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Essex
118 Echo Cove Road
Photo of 118 Echo Cove Road
Sold on Sep 3, 2025

40

Map

Photo of 118 Echo Cove Road
Photo of 118 Echo Cove Road
$1,050,000
● House - Off Market

118 Echo Cove Road

Hamilton, MA 01982
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,892 Ft²
$7,579
Est. Monthly
4.61%
Cap Rate

About This Property

Discover the rare blend of lakeside tranquility and equestrian living on this expansive, private lot with direct access to a peaceful lake-ideal for kayaking, fishing, or quiet reflection. The 1970-built home includes a legal apartment, offering flexible living or income potential. While thoughtfully updated over time, the main house invites your personal touches to make it truly shine. A small barn with three stalls and a paddock provides ample space for horses. Whether you're seeking a serene retreat, a recreational haven, or room to grow, this unique property offers endless possibilities. Don't miss your chance to bring your vision to life-schedule a showing today! 24-hour notice, please. First showings at the open house 12 to 2 on Saturday, 26th July.
Unit Size
2,892 Ft²
Days on Market
-
Land Size
1.63 acres
Price per sqft
$446
Property Type
House
Property Taxes
$1,245
HOA Dues
-
Year Built
1970

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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: 2 years ago (MLSPIN #73407451)

Price History

Date / Event Date Event Price
Sep 3, 2025 Sold
Premium
Sold
Aug 11, 2025 In contract -
In contract
Jul 21, 2025 Listed by Churchill Properties $1,290,000
Listed by Churchill Properties
Sep 13, 1973 Sold
Premium
Sold

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,714
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 71,003
  • Total Building Area: 2,892
  • Gross Building Area: 6,540
  • Building Area: 2,892
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,892
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001630
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Hamilton-Wenham School District
  • Census Tract: 215101

Zoning

  • Zoning: R1B

Geography

  • Account Number: 841
  • Parcel: HAMI M:52 B:20
  • Block: 20
  • Lot: 20
  • Municipality: HAMILTON
  • Latitude: 42.6187
  • Longitude: -70.8169

    Address

  • Full Address: 118 Echo Cove Rd
  • Address - House Number: 118
  • Address - Street Name: Echo Cove
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: South Hamilton
  • Carrier Code: C004
  • 4-Digit Zip Code: 1527
  • Zip Code: 01982

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,422,000

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 86
  • Final Value: 1,144,569
  • High Value: 1,288,128
  • Low Value: 1,001,009

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $941,100
  • Assessed Land Value: $327,800
  • Assessed Improvements Value: $613,300

    Sales

  • Current Sale Recording Date: Sep 13, 1973
  • Current Sale Price:
    Premium
  • Current 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:

$699,500

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2549 ft²

Average Home Age

72.5 years

Currently For Sale

1472 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: 2 years ago
Data Source: MLS PIN, MLS# 73407451

Frequently Asked Questions

When was property at 118 Echo Cove Road built and last sold?
The property at 118 Echo Cove Road was built in 1970 and last sold on Jan 1, 1970 for $52,000.
How much is this home worth?
The estimated value of the home located at 118 Echo Cove Road is $0.
What are some comparable homes to 118 Echo Cove Road?
There are currently no comparable homes to 118 Echo Cove Road.
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