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Essex 01969
113 Newbury Rd
$705,000
● House - Off Market

113 Newbury Rd

Rowley, MA 01969
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,512 Ft²
$640,973
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Great home on quiet street near highways. Well maintained ranch features an eat-in kitchen with stainless appliances, hardwood floors, spacious living/dining room AND a front to back family room.  Two fireplaces.  FULL finisished and heated walk out basement with full bath adds lots of square footage.  This lower level was set up as separate living and leads to your in-ground pool and detachted two car garage.  Big flat backyard.  Newer septic system.  Roof only 8 years old and heating system replaced in 2018.  First showings at Open House on Saturday, May 20th from 12-1:30 and Sunday from 12-1:30. First planned offer review will take place on Monday, May  22nd at 6:00 pm.
Unit Size
1,512 Ft²
Days on Market
-
Land Size
1.05 acres
Price per sqft
$423
Property Type
House
Property Taxes
$597
HOA Dues
-
Year Built
1963

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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 #73111979)

Price History

Date / Event Date Event Price
Jun 26, 2023 Sold
Premium
Sold
May 24, 2023 In contract -
In contract
May 16, 2023 Listed by Rowley Realty $639,900
Listed by Rowley Realty
Jun 25, 1999 Sold
Premium
Sold
Apr 6, 1999 Listed by Rowley Realty $249,900
Listed by Rowley Realty
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Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 9
  • Basement Area: 1,512
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,625
  • Total Building Area: 1,512
  • Gross Building Area: 3,024
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001047
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 270100

Geography

  • Parcel: ROWL M:0005 B:0052 L:0000
  • Block: 52
  • Municipality: ROWLEY
  • Latitude: 42.6926
  • Longitude: -70.9456

    Address

  • Full Address: 113 Newbury Rd
  • Address - House Number: 113
  • Address - Street Name: Newbury
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Rowley
  • Carrier Code: R001
  • 4-Digit Zip Code: 2513
  • Zip Code: 01969

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $709,800

    Appraisal Valuation

  • Standard Deviation: 0.173
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 696,142
  • High Value: 806,101
  • Low Value: 586,183

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $586,600
  • Assessed Land Value: $272,900
  • Assessed Improvements Value: $313,700

    Sales

  • Current Sale Contract Date: Jun 16, 2023
  • Current Sale Recording Date: Jun 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20230626001580
  • Previous Sale Recording Date: Jun 25, 1999
  • Previous Sale Amount: $247,900
  • 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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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: 4 months ago
Data Source: MLS PIN, MLS# 73111979

Frequently Asked Questions

When was property at 113 Newbury Road built and last sold?
The property at 113 Newbury Road was built in 1963 and last sold on Jun 16, 2023 for $705,000.
How much is this home worth?
The estimated value of the home located at 113 Newbury Road is $641,981.
What are some comparable homes to 113 Newbury Road?
There are currently no comparable homes to 113 Newbury Road.
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