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Essex
13 Rainbow Ridge Way
$266,000
● House - Off Market

13 Rainbow Ridge Way

Georgetown, MA 01833
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,200 Ft²
$1,022,425
RealtyHop Estimate
271.93%
Since Jan 1, 1997
National-US
Primary Model

About This Property

THIS IS THE POT OF GOLD AT THE END OF THE RAINBOW. LIGHT, BRIGHT AND BIG. OVERSIZED WINDOWS,8FT. CEILINGS H/W FLRS & HUGE KITCHEN MAKE THIS A HOME NOT TO BE MISSED. LOVELY LANDSCAPED LOT ON CUL-DE-SAC.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$125
Property Type
House
Property Taxes
$263
HOA Dues
-
Year Built
1990

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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 years ago (MLSPIN #30118080)

Price History

Date / Event Date Event Price
Jun 27, 2002 Sold
Premium
Sold
Dec 10, 1996 Sold
Premium
Sold
Jul 22, 1996 Listed by Vernon A. Martin, Inc. $274,900
Listed by Vernon A. Martin, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • 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: 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: 20,010
  • Total Building Area: 2,140
  • Gross Building Area: 5,100
  • Building Area: 2,140
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,140
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265102

Geography

  • District: 105
  • Parcel: GEOR M:00020 B:00000 L:0045G
  • Lot: 45G
  • Municipality: GEORGETOWN
  • Latitude: 42.7366
  • Longitude: -70.9394

    Address

  • Full Address: 13 Rainbow Ridge Way
  • Address - House Number: 13
  • Address - Street Name: Rainbow Ridge
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R004
  • 4-Digit Zip Code: 1836
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $899,700

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 854,115
  • High Value: 984,916
  • Low Value: 723,314

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $716,900
  • Assessed Land Value: $192,500
  • Assessed Improvements Value: $524,400

    Sales

  • Current Sale Recording Date: Jun 27, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 10, 1996
  • Previous Sale Amount: $266,000
  • Previous Sale Document Type: 43
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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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 years ago
Data Source: MLS PIN, MLS# 30118080

Frequently Asked Questions

When was property at 13 Rainbow Ridge Way built and last sold?
The property at 13 Rainbow Ridge Way was built in 1990 and last sold on Jan 1, 1970 for $482,500.
How much is this home worth?
The estimated value of the home located at 13 Rainbow Ridge Way is $0.
What are some comparable homes to 13 Rainbow Ridge Way?
There are currently no comparable homes to 13 Rainbow Ridge Way.
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