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Essex 01929
124 Eastern Ave
$375,000
● House - Off Market

124 Eastern Ave

Essex, MA 01929
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,750 Ft²
$695,738
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model

About This Property

First Open House Sunday, June 22nd, 11am-1pm. Custom Colonial built in 2006 with a bright, open floor plan. This home offers both a formal dining room and eat-in-kitchen, with wood floors thoughout the main level. Sliders off of the eating area lead to a lovely patio and yard. The spacious master suite has cathedral ceilings, a master bath and a walk-in closet. Additional features include central air conditioning, gas heat and a Bosch on-demand tankless hot water heater. The property spans over a quarter of an acre and has plenty of parking as well as a storage shed. Centrally located between area beaches and quick access to local shops, restaurants and Route 128. All this in the Manchester Essex Regional School District!
Unit Size
1,750 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$214
Property Type
House
Property Taxes
$449
HOA Dues
-
Year Built
2006

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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 #71700750)

Price History

Date / Event Date Event Price
Jul 16, 2014 Sold
Premium
Sold
Jun 17, 2014 Listed by Coldwell Banker Residential Brokerage - Manchester $375,000
Listed by Coldwell Banker Residential Brokerage - Manchester
Dec 28, 2005 Sold
Premium
Sold
Sep 6, 2005 Listed by Coldwell Banker Residential Brokerage - Manchester $250,000
Listed by Coldwell Banker Residential Brokerage - Manchester

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,485
  • Total Building Area: 1,750
  • Gross Building Area: 2,498
  • Building Area: 1,750
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,750
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000264
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lawrence School District
  • Census Tract: 222100

Zoning

  • Zoning: RS2

Geography

  • Account Number: 1694
  • Parcel: ESSE M:137 L:3
  • Lot: 3
  • Municipality: ESSEX
  • Latitude: 42.6309
  • Longitude: -70.7578

    Address

  • Full Address: 124 Eastern Ave
  • Address - House Number: 124
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Essex
  • Carrier Code: R002
  • 4-Digit Zip Code: 1328
  • Zip Code: 01929

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $790,700

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 689,678
  • High Value: 795,533
  • Low Value: 583,824

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $569,700
  • Assessed Land Value: $293,200
  • Assessed Improvements Value: $276,500

    Sales

  • Current Sale Recording Date: Jul 16, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 553879
  • Previous Sale Recording Date: Dec 28, 2005
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: 48
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 months ago
Data Source: MLS PIN, MLS# 71700750

Frequently Asked Questions

When was property at 124 Eastern Avenue built and last sold?
The property at 124 Eastern Avenue was built in 2006 and last sold on Jan 1, 1970 for $375,000.
How much is this home worth?
The estimated value of the home located at 124 Eastern Avenue is $395,960.
What are some comparable homes to 124 Eastern Avenue?
There are currently no comparable homes to 124 Eastern Avenue.
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