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Essex 01929
1 Red Gate Road
Photo of 1 Red Gate Road

15

Map

Photo of 1 Red Gate Road
Photo of 1 Red Gate Road
$500,000
● House - In Contract

1 Red Gate Road

Essex, MA 01929
bedrooms
1 Bed
bathrooms
1 Bath
square feet
832 Ft²
$2,993
Est. Monthly

About This Property

Ranch style home on Essex side street in need of total renovation but has a BEAUTIFUL lot. Property is one level living with a full unfinished basement. Property is tied into town sewer and has a well. The sewer tie in has the capacity for a 3 bedroom house. BUYER TO DO THEIR OWN DUE DILIGENCE. SUNDAY 10 AM-11. OFFERS DUE TUESDAY 8/11 12 NOON.
Unit Size
832 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$601
Property Type
House
Property Taxes
$538
HOA Dues
-
Year Built
1973

Listed By

Karen Bernier
Churchill Properties

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Cap Rate Calculator

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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: 2 months ago (MLSPIN #73558350)

Price History

Date / Event Date Event Price
Oct 2, 2026 In contract -
In contract
Sep 15, 2026 Relisted $500,000
Relisted
Aug 14, 2026 In contract -
In contract
Aug 3, 2026 Listed by Churchill Properties $550,000
Listed by Churchill Properties
Apr 9, 1980 Sold
Premium
Sold

Property Highlights

Parking Available
Garage
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Off Street, Unpaved, Under
Garage Spaces: 1
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 1
Appliances: Electric Water Heater, Water Heater, Range, Refrigerator
Flooring Type: Vinyl, Carpet
Laundry Features: In Basement
Rooms: 3
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 2
Basement: Full, Interior Entry, Concrete, Unfinished, Garage Access
Exterior Details
Square Footage: 832
Architectural Style: Ranch
Year Built Source: Public Records
Year Built: 1973
Building Area Total: 832
Building Area Units: Square Feet
Construction Materials: Frame
Lot Features: Wooded, Gentle Sloping
Lot Size Area: 0.69
Lot Size Units: Acres
Lot Size Acres: 0.69
Lot Size Square Feet: 30013
Tax Lot: 15
Water Source: Private
Financial Details
Tax Map Number: 144
Tax Assessed Value: $496,600
Tax Annual Amount: $6,451
Utilities Details
Cooling Type: None
Heating Type: Baseboard
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 7
  • Basement Area: 568
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,000
  • Total Building Area: 832
  • Gross Building Area: 1,808
  • Building Area: 832
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 832
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000689
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lawrence School District
  • Census Tract: 222100

Zoning

  • Zoning: RS2

Geography

  • Account Number: 360
  • Parcel: ESSE M:144 L:15
  • Lot: 15
  • Municipality: ESSEX
  • Latitude: 42.621
  • Longitude: -70.8143

    Address

  • Full Address: 1 Red Gate Rd
  • Address - House Number: 1
  • Address - Street Name: Red Gate
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Essex
  • Zip Code: 01929

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $647,900

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 86
  • Final Value: 552,780
  • High Value: 622,113
  • Low Value: 483,447

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $466,800
  • Assessed Land Value: $331,400
  • Assessed Improvements Value: $135,400

    Sales

  • Current Sale Recording Date: Apr 09, 1980
  • Current Sale Price:
    Premium
  • Current 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

2502 ft²

Average Home Age

73.3 years

Currently For Sale

1391 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

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Last Updated: 2 months ago
Data Source: MLS PIN, MLS# 73558350

Frequently Asked Questions

When was property at 1 Red Gate Road built and last sold?
The property at 1 Red Gate Road was built in 1973 and last sold on Jan 1, 1970 for $54,900.
How much is this home worth?
The estimated value of the home located at 1 Red Gate Road is $498,231.
What are some comparable homes to 1 Red Gate Road?
There are currently no comparable homes to 1 Red Gate Road.
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