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Essex 01966
1 Oceanview Drive
$319,000
● Land - Off Market

1 Oceanview Drive

Rockport, MA 01966
bedrooms
Studio
bathrooms
0 Bath
$541,491
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Your piece of PARADISE...Ocean views of Sandy Bay and beyond from this private lot sitting on one of the highest spots in Rockport, abutting  gorgeous open space. The lot is partially cleared with access driveway roughed in and foundation for new home is in place. Serene area offers wonderful hiking trails and quarries yet just a short distance to downtown Rockport, beaches , shops, restaurants, galleries and The Shalin  Liu Music Hall.
Unit Size
-
Days on Market
-
Land Size
1.36 acres
Price per sqft
-
Property Type
Land
Property Taxes
$76
HOA Dues
-
Year Built
1900

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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 years ago (MLSPIN #71984958)

Price History

Date / Event Date Event Price
Jun 28, 2016 Sold
Premium
Sold
Apr 7, 2016 Listed by Engel & Volkers By the Sea $319,000
Listed by Engel & Volkers By the Sea
Feb 18, 2011 Sold
Premium
Sold
Jun 24, 2004 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • 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: 750
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,674
  • Total Building Area: 2,324
  • Gross Building Area: 4,182
  • Building Area: 2,324
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,324
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000475
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Rockport School District
  • School Tax School District: ROCKPORT SD
  • Census Tract: 220102

Zoning

  • Zoning: RA

Geography

  • Account Number: 533
  • District: 252
  • Parcel: ROCK M:9 B:113
  • Block: 113
  • Lot: 113
  • Municipality: ROCKPORT
  • Latitude: 42.6742
  • Longitude: -70.6318

    Address

  • Full Address: 1 Oakland Ave
  • Address - House Number: 1
  • Address - Street Name: Oakland
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Rockport
  • Carrier Code: C001
  • 4-Digit Zip Code: 1220
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $681,300

    Appraisal Valuation

  • Standard Deviation: 0.174
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 855,836
  • High Value: 992,240
  • Low Value: 719,432

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $809,200
  • Assessed Land Value: $309,400
  • Assessed Improvements Value: $499,800

    Sales

  • Current Sale Recording Date: Feb 18, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 02180041
  • Previous Sale Recording Date: Jun 24, 2004
  • Previous Sale Amount: $460,000
  • 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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 71984958

Frequently Asked Questions

When was property at 1 Ocean View Drive built and last sold?
The property at 1 Ocean View Drive was built in 1900 and last sold on Jan 1, 1970 for $425,000.
How much is this home worth?
The estimated value of the home located at 1 Ocean View Drive is $322,190.
What are some comparable homes to 1 Ocean View Drive?
There are currently no comparable homes to 1 Ocean View Drive.
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