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Essex
120 Elm St
$390,000
● House - Off Market

120 Elm St

Newbury, MA 01922
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,704 Ft²
$706,566
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

Elevated on a knoll, this lovely Newbury Colonial is available for the first time in 39 years!  This sunny and inviting 4 bedroom home has been lovingly maintained.  Enjoy time with family and friends in the formal dining and living rooms with gleaming hardwood floors... or host a movie night in the cozy family room with gas fireplace.  Enjoy life in country surroundings yet be minutes away from beautiful coastal beaches, local Newburyport & Amesbury restaurant scenes and Rte 1 & I95.  The tranquil, park-like backyard offers up plenty of room for gardening, play or entertaining.  Make this Newbury home your own, you'll be glad that you did!
Unit Size
1,704 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$246
Property Type
House
Property Taxes
$346
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: 5 years ago (MLSPIN #72005009)

Price History

Date / Event Date Event Price
Sep 9, 2021 Sold
Premium
Sold
Jul 21, 2021 Listed by Coldwell Banker Realty - Manchester $560,000
Listed by Coldwell Banker Realty - Manchester
Oct 17, 2016 Sold
Premium
Sold
May 13, 2016 Listed by Coldwell Banker Realty - Manchester $419,000
Listed by Coldwell Banker Realty - Manchester

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 968
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,631
  • Total Building Area: 1,704
  • Gross Building Area: 3,200
  • Building Area: 1,704
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,704
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000749
  • 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:0R17 B:0000 L:00030
  • Lot: 30
  • Municipality: NEWBURY
  • Latitude: 42.7432
  • Longitude: -70.9175

    Address

  • Full Address: 120 Elm St
  • Address - House Number: 120
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Byfield
  • Carrier Code: H001
  • 4-Digit Zip Code: 2816
  • Zip Code: 01922

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $477,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 735,977
  • High Value: 852,228
  • Low Value: 619,727

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $621,100
  • Assessed Land Value: $306,200
  • Assessed Improvements Value: $314,900

    Sales

  • Current Sale Contract Date: Sep 09, 2021
  • Current Sale Recording Date: Sep 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210909003840
  • Previous Sale Recording Date: Oct 17, 2016
  • Previous Sale Amount: $390,000
  • Previous Sale Document Type: O
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

2546 ft²

Average Home Age

72.5 years

Currently For Sale

1487 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: 5 years ago
Data Source: MLS PIN, MLS# 72005009

Frequently Asked Questions

When was property at 120 Elm Street built and last sold?
The property at 120 Elm Street was built in 1963 and last sold on Sep 9, 2021 for $575,000.
How much is this home worth?
The estimated value of the home located at 120 Elm Street is $0.
What are some comparable homes to 120 Elm Street?
There are currently no comparable homes to 120 Elm Street.
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