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Essex
104 Elm St
$575,000
● House - Off Market

104 Elm St

Georgetown, MA 01833
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,865 Ft²
$3,678
Est. Monthly

About This Property

Opportunity to restore this antique greek revival home that has strong bones and located on one of the oldest streets in Georgetown! Sitting on a level lot surrounded by mature hardwoods, the antique enthusiast will love the character of this home that features 5 generous sized bedrooms, high ceilings throughout, and just under 3,000 square ft. Capture your ideas and bring this piece of history back to life! Great location with highway access nearby for commuters and just minutes to the elementary school, high school, and downtown. New roof in 2019 and septic system replaced in 2015!
Unit Size
2,865 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$218
Property Type
House
Property Taxes
$608
HOA Dues
-
Year Built
1740

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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 #73186834)

Price History

Date / Event Date Event Price
Mar 6, 2024 Sold
Premium
Sold
Feb 19, 2024 In contract -
In contract
Dec 12, 2023 Listed by Century 21 North East $625,000
Listed by Century 21 North East

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1740
  • Effective Year Built: 1740
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 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: 21,970
  • Total Building Area: 2,865
  • Gross Building Area: 5,027
  • Building Area: 2,865
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,865
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000504
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265101

Geography

  • District: 105
  • Parcel: GEOR M:0010A B:00000 L:00038
  • Lot: 38
  • Municipality: GEORGETOWN
  • Latitude: 42.7126
  • Longitude: -70.9885

    Address

  • Full Address: 104 Elm St
  • Address - House Number: 104
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Georgetown
  • Carrier Code: C053
  • 4-Digit Zip Code: 2517
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $705,800

    Appraisal Valuation

  • Standard Deviation: 0.0796
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 94
  • Final Value: 625,395
  • High Value: 675,233
  • Low Value: 575,556

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $562,400
  • Assessed Land Value: $191,100
  • Assessed Improvements Value: $371,300

    Sales

  • Current Sale Contract Date: Mar 06, 2024
  • Current Sale Recording Date: Mar 06, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20240306000440
  • Previous Sale Recording Date: Jul 23, 2015
  • 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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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# 73186834

Frequently Asked Questions

When was property at 104 Elm Street built and last sold?
The property at 104 Elm Street was built in 1740 and last sold on Mar 6, 2024 for $575,000.
How much is this home worth?
The estimated value of the home located at 104 Elm Street is $627,911.
What are some comparable homes to 104 Elm Street?
There are currently no comparable homes to 104 Elm Street.
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