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Essex 01951
1 Pine Island Rd
Photo of 1 Pine Island Rd
Sold on Sep 18, 2025

27

Map

Photo of 1 Pine Island Rd
Photo of 1 Pine Island Rd
$519,000
● House - Off Market

1 Pine Island Rd

Newbury, MA 01951
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,385 Ft²
$2,873
Est. Monthly
5.49%
Cap Rate

About This Property

Attention contractors and folks in the trades!  Are you looking for your dream home  or your next project? Professional level cleaning, repairs and updates needed both inside and out but property has great potential when it benefits from creativity and Vision. Interior boasts large front to back fireplaced living room with hardwood floors and Build-ins. Wide open unfinished  Basement offers Wel Mclain Boiler, Circuit  Breakers, recently dug well, newly installed pump and 2nd fire place could be the centerpiece of a possible entertainment or game room! Live and enjoy the proximity to Newburyport, Plum Island, walking trails etc.  . OFFERS DUE 12 NOON 6/20/25. Subject to a license to sell from the probate court.
Unit Size
1,385 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$375
Property Type
House
Property Taxes
$324
HOA Dues
-
Year Built
1960

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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: 2 years ago (MLSPIN #73390088)

Price History

Date / Event Date Event Price
Sep 18, 2025 Sold
Premium
Sold
Jun 25, 2025 In contract -
In contract
Jun 12, 2025 Listed by RE/MAX Andrew Realty Services $519,000
Listed by RE/MAX Andrew Realty Services
Dec 28, 1995 Sold
Premium
Sold
Jul 15, 1994 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 704
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,724
  • Total Building Area: 1,385
  • Gross Building Area: 2,587
  • Building Area: 1,385
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,385
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000246
  • 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:0R32 B:0000 L:00020
  • Lot: 20
  • Municipality: NEWBURY
  • Latitude: 42.7789
  • Longitude: -70.8423

    Address

  • Full Address: 1 Pine Island Rd
  • Address - House Number: 1
  • Address - Street Name: Pine Island
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Newbury
  • Carrier Code: C012
  • 4-Digit Zip Code: 1804
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $391,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1524
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 81
  • Final Value: 633,707
  • High Value: 730,306
  • Low Value: 537,108

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $510,100
  • Assessed Land Value: $265,100
  • Assessed Improvements Value: $245,000

    Sales

  • Current Sale Recording Date: Dec 28, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 15, 1994
  • Previous Sale Amount: $157,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2499 ft²

Average Home Age

73.4 years

Currently For Sale

1386 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: 2 years ago
Data Source: MLS PIN, MLS# 73390088

Frequently Asked Questions

When was property at 1 Pine Island Road built and last sold?
The property at 1 Pine Island Road was built in 1960 and last sold on Jan 1, 1970 for $168,000.
How much is this home worth?
The estimated value of the home located at 1 Pine Island Road is $526,388.
What are some comparable homes to 1 Pine Island Road?
There are currently no comparable homes to 1 Pine Island Road.
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