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Essex 01951
1 Maple Terrace
$575,000
● House - Off Market

1 Maple Terrace

Newbury, MA 01951
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,050 Ft²
$580,415
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Colonial home ideally situated on a corner lot on the Terrace! Just a stone's throw from Commuter rail, about 1 mile to Plum Island Beach and next door to Newbury elementary school. This lovely home features 4 bedrooms, 2 full baths, eat-in kitchen, formal dining area, den or home office and sunroom overlooking good sized yard with storage shed. Home features gas cooking &heat, wood flooring, large deck off kitchen, a full basement, two car garage and newly 2020 installed 4-bedroom septic system.  SHOWINGS 16th at OPEN HOUSE SUNDAY 1-3 PM.
Unit Size
2,050 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$268
Property Type
House
Property Taxes
$374
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73047223)

Price History

Date / Event Date Event Price
Aug 29, 2023 Sold
Premium
Sold
Nov 3, 2022 Sold
Premium
Sold
Oct 17, 2022 In contract -
In contract
Oct 12, 2022 Listed by Herrick Lutts Realty Partners $550,000
Listed by Herrick Lutts Realty Partners
Jul 19, 2001 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 988
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,491
  • Total Building Area: 2,224
  • Gross Building Area: 3,730
  • Building Area: 2,224
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,224
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • School Tax School District: TRITON SD
  • Census Tract: 269100

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0U08 B:0000 L:00012
  • Lot: 12
  • Municipality: NEWBURY
  • Latitude: 42.7917
  • Longitude: -70.8703

    Address

  • Full Address: 1 Maple Ter
  • Address - House Number: 1
  • Address - Street Name: Maple
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Newbury
  • Carrier Code: C023
  • 4-Digit Zip Code: 1108
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $421,800

    Appraisal Valuation

  • Standard Deviation: 0.1833
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 766,693
  • High Value: 907,257
  • Low Value: 626,130

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $549,200
  • Assessed Land Value: $270,300
  • Assessed Improvements Value: $278,900

    Sales

  • Current Sale Contract Date: Aug 01, 2023
  • Current Sale Recording Date: Aug 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230829001330
  • Previous Sale Recording Date: Nov 03, 2022
  • Previous Sale Contract Date: Oct 30, 2022
  • Previous Sale Amount: $575,000
  • 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 16 Chestnut, Newburyport, 01950

$3,700 /mo

  • 2 Beds
  • 1 Bath
  • 2,706 ft²
16 Chestnut, Newburyport, 01950 Listing by Tami Mallett

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73047223

Frequently Asked Questions

When was property at 1 Maple Terrace built and last sold?
The property at 1 Maple Terrace was built in 1957 and last sold on Aug 1, 2023 for $575,000.
How much is this home worth?
The estimated value of the home located at 1 Maple Terrace is $570,142.
What are some comparable homes to 1 Maple Terrace?
There are currently no comparable homes to 1 Maple Terrace.
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