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Essex 01951
116 Old Point Rd
$460,000
● House - Off Market

116 Old Point Rd

Newbury, MA 01951
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$791,785
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

Sun rises from one side of home and goes down on the other.   Living room and den are  open concept with sliders to deck at one end. Sit in front of beautiful  Gas fireplace and look out at the water.. Large newly replaced window in the living room. Central air conditioning. Bathroom has been refurbished and has both a shower and a  walk in tub and shower. Large Attic has a pull down staircase and cellar has laundry facility and music room.  Very large lot for the beach with wooded area. Corner lot.  Side street is small with a few homes and access to the basin. One car garage under.  Here you go,   LARGE lot of land,  Beautiful view,  Large attic,  a cellar
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$469
Property Type
House
Property Taxes
$293
HOA Dues
-
Year Built
1930

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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 #71974626)

Price History

Date / Event Date Event Price
Sep 8, 2016 Sold
Premium
Sold
Mar 18, 2016 Listed by Di - An Realty $469,000
Listed by Di - An Realty
Oct 3, 2006 Sold
Premium
Sold
Jun 7, 2006 Listed by Di - An Realty $399,900
Listed by Di - An Realty

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 26
  • 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: 1,198
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,781
  • Total Building Area: 2,281
  • Gross Building Area: 3,957
  • Building Area: 2,281
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,281
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000293
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • School Tax School District: TRITON SD
  • Census Tract: 269100

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0U05 B:0000 L:00024
  • Lot: 24
  • Municipality: NEWBURY
  • Latitude: 42.8071
  • Longitude: -70.8175

    Address

  • Full Address: 116 Old Point Rd
  • Address - House Number: 116
  • Address - Street Name: Old Point
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Newbury
  • Carrier Code: C011
  • 4-Digit Zip Code: 1323
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $740,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 78
  • Final Value: 1,073,650
  • High Value: 1,254,263
  • Low Value: 893,036

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $964,200
  • Assessed Land Value: $614,500
  • Assessed Improvements Value: $349,700

    Sales

  • Current Sale Recording Date: Sep 08, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 247
  • Previous Sale Recording Date: Oct 03, 2006
  • Previous Sale Amount: $385,000
  • 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# 71974626

Frequently Asked Questions

When was property at 116 Old Point Road built and last sold?
The property at 116 Old Point Road was built in 1930 and last sold on Jan 1, 1970 for $460,000.
How much is this home worth?
The estimated value of the home located at 116 Old Point Road is $464,467.
What are some comparable homes to 116 Old Point Road?
There are currently no comparable homes to 116 Old Point Road.
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