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Essex
13 Proctor Street
$11,000,000
● House - Off Market

13 Proctor Street

Manchester, MA 01944
bedrooms
7 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
9,600 Ft²
$62,114
Est. Monthly

About This Property

Towering over Manchester Harbor, " HARBORHEAD"  is perched majestically with stunning town and water views stretching from Manchester center, across the water  to Peach's Point Marblehead. "Sunset Farm", the original estate, has been replaced by this fabulous New Construction modern but Classic Colonial design. Southwestern light reflects off the harbor and illuminates this sensational one of a kind waterfront home. The property was sited and thoughtfully designed to maximize its fabulous waterveiws from almost every room. Attention to detail and fine craftsmanship is evident throughout this elegant home. Car enthusiasts will thoroughly enjoy the oversized  3 bay garage with radiant floor heat and additional room for "toys". Private showings only. Financial qualifications required upon booking of appointment.
Unit Size
9,600 Ft²
Days on Market
-
Land Size
2.07 acres
Price per sqft
$1,318
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2022

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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: 4 months ago (MLSPIN #73109606)

Price History

Date / Event Date Event Price
Feb 9, 2024 Sold
Premium
Sold
Dec 28, 2023 In contract -
In contract
Oct 24, 2023 Price Decreased $12,650,000
↓ $1M (8%)
Price Decreased
May 25, 2023 Relisted $13,750,000
Relisted
May 22, 2023 Withdrawn -
Withdrawn
Show More

Property Highlights

Garage
Parking Available
Elevator
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 3,900
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 90,043
  • Total Building Area: 9,599
  • Gross Building Area: 18,820
  • Building Area: 9,599
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 9,599
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SMITH FARM
  • Land Acres: 0000002067
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Manchester Essex Regional School District
  • School Tax School District: MANCHSTR ESSEX
  • Census Tract: 218100

Zoning

  • Zoning: E

Geography

  • District: 166
  • Parcel: MANC M:0016 B:0000 L:0016
  • Lot: 16
  • Municipality: MANCHESTER
  • Latitude: 42.5698
  • Longitude: -70.7691

    Address

  • Full Address: 13 Proctor St
  • Address - House Number: 13
  • Address - Street Name: Proctor
  • Address - Suffix Type: St
  • State: MA
  • City Name: Manchester
  • Carrier Code: C004
  • 4-Digit Zip Code: 1447
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $6,950,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $7,433,900
  • Assessed Land Value: $3,280,600
  • Assessed Improvements Value: $4,153,300

    Sales

  • Current Sale Contract Date: Feb 08, 2024
  • Current Sale Recording Date: Feb 09, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20240209001290
  • Previous Sale Recording Date: Aug 29, 2014
  • Previous Sale Amount: $4,400,000
  • 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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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: 4 months ago
Data Source: MLS PIN, MLS# 73109606

Frequently Asked Questions

When was property at 13 Proctor Street built and last sold?
The property at 13 Proctor Street was built in 2022 and last sold on Feb 8, 2024 for $11,000,000.
How much is this home worth?
The estimated value of the home located at 13 Proctor Street is $12,658,851.
What are some comparable homes to 13 Proctor Street?
There are currently no comparable homes to 13 Proctor Street.
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