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Essex
10 Spring Hill Rd
$565,000
● House - Off Market

10 Spring Hill Rd

Merrimac, MA 01860
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,500 Ft²
$1,435,678
RealtyHop Estimate
143.38%
Since Jan 1, 2003
National-US
Primary Model

About This Property

TRANQUIL SETTING SETS OFF THIS CUSTOM, ELEGANT COL  BOASTING 10 RMS W/CHERRY KIT/GRT RM  W/FP, FRENCH DOORS TO LG DECK & PRIV BACK YARD. FORMAL DR, SUNKEN LR W/CHAIR RAILS, CROWN MOLDINGS, HW, 9FT CEILINGS, 24X24 RM OVR 2 C GAR. 1.85 ACRES
Unit Size
3,500 Ft²
Days on Market
-
Land Size
1.84 acres
Price per sqft
$169
Property Type
House
Property Taxes
$457
HOA Dues
-
Year Built
1988

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #30642307)

Price History

Date / Event Date Event Price
Oct 22, 2021 Sold
Premium
Sold
Aug 12, 2021 Listed by RE/MAX On The River, Inc. $799,000
Listed by RE/MAX On The River, Inc.
Dec 30, 2002 Sold
Premium
Sold
Aug 16, 2002 Listed by RE/MAX On The River, Inc. $589,900
Listed by RE/MAX On The River, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,440
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 80,368
  • Total Building Area: 3,846
  • Gross Building Area: 8,418
  • Building Area: 3,846
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,846
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHWEST CORNER LONG POND
  • Land Acres: 0000001845
  • 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:045A B:0001 L:00011
  • Block: 1
  • Lot: 11
  • Municipality: MERRIMAC
  • Latitude: 42.8179
  • Longitude: -71.0155

    Address

  • Full Address: 10 Spring Hill Rd
  • Address - House Number: 10
  • Address - Street Name: Spring Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C002
  • 4-Digit Zip Code: 2259
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,315,300

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 1,017,880
  • High Value: 1,193,278
  • Low Value: 842,483

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $974,300
  • Assessed Land Value: $361,700
  • Assessed Improvements Value: $612,600

    Sales

  • Current Sale Contract Date: Oct 22, 2021
  • Current Sale Recording Date: Oct 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211022001610
  • Previous Sale Recording Date: Dec 30, 2002
  • Previous Sale Amount: $565,000
  • 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

2473 ft²

Average Home Age

73.2 years

Currently For Sale

1400 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: 6 months ago
Data Source: MLS PIN, MLS# 30642307

Frequently Asked Questions

When was property at 10 Spring Hill Road built and last sold?
The property at 10 Spring Hill Road was built in 1988 and last sold on Oct 22, 2021 for $799,000.
How much is this home worth?
The estimated value of the home located at 10 Spring Hill Road is $824,276.
What are some comparable homes to 10 Spring Hill Road?
There are currently no comparable homes to 10 Spring Hill Road.
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