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Essex 01969
1 Bob Merry Lane, Lot 27
$1,085,000
● House - Off Market

1 Bob Merry Lane, Lot 27

Rowley, MA 01969
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,853 Ft²
$1,135,321
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

To be built in gorgeous new neighborhood surrounded by 52+ acres of open space and walking trails.  Sited in the back of the subdivision is this 2850+ sq. ft. open concept home.  9' foot ceilings on the first floor, beautiful designer kitchen, spacious family room, dining nook bump out overlooking the patio and a nice flat backyard.  Master suite with a big walk in closet, three more spacious bedrooms and laundry all on your second floor.  Your new home comes standard with hardwood flooring throughout including the bedrooms, a spectacular kitchen and exceptional finish work.  There are a number of customization options still available.  Just minutes to downtown Newburyport, routes 1 and 95, train station and a short drive to beaches.
Unit Size
2,853 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$380
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2022

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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: 4 months ago (MLSPIN #72957974)

Price History

Date / Event Date Event Price
Oct 14, 2022 Sold
Premium
Sold
Mar 25, 2022 Listed by Rowley Realty $1,085,000
Listed by Rowley Realty

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • 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: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,388
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,658
  • Gross Building Area: 6,013
  • Building Area: 2,658
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,658
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000560
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 270100

Geography

  • Parcel: ROWL M:0012 B:0003 L:0027
  • Block: 3
  • Lot: 27
  • Municipality: ROWLEY
  • Latitude: 42.7255
  • Longitude: -70.9168

    Address

  • Full Address: 1 Bob Merry Ln
  • Address - House Number: 1
  • Address - Street Name: Bob Merry
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Rowley
  • Carrier Code: R002
  • 4-Digit Zip Code: 1649
  • Zip Code: 01969

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,156,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 762,539
  • High Value: 882,985
  • Low Value: 642,092

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $955,800
  • Assessed Land Value: $289,400
  • Assessed Improvements Value: $666,400

    Sales

  • Current Sale Contract Date: Oct 14, 2022
  • Current Sale Recording Date: Oct 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221014002120
  • Previous Sale Recording Date: Dec 21, 2021
  • Previous Sale Contract Date: Dec 21, 2021
  • Previous Sale Amount: $610,000
  • Previous Sale Document Type: O
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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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

Unit for rent at 146 Elm, Newbury, 01922

$2,795 /mo

  • 2 Beds
  • 1 Bath
  • 1,700 ft²
146 Elm, Newbury, 01922

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72957974

Frequently Asked Questions

When was property at 1 Bob Merry Lane built and last sold?
The property at 1 Bob Merry Lane was built in 2022 and last sold on Oct 14, 2022 for $1,085,000.
How much is this home worth?
The estimated value of the home located at 1 Bob Merry Lane is $1,098,084.
What are some comparable homes to 1 Bob Merry Lane?
There are currently no comparable homes to 1 Bob Merry Lane.
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