Bedrooms
  • Lot Size
  • Year Built
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 506 Main Street 5/2/2003 $830,000 0 Historical 2,652 0.57 3 3-0 -
  Criteria
A 8 Merrymount Road 6/20/2023 $1,055,000 0.0 Cape Cod 1,614 0.18 3 2-0
B 508 Main Street 5/1/2020 $750,000 0.0 Historical 1,946 0.4 3 2-0
C 502 Main Street 4/25/2022 $770,000 0.0 Historical 1,102 0.21 3 2-0
D 3 Marshall Road 12/19/2022 $717,000 0.0 Ranch 900 0.21 2 2-0
E 504 Main Street 8/12/2003 $1 0.0 Conventional 1,292 0.58 2 1-0
F 12 Merrymount Road 7/31/2023 $1,015,000 0.0 Cape Cod 2,148 0.17 3 2-0
G 5 Marshall Road 7/30/2021 $765,000 0.0 Cape Cod 1,306 0.21 3 1-1
H 498 Main Street 3/6/2009 $515,000 0.0 Multi Family 3,073 0.26 6 4-0
I 7 Merrymount Road 5/17/2016 $100 0.0 Cape Cod 1,580 0.19 3 2-0
J 514 Main Street 11/1/2006 $660,000 0.0 Historical 3,530 0.41 4 3-1
K 7 Marshall Road 4/11/2016 $1 0.0 Ranch 1,311 0.21 3 1-1
L 16 Merrymount Road 5/4/1994 $143,000 0.1 Cape Cod 1,870 0.17 5 3-0
M 11 Merrymount Road 6/2/2015 $1 0.1 Cape Cod 1,593 0.2 3 2-0
N 4 Marshall Road 7/26/2021 $660,000 0.1 Ranch 1,224 0.21 3 1-0
O 6 Marshall Road 6/22/2010 $800,000 0.1 Colonial 2,333 0.2 3 2-1
P 503 Main Street 3/6/2017 $100 0.1 Cape Cod 1,810 0.29 4 2-0
Q 496 Main Street 3/10/1998 $259,000 0.1 Conventional 3,309 0.28 4 2-1
R 20 Merrymount Road 1/18/2006 $1 0.1 Cape Cod 1,666 0.17 3 2-0
S 9 Marshall Road 10/20/2004 $265,000 0.1 Ranch 900 0.2 3 1-0
T 8 Marshall Road 12/11/2019 $530,000 0.1 Ranch 858 0.2 3 1-0
U 518 Main Street 8/15/1975 $35,000 0.1 Historical 1,556 1.06 3 1-1
V 497 Main Street 9/2/2020 $1 0.1 Colonial 1,840 0.32 4 1-1
W 15 Merrymount Road 3/28/2008 $1 0.1 Cape Cod 2,079 0.61 4 3-0
X 4 Wilder Road 9/1/2022 $1,600,000 0.1 Cape Cod 2,109 0.85 4 2-1
Y 486 Main Street 4/1/2019 $1,290,000 0.1 Historical 1,651 0.39 3 1-1
Z 486-A Main Street 7/2/1999 $188,000 0.1 Conventional 894 0.32 2 1-0
- 22 Merrymount Road 6/17/2021 $650,000 0.1 Ranch 905 0.17 2 1-0
- 486-B Main Street 3/28/2011 $260,000 0.1 Ranch 1,135 0.34 2 1-0
- 507 Main Street 12/1/2023 $2,400,000 0.1 Historical 4,541 2.27 5 4-1
- 10 Marshall Road 9/29/2023 $792,500 0.1 Ranch 1,014 0.31 3 1-0
- 515 Main Street 11/14/2017 $1 0.1 Conventional 3,407 1.4 4 3-0
- 21 Merrymount Road 4/15/2009 $582,500 0.1 Cape Cod 2,426 0.57 4 2-1
- 484 Main Street 6/19/2008 $275,000 0.1 Store 1,222 0.13 0 0-
- 526 Main Street 5/2/2018 $1 0.1 Ranch 1,628 0.52 2 1-0
- 11 Marshall Road 3/22/2024 $1,625,000 0.1 Cape Cod 2,127 0.38 3 2-1
- 24 Merrymount Road 7/22/2009 $425,000 0.1 Split-level 1,539 0.18 3 3-0
- 486-R Main Street 11/15/2006 $100,000 0.1 Conventional 3,140 0.6 4 2-0
- 12 Marshall Road 4/26/2018 $520,000 0.1 Ranch 912 0.46 3 1-0
- 480 Main Street 7/26/2021 $10 0.1 Historical 3,420 1.06 4 2-1
- 25 Merrymount Road 7/7/2020 $100 0.1 Cape Cod 2,495 0.41 3 3-0
- 521 Main Street 6/20/2006 $1 0.1 Historical 3,060 1.93 4 2-1
- 528 Main Street 10/24/2018 $1 0.1 Historical 1,785 0.64 3 1-0
- 14 Marshall Road 10/31/2003 $334,000 0.1 Ranch 1,073 0.19 2 2-0
- 530 Main Street 6/16/2008 $535,000 0.1 Contemporary 2,798 0.94 3 2-0
- 495 Main Street 12/9/2021 $1,700,000 0.1 Historical 3,018 1.59 3 2-1
- 489 Main Street 12/30/2015 $520,000 0.1 Historical 2,410 1.53 3 1-1
- 499 Main Street 1/19/1999 $283,000 0.1 Cape Cod 3,476 2.22 3 2-0
- 3 Wilder Road 11/21/2016 $609,375 0.1 Conventional 3,060 0.33 5 3-1
- 30 Merrymount Road 6/25/2021 $1,006,000 0.1 Colonial 2,223 0.28 5 1-1
- 15 Marshall Road 5/16/2018 $100 0.1 Colonial 1,872 0.2 4 2-0
- 485 Main Street 1/31/2022 $1,075,000 0.1 Ranch 2,074 0.68 3 2-0
- 7 Fairview Street 11/2/2012 $750,000 0.1 Colonial 2,341 0.27 3 2-1
- 9 Fairview Street 8/23/2013 $503,000 0.1 Ranch 1,447 0.26 3 1-0
Averages 3825 days $508,732 0.08 --- 2,001 0.54 --- ---  
DISCLAIMER: The information in this report was collected from the concerned Assessors Office and Registry of Deeds.  Compu-Links disclaims any and all representations or warranties as to the accuracy of this information
99-0-93 506 Main Street