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Essex
1 Pine Bluff Ave
$390,000
● House - Off Market

1 Pine Bluff Ave

Merrimac, MA 01860
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,922 Ft²
$398,809
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Live the lake life! Lake Attitash fixer-upper loaded with potential. 2000 SFLA, currently three bedrooms, open concept with a guest suite, two mini-splits for heat & AC. Offering water views, one lot & steps away from Lake Attitash, a newer metal roof, carport, shed, and firepit area for roasting marshmallows on summer nights. Merrimac has a brand new, state-of-the-art Pentucket middle & high school. Reasonable utility costs with Merrimac Light. Offers will be reviewed on Monday, May 22 at noon. Sold in as-is condition. PARKING IS VERY LIMITED. PLEASE PARK IN THE TOWN BOAT LAUNCH PARKING AREA AND WALK OVER TO PINE BLUFF.
Unit Size
1,922 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$208
Property Type
House
Property Taxes
$383
HOA Dues
-
Year Built
1906

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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 #73110445)

Price History

Date / Event Date Event Price
Jul 10, 2023 Sold
Premium
Sold
May 24, 2023 In contract -
In contract
May 11, 2023 Listed by RE/MAX On The River, Inc. $399,900
Listed by RE/MAX On The River, Inc.
Nov 2, 2005 Sold
Premium
Sold
Mar 3, 2005 Listed by RE/MAX On The River, Inc. $289,900
Listed by RE/MAX On The River, Inc.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1906
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • 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: 2,073
  • Total Building Area: 1,922
  • Gross Building Area: 3,198
  • Building Area: 1,922
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,922
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000048
  • 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:0093 B:0001 L:00044
  • Block: 1
  • Lot: 44
  • Municipality: MERRIMAC
  • Latitude: 42.8428
  • Longitude: -70.9804

    Address

  • Full Address: 1 Pine Bluff Ave
  • Address - House Number: 1
  • Address - Street Name: Pine Bluff
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C002
  • 4-Digit Zip Code: 1628
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $489,500

    Appraisal Valuation

  • Standard Deviation: 0.1795
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 413,780
  • High Value: 488,734
  • Low Value: 338,827

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $362,600
  • Assessed Land Value: $147,800
  • Assessed Improvements Value: $214,800

    Sales

  • Current Sale Contract Date: Jul 07, 2023
  • Current Sale Recording Date: Jul 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230710000610
  • Previous Sale Recording Date: Nov 02, 2005
  • Previous Sale Amount: $255,000
  • 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

2546 ft²

Average Home Age

73.2 years

Currently For Sale

1483 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: 4 months ago
Data Source: MLS PIN, MLS# 73110445

Frequently Asked Questions

When was property at 1 Pine Bluff Avenue built and last sold?
The property at 1 Pine Bluff Avenue was built in 1906 and last sold on Jul 7, 2023 for $390,000.
How much is this home worth?
The estimated value of the home located at 1 Pine Bluff Avenue is $420,145.
What are some comparable homes to 1 Pine Bluff Avenue?
There are currently no comparable homes to 1 Pine Bluff Avenue.
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