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Essex
1 Greystone Road
$489,900
● House - Off Market

1 Greystone Road

Merrimac, MA 01860
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,400 Ft²
$726,964
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model

About This Property

New and nearly ready - 6 Room, 3 bedroom, 2.5 bath Craftsmen Style Home.  Built with all the quality and custom finishes you would expect from experienced local builder.  Large, bright and beautiful eat-in kitchen with center island and gorgeous quartz countertops. Hardwood floors on 1st floor, stairway and 2nd floor hallway, tile in baths. Huge finished bonus room above attached 2 car garage, plus 2nd floor designated laundry area. Master with large walk in closet and custom bath with walk in tiled shower.  3 zone gas heat, and central A/C. Close to Lake Attitash.. Merrimac and Pentucket School District, convenient to 495, 95 and only minutes to downtown Amesbury or Newburyport for great restaurants and shopping, and short drive to nearby ocean beaches. Home is nearly complete and easy to show.
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$204
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2018

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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 #72450774)

Price History

Date / Event Date Event Price
Apr 12, 2019 Sold
Premium
Sold
Feb 7, 2019 Listed by Coldwell Banker Residential Brokerage - Haverhill $489,900
Listed by Coldwell Banker Residential Brokerage - Haverhill
Jun 22, 2018 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,909
  • Total Building Area: 2,388
  • Gross Building Area: 4,488
  • Building Area: 2,388
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,388
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000159
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: LA

Geography

  • District: 180
  • Parcel: MERR M:065A B:0002 L:00030
  • Block: 2
  • Lot: 30
  • Municipality: MERRIMAC
  • Latitude: 42.8493
  • Longitude: -70.9902

    Address

  • Full Address: 1 Greystone Rd
  • Address - House Number: 1
  • Address - Street Name: Greystone
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C003
  • 4-Digit Zip Code: 1215
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $935,800

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 748,079
  • High Value: 865,802
  • Low Value: 630,356

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $693,200
  • Assessed Land Value: $236,500
  • Assessed Improvements Value: $456,700

    Sales

  • Current Sale Contract Date: Mar 31, 2019
  • Current Sale Recording Date: Apr 12, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190412003430
  • Previous Sale Recording Date: Jun 22, 2018
  • Previous Sale Amount: $95,000
  • 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72450774

Frequently Asked Questions

When was property at 1 Greystone Road built and last sold?
The property at 1 Greystone Road was built in 2018 and last sold on Mar 31, 2019 for $489,900.
How much is this home worth?
The estimated value of the home located at 1 Greystone Road is $520,086.
What are some comparable homes to 1 Greystone Road?
There are currently no comparable homes to 1 Greystone Road.
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