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Essex
12 Grove St
$370,000
● House - Off Market

12 Grove St

Newbury, MA 01922
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,764 Ft²
$647,784
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model

About This Property

Beautifully maintained 3 bedroom raised ranch featuring a 1 bedroom apartment for guests or in-laws. Kitchen and living room offer open concept living. Newly updated kitchen with granite counters and stainless steel appliances. Amazing open, cleared acreage suitable for sports, your dream farm, raising crops or livestock. Terrific pasture land for horses. Very private location with spring fed pond located at the end of a dead end street and convenient to Route 95.  Do you need room for your inlaws as well as your own family?  This could be it. Large in-law with private entrance, living room, eat-in kitchen, bed and bath. Over 2.5 acres of flat, usable land to enjoy.
Unit Size
1,764 Ft²
Days on Market
-
Land Size
2.59 acres
Price per sqft
$207
Property Type
House
Property Taxes
$317
HOA Dues
-
Year Built
1975

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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: 5 months ago (MLSPIN #71885706)

Price History

Date / Event Date Event Price
Sep 23, 2015 Sold
Premium
Sold
Aug 6, 2015 Listed by RE/MAX Partners $365,000
Listed by RE/MAX Partners
Dec 10, 1999 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 1,056
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 112,820
  • Total Building Area: 1,764
  • Gross Building Area: 2,330
  • Building Area: 1,764
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,764
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002590
  • 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:0U12 B:0000 L:00021
  • Lot: 21
  • Municipality: NEWBURY
  • Latitude: 42.7619
  • Longitude: -70.9499

    Address

  • Full Address: 12 Grove St
  • Address - House Number: 12
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Byfield
  • Carrier Code: R002
  • 4-Digit Zip Code: 1224
  • Zip Code: 01922

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $534,600

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 705,294
  • High Value: 813,545
  • Low Value: 597,043

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $696,100
  • Assessed Land Value: $382,200
  • Assessed Improvements Value: $313,900

    Sales

  • Current Sale Recording Date: Sep 23, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 95
  • Previous Sale Recording Date: Dec 10, 1999
  • Previous Sale Amount: $210,000
  • 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

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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

Unit for rent at 146 Elm, Newbury, 01922

$2,795 /mo

  • 2 Beds
  • 1 Bath
  • 1,700 ft²
146 Elm, Newbury, 01922

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71885706

Frequently Asked Questions

When was property at 12 Grove Street built and last sold?
The property at 12 Grove Street was built in 1975 and last sold on Jan 1, 1970 for $370,000.
How much is this home worth?
The estimated value of the home located at 12 Grove Street is $387,132.
What are some comparable homes to 12 Grove Street?
There are currently no comparable homes to 12 Grove Street.
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