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Essex
1 Arrowhead Way
$640,000
● House - Off Market

1 Arrowhead Way

West Newbury, MA 01985
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,612 Ft²
$1,097,187
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

Down a winding drive in a private setting, this charming contemporary Colonial is surrounded by naturally beautiful landscaping including a stunning Koi pond with a waterfall. A welcoming entry leads to an open floor plan with a Chef's kitchen featuring stone counters, stainless appliances, a 6 burner gas range and a handy breakfast bar. Adjacent to the kitchen is a cozy dining room and a sunken, fireplaced family room with a cathedral ceiling and a wall of glass to let in the sunlight. Four bedrooms, including an en suite Master; and a large walk-up attic offers plenty of room to expand. So many options to enjoy the beautiful surroundings including a huge farmers porch & a spacious deck, all just a few steps from the picturesque Artichoke Reservoir and close to downtown Newburyport and commuter routes.
Unit Size
2,612 Ft²
Days on Market
-
Land Size
1.90 acres
Price per sqft
$249
Property Type
House
Property Taxes
$698
HOA Dues
-
Year Built
1988

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (MLSPIN #72006913)

Price History

Date / Event Date Event Price
Sep 20, 2016 Sold
Premium
Sold
May 16, 2016 Listed by RE/MAX On The River, Inc. $649,900
Listed by RE/MAX On The River, Inc.
Mar 29, 2002 Sold
Premium
Sold
Aug 1, 2001 Listed by RE/MAX On The River, Inc. $564,444
Listed by RE/MAX On The River, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 82,764
  • Total Building Area: 2,612
  • Gross Building Area: 5,439
  • Building Area: 2,612
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,612
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TURKEY HILL ROAD
  • Land Acres: 0000001900
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 263100

Zoning

  • Zoning: RA

Geography

  • Parcel: WNEW M:019.0 B:0000 L:0005.B
  • Lot: 5.B
  • Municipality: WEST NEWBURY
  • Latitude: 42.7944
  • Longitude: -70.925

    Address

  • Full Address: 1 Arrowhead Way
  • Address - House Number: 1
  • Address - Street Name: Arrowhead
  • Address - Suffix Type: Way
  • State: MA
  • City Name: West Newbury
  • Carrier Code: R001
  • 4-Digit Zip Code: 2000
  • Zip Code: 01985

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $951,600

    Appraisal Valuation

  • Standard Deviation: 0.1531
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 1,003,839
  • High Value: 1,157,569
  • Low Value: 850,109

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $879,500
  • Assessed Land Value: $382,300
  • Assessed Improvements Value: $497,200

    Sales

  • Current Sale Recording Date: Sep 20, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 292
  • Previous Sale Recording Date: Mar 29, 2002
  • Previous Sale Amount: $551,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2541 ft²

Average Home Age

72.9 years

Currently For Sale

1497 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72006913

Frequently Asked Questions

When was property at 1 Arrowhead Way built and last sold?
The property at 1 Arrowhead Way was built in 1988 and last sold on Jan 1, 1970 for $640,000.
How much is this home worth?
The estimated value of the home located at 1 Arrowhead Way is $669,239.
What are some comparable homes to 1 Arrowhead Way?
There are currently no comparable homes to 1 Arrowhead Way.
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