CCertihomes
140 Elmwood Rd, Swampscott, MA 01907

$1,649,000

7 beds 4 baths 4,364 sqft Built 18904 days on marketActive

About this home

Introducing a rare gem of coastal living in the historic Olmsted District: a multifamily Victorian just a stroll away from the ocean's embrace, farmers market, restaurants, and shops. This captivating residence blends classic charm with modern convenience, offering an unparalleled lifestyle experience. Nestled behind the main house lies a large carriage house, with a spacious heated artist loft as well as parking and storage. Step inside the main residence to discover exquisite hardwood floors and timeless architectural details that harken back to a bygone era. This property won an award for excellence in restoration and features an additional artist studio in the basement! Multiple decks and porches beckon you outside, as does the large yard. Beyond its aesthetic appeal, this property is a savvy investment opportunity, with rental units poised to generate substantial income. Or convert it to a magnificent single. Income potential & undeniable allure as your own home!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$10,821/mo

Real estate (PITI + HOA + PMI)
$10,900
Principal + interest$7,479
Property tax + insurance$2,803
PMI / 2nd mortgage$618
Utilities
$570
Heating + cooling$123
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$150
Car insurance + maintenance$150
Other (entertainment)
$158
$10,821/mo TLC
Budget$11,321/mo
Remaining after TLC$500/mo
Purchase price
$1,649,000
Down payment
$82,450 (5%)
Loan amount
$1,566,550
APR
4%

Quick facts

Type
Multi Family
Style
Year built
1890
Lot size
0.23 ac
Stories
3
Heating
Hot Water
Cooling
Water
Public
HOA
Annual tax
$13,816
MLS #
73230902
County
Essex

At a glance

Fireplace
Basement
Garage (2)
Dishwasher

Home features

Appliances
RangeDishwasherMicrowaveRefrigeratorWasherDryer
Interior
Living RoomDining RoomKitchen
Community
Public TransportationShoppingConservation AreaHouse of WorshipPublic School
Parking
Paved DriveOff Street
Fireplace
Gas
Flooring
Wood
Roof
Shingle
Sewer
Public Sewer

Lot features

Easements

Neighborhood — 01907

MetricThis ZIPCountyUSA
Population14,2866,444,931299,088,112
Population Change Since19908.00%7.00%20.00%
Population Density4,777786
Male6,7333,127,134147,432,321
Female7,5533,317,797151,655,844
Never Married2,6681,612,88563,775,926
Married6,7892,586,314123,120,365
Separated323247,85712,639,686
Widowed1,091363,59415,467,586
Divorced756436,88823,075,029
Number Of House Hold5,6972,431,591111,826,380
Average House Hold Size2.462.562.60
Medial Age42.8937.2535.46
Median House Hold Income$84,789$57,698$48,276
Average House Hold Income$117,596$75,023$63,629
P C I$46,987$29,196$24,529
M D I$67,212$48,105$41,133
A T H E$78,712$57,083$50,898
S T R5.00%5.00%
W C J82.74%81.38%77.74%
(Zip) Code
1907

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 5/1/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.

140 Elmwood Rd · Swampscott — $1,649,000 · Certihomes