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Essex
10 River Rd
$783,000
● House - Off Market

10 River Rd

Merrimac, MA 01860
bedrooms
4 Beds
bathrooms
3 Baths
square feet
4,346 Ft²
$1,333,600
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

This Exquisite Cape is a masterpiece of Design and Craftsmanship in every detail. The Merrimack River is just the beginning. Grandiose floor plan flows for gatherings large or small. Exceptional room design and custom built-ins for formal or informal living. The first floor has full bath and second laundry with possible guest bedroom opening up opportunities. Second floor boasts four generous bedrooms. Tranquil  Soaring River Views, patio and Fire pit, 3 Car Garage, 2.002 Acres.
Unit Size
4,346 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$193
Property Type
House
Property Taxes
$849
HOA Dues
-
Year Built
1994

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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 #72155283)

Price History

Date / Event Date Event Price
Oct 6, 2017 Sold
Premium
Sold
Apr 29, 2017 Listed by GADD Realty $839,000
Listed by GADD Realty
Nov 10, 2000 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 2,415
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,203
  • Total Building Area: 4,546
  • Gross Building Area: 7,350
  • Building Area: 4,546
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,546
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002002
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: AR

Geography

  • District: 180
  • Parcel: MERR M:0054 B:0001 L:00050
  • Block: 1
  • Lot: 50
  • Municipality: MERRIMAC
  • Latitude: 42.8159
  • Longitude: -71.0035

    Address

  • Full Address: 10 River Rd
  • Address - House Number: 10
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C002
  • 4-Digit Zip Code: 2228
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,401,800

    Appraisal Valuation

  • Standard Deviation: 0.2124
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 1,115,837
  • High Value: 1,308,114
  • Low Value: 923,560

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,038,400
  • Assessed Land Value: $490,200
  • Assessed Improvements Value: $548,200

    Sales

  • Current Sale Recording Date: Oct 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 542
  • Previous Sale Recording Date: Nov 10, 2000
  • Previous Sale Amount: $327,000
  • 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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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# 72155283

Frequently Asked Questions

When was property at 10 River Road built and last sold?
The property at 10 River Road was built in 1994 and last sold on Jan 1, 1970 for $783,000.
How much is this home worth?
The estimated value of the home located at 10 River Road is $885,084.
What are some comparable homes to 10 River Road?
There are currently no comparable homes to 10 River Road.
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