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Essex 01929
127 Eastern Ave
$700,000
● House - Off Market

127 Eastern Ave

Essex, MA 01929
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,063 Ft²
$4,159
Est. Monthly

About This Property

Lovely well maintained 60's ranch style home with spacious rooms and a four season custom sunroom. With renovations complete in 2015, the kitchen features custom cabinets, granite countertops and stainless steel appliances. Home also has been modified with accessibility features throughout that includes large doorways for wheelchair access and has a whole house generator. Primary bedroom has a large walk-in closet and there are two extra good sized bedrooms with ample closets as well. New foundation and new drainage system in 2015.  Home is complete with a good sized two car garage with great access to house for unloading the car. New shed for the lawn equipment in the backyard too. All offers, if any, should be submitted by 5:00pm on Monday, February 12th.
Unit Size
2,063 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$334
Property Type
House
Property Taxes
$775
HOA Dues
-
Year Built
1962

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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: 6 months ago (MLSPIN #73201114)

Price History

Date / Event Date Event Price
Mar 25, 2024 Sold
Premium
Sold
Feb 13, 2024 In contract -
In contract
Feb 9, 2024 Listed by J. Barrett & Company $689,000
Listed by J. Barrett & Company
Mar 17, 2000 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 30,000
  • Total Building Area: 2,063
  • Gross Building Area: 2,973
  • Building Area: 2,063
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,063
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORWOOD AVE
  • Land Acres: 0000000689
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 1711
  • Parcel: ESSE M:137 L:20
  • Lot: 20
  • Municipality: ESSEX
  • Latitude: 42.6303
  • Longitude: -70.7569

    Address

  • Full Address: 127 Eastern Ave
  • Address - House Number: 127
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Essex
  • Carrier Code: R002
  • 4-Digit Zip Code: 1330
  • Zip Code: 01929

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $930,100

    Appraisal Valuation

  • Standard Deviation: 0.0797
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 94
  • Final Value: 703,626
  • High Value: 759,715
  • Low Value: 647,537

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $670,100
  • Assessed Land Value: $414,300
  • Assessed Improvements Value: $255,800

    Sales

  • Current Sale Contract Date: Mar 25, 2024
  • Current Sale Recording Date: Mar 25, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20240325000900
  • Previous Sale Recording Date: Mar 17, 2000
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2502 ft²

Average Home Age

73.3 years

Currently For Sale

1391 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: 6 months ago
Data Source: MLS PIN, MLS# 73201114

Frequently Asked Questions

When was property at 127 Eastern Avenue built and last sold?
The property at 127 Eastern Avenue was built in 1962 and last sold on Mar 25, 2024 for $700,000.
How much is this home worth?
The estimated value of the home located at 127 Eastern Avenue is $705,884.
What are some comparable homes to 127 Eastern Avenue?
There are currently no comparable homes to 127 Eastern Avenue.
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