5 Spring Lane, Hingham, MA 02043

5 Spring Lane Hingham MA 02043
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Owner Information
Owner 1
Declan Otoole & Sarah
Owner 2
Owner's Address
5 Spring Lane Hingham, MA 02043
Market Sale Information
Most recent sale date
8/24/2021
Previous sale date
06/01/2015
Transfer document #
662-158
Previous transfer document
0609-0102
Grantor
Michael C Nedeau
Previous grantor
Geoffrey Millerd
Most recent sale price
$1,220,000.00
Previous sale price
$975,000.00
Site Information
Property ID
81-0-107
Lot Size
0.32
Use Code
101 - Residential, single family
Zoning
RA
Building Style
Colonial
Number of Rooms
10
Stories
2
Number of Beds
4
Year Built
1947
Number of full baths
3
Condition
Number of half baths
1
Finished Area
4115
Number of Kitchen
Gross Living Area
5833
Number of Fireplaces
1
Bsmnt floot
Number of parking
Interior walls
Drywall
Floor type
Hardwood
Solar Hot Water
No
Roof Structure
Gable
Heating type
Oil
Roof Cover
Asphalt
Heating fuel
Hot Water
Frame type
Air Condition (%)
Sidings
Clapboard
Assessment Information
Fiscal Year
2023
Land Value
$465,800.00
Total value
$1,294,200.00
Building value
$828,400.00
Estimated tax
$12,942.00
Yard improvement value
$0.00
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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 5 Spring Lane Photo Plan Map Proximity Last Sold Price Net Living Area Stories Sale Price/sft $296.48 Style Colonial Age 1947 Rooms 10 Bedrooms 4 Full baths 3 Half baths 1 Gross Living Area 5833 Heating Fuel Hot Water Detached Garage Lot Size 0.32 Roof Cover Asphalt AEM Value - Building $828,400.00 AEM Value - Land $465,800.00 AEM Value - Other $0.00 AEM Value - Total $1,294,200.00
A) 8 Rockwood Road 0.4 9/13/2024 $1,750,000 4,061 1.9 $430.93 Colonial 1950 12 4 3 1 6202 Hot Water 0.87 Wood Shingle $880,900 $500,800 $0 $1,381,700
B) 132 Main Street 0.7 6/28/2024 $2,715,000 3,598 2 $754.59 Historical 1723 10 4 2 1 5586 Hot Water 0.45 Wood Shingle $922,900 $790,600 $0 $1,713,500
C) 100 Main Street 0.7 7/11/2024 $2,899,000 3,910 2.5 $741.43 Historical 1880 13 5 3 1 6672 Radiant-Water 0.6 Asphalt $1,254,300 $823,800 $0 $2,078,100
D) 5 Eastgate Lane 0.7 3/27/2024 $1,520,000 3,312 2 $458.94 Colonial 1962 11 4 3 0 6254 Hot Water 0.59 Wood Shingle $619,700 $720,900 $0 $1,340,600
E) 39 Elm Street 0.8 8/9/2024 $1,850,000 3,198 2 $578.49 Conventional 1900 11 4 2 1 4644 Hot Water 0.22 Asphalt $745,000 $656,900 $0 $1,401,900
F) 47 Lafayette Avenue 0.9 6/21/2024 $1,750,000 3,188 2.5 $548.93 Conventional 1880 11 5 3 1 5001 Forced Air-Duc 0.24 Asphalt $475,100 $456,900 $0 $932,000
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 5 Spring Lane 8/24/2021 $1,220,000 0 Colonial 4,115 0.32 4 3-1 -
  Criteria
A 8 Rockwood Road 9/13/2024 $1,750,000 0.4 Colonial 4,061 0.87 4 3-1
B 132 Main Street 6/28/2024 $2,715,000 0.7 Historical 3,598 0.45 4 2-1
C 100 Main Street 7/11/2024 $2,899,000 0.7 Historical 3,910 0.6 5 3-1
D 5 Eastgate Lane 3/27/2024 $1,520,000 0.7 Colonial 3,312 0.59 4 3-0
E 39 Elm Street 8/9/2024 $1,850,000 0.8 Conventional 3,198 0.22 4 2-1
F 47 Lafayette Avenue 6/21/2024 $1,750,000 0.9 Conventional 3,188 0.24 5 3-1
Averages 80 days $2,080,667 0.69 --- 3,545 0.49 --- ---  

Estimation of Market Value - $2,120,819

As of today, 09/21/2024, the estimated market value of 5 Spring Lane, Hingham considering the above 6 comparable properties is $2,120,819.

 

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
@ 5 Spring Lane 8/24/2021 $1,220,000 0 Colonial 4,115 0.32 4 3-1 -
  Criteria
A 30 Spring Street 8/15/2013 $1,225,000 0.0 Historical 4,182 0.55 4 3-1
B 3 Spring Lane 7/14/1995 $227,500 0.0 Cape Cod 1,926 0.34 3 1-1
C 20 Spring Street 12/17/2012 $100 0.0 Ranch 1,340 0.29 3 2-0
D 4 Spring Lane 5/1/1984 $71,000 0.0 Ranch 850 0.29 3 1-0
E 26 Spring Street 10/25/2002 $425,000 0.0 Cape Cod 1,420 0.29 2 1-0
F 0 Spring Street $1 0.0 Vacant Land 0.59 -
G 36 Spring Street 7/31/2023 $1,625,000 0.0 Conventional 2,535 0.9 4 2-1
H 6 Spring Lane 11/30/2012 $1 0.0 Colonial 1,940 0.29 3 2-0
I 14 Spring Street 1/1/1972 $32,900 0.0 Cape Cod 1,494 0.51 4 2-0
J 40 Spring Street 4/14/2023 $3,317,000 0.1 Historical 3,239 0.84 3 3-1
K 31 Leavitt Street 10/5/1984 $210,000 0.1 Conventional 3,303 0.95 5 2-0
L 7 Spring Lane 1/23/1998 $366,000 0.1 Cape Cod 3,625 1.95 5 3-2
M 0-R Leavitt Street 10/8/2002 $476,000 0.1 Vacant Land 0.55 -
N 10 Spring Street 7/29/1994 $129,000 0.1 Cape Cod 1,767 0.51 1 1-1
O 15 Village Lane 10/2/2002 $1 0.1 Colonial 3,836 0.56 5 4-1
P 0 Spring Street $1 0.1 Vacant Land 1.15 -
Q 39 Leavitt Street 9/14/2005 $1 0.1 Historical 3,648 0.66 5 2-0
R 41 Leavitt Street 3/21/2018 $1 0.1 Conventional 2,079 0.31 4 2-1
S 43 Leavitt Street 5/24/2017 $776,000 0.1 Historical 2,623 0.37 3 1-1
T 27 Leavitt Street 5/1/1998 $449,500 0.1 Conventional 2,388 0.72 5 2-1
U 0 School Street $1 0.1 Outbuildings 2.98 -
V 25 Leavitt Street 8/10/2020 $1 0.1 Conventional 1,893 0.24 4 2-1
W 11 Village Lane 8/18/2008 $75,000 0.1 Colonial 2,112 0.52 4 2-1
X 44 Spring Street 5/7/2021 $100 0.1 Historical 2,861 1.48 4 3-0
Y 51 Leavitt Street 7/24/2012 $1,575,000 0.1 Conventional 3,975 0.72 6 4-2
Z 9 Village Lane 9/30/2021 $1,495,000 0.1 Colonial 3,087 0.46 4 3-1
- 21 Leavitt Street 2/7/2022 $0 0.1 Multi Family 2,528 0.71 4 2-0
- 16 Village Lane 8/4/2023 $1,600,000 0.1 Colonial 2,478 0.73 4 2-1
- 67 Leavitt Street 12/22/1997 $232,400 0.1 Cape Cod 1,040 1.55 2 1-0
- 7 Village Lane 8/1/2018 $1,164,150 0.1 Colonial 2,398 0.46 4 2-1
- 57 Leavitt Street 10/8/2002 $476,000 0.1 Historical 1,336 0.54 3 1-0
- 61 Leavitt Street 12/30/1993 $335,000 0.1 Historical 3,426 0.8 4 2-2
- 23 School Street 9/16/2015 $100 0.1 Colonial 1,734 0.21 5 2-0
- 11 Common Street 8/15/1979 $61,000 0.1 Historical 2,032 0.2 3 1-1
- 27 School Street 2/14/2018 $1,225,000 0.1 Historical 2,427 0.27 4 3-1
- 14 Village Lane 7/28/2016 $1,056,000 0.1 Colonial 3,240 0.47 4 2-1
- 31 School Street 6/1/1998 $377,500 0.1 Cape Cod 2,505 0.31 4 3-1
- 5 Village Lane 10/31/2012 $912,400 0.1 Colonial 2,448 0.46 4 2-1
- 17 Leavitt Street 7/8/2024 $575,000 0.1 Historical 2,169 0.36 4 1-1
- 8 Short Street 1/1/1999 $1 0.1 Service Shop 1,692 0.28 0 0-
Averages 6343 days $512,241 0.08 --- 2,189 0.66 --- ---  
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
81-0-107 5 Spring Lane