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Essex
16 Abbott Street
$399,900
● House - Off Market

16 Abbott Street

Merrimac, MA 01860
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,694 Ft²
$560,687
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Great one level living for people who desire a first floor master suite, and 2 bonus bedrooms upstairs with great built ins. The level flat lot is fenced and features many perennials - all set on a side street close to town trails, schools, playing fields and downtown. The sought after Pentucket school district is in the process of building a new Middle/High School. The huge 2 + car garage is fantastic with a work shop, extra storage, loft, and the possibility to have a wood stove.
Unit Size
1,694 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$236
Property Type
House
Property Taxes
$412
HOA Dues
-
Year Built
1945

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72631048)

Price History

Date / Event Date Event Price
Jun 19, 2020 Sold
Premium
Sold
Mar 10, 2020 Listed by Stone Ridge Properties, Inc. $399,900
Listed by Stone Ridge Properties, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 744
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,613
  • Total Building Area: 1,694
  • Gross Building Area: 2,624
  • Building Area: 1,694
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,694
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000267
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: VR

Geography

  • District: 180
  • Parcel: MERR M:0006 B:0001 L:00006
  • Block: 1
  • Lot: 6
  • Municipality: MERRIMAC
  • Latitude: 42.8375
  • Longitude: -71.0089

    Address

  • Full Address: 16 Abbott St
  • Address - House Number: 16
  • Address - Street Name: Abbott
  • Address - Suffix Type: St
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C001
  • 4-Digit Zip Code: 1401
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $674,900

    Appraisal Valuation

  • Standard Deviation: 0.1833
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 565,072
  • High Value: 668,537
  • Low Value: 461,607

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $499,900
  • Assessed Land Value: $274,000
  • Assessed Improvements Value: $225,900

    Sales

  • Current Sale Contract Date: Jun 17, 2020
  • Current Sale Recording Date: Jun 19, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200619005620
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

2521 ft²

Average Home Age

73.7 years

Currently For Sale

1419 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# 72631048

Frequently Asked Questions

When was property at 16 Abbott Street built and last sold?
The property at 16 Abbott Street was built in 1945 and last sold on Jun 17, 2020 for $399,900.
How much is this home worth?
The estimated value of the home located at 16 Abbott Street is $416,401.
What are some comparable homes to 16 Abbott Street?
There are currently no comparable homes to 16 Abbott Street.
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