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Essex 01951
15 Harvard Way
$542,000
● House - Off Market

15 Harvard Way

Newbury, MA 01951
bedrooms
3 Beds
bathrooms
1 Bath
square feet
936 Ft²
$757,763
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Beautiful Plum Island furnished year round or second home. Enjoy a relaxing beach lifestyle in this fabulous energy efficient, easy to maintain, open concept A-frame living space. Recent updates are the installation of solar panels, Mitsubishi mini splits (cooling and heating) and new storm doors. This home features lots of natural sunlight, outdoor living, a spacious kitchen, bathroom and living room. The second floor offers 2 bedrooms with skylights and decks off of each. Just one block from the beach, move-in ready and impeccably maintained. The perfect beach dream home with no maintenance worries! ***First showings begin at Open House Saturday February 8, 1-3pm***
Unit Size
936 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$566
Property Type
House
Property Taxes
$396
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 #72615378)

Price History

Date / Event Date Event Price
Mar 27, 2020 Sold
Premium
Sold
Feb 4, 2020 Listed by Cameron Prestige, LLC $529,900
Listed by Cameron Prestige, LLC
Aug 29, 2017 Sold
Premium
Sold
Jul 12, 2017 Listed by Cameron Prestige, LLC $459,900
Listed by Cameron Prestige, LLC
Sep 22, 2016 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • 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: 5,545
  • Total Building Area: 900
  • Gross Building Area: 1,968
  • Building Area: 900
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 900
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLUM ISLAND BCH CO SEC J
  • Land Acres: 0000000127
  • 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:0U01 B:0000 L:00152
  • Lot: 152
  • Municipality: NEWBURY
  • Latitude: 42.7933
  • Longitude: -70.8093

    Address

  • Full Address: 15 Harvard Way
  • Address - House Number: 15
  • Address - Street Name: Harvard
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Newbury
  • Carrier Code: C011
  • 4-Digit Zip Code: 2110
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $639,700

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 814,660
  • High Value: 939,697
  • Low Value: 689,623

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $832,900
  • Assessed Land Value: $563,800
  • Assessed Improvements Value: $269,100

    Sales

  • Current Sale Contract Date: Mar 17, 2020
  • Current Sale Recording Date: Mar 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200327000920
  • Previous Sale Recording Date: Aug 29, 2017
  • Previous Sale Amount: $430,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2469 ft²

Average Home Age

72.3 years

Currently For Sale

1388 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: 6 months ago
Data Source: MLS PIN, MLS# 72615378

Frequently Asked Questions

When was property at 15 Harvard Way built and last sold?
The property at 15 Harvard Way was built in 1962 and last sold on Mar 17, 2020 for $542,000.
How much is this home worth?
The estimated value of the home located at 15 Harvard Way is $524,672.
What are some comparable homes to 15 Harvard Way?
There are currently no comparable homes to 15 Harvard Way.
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