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Essex
16 Chase Crescent
$316,000
● House - Off Market

16 Chase Crescent

Merrimac, MA 01860
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,632 Ft²
$729,976
RealtyHop Estimate
115.21%
Since Sep 1, 2012
National-US
Primary Model

About This Property

Look at this beautiful affordable home waiting just for you! What a great location & condition! Nice area for kids. Beautiful, private yard. Nice open floor plan/breakfast island in kit. island, sliders to large deck & pool, HW floors in living room, jog for future fire place & separate office or guest room on first floor. 3 good sized bedrooms upstairs, 2 car attached garage, full guaranteed dry basement for future finishing. Or add a 3-4 season porch. Call today!
Unit Size
1,632 Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$208
Property Type
House
Property Taxes
$377
HOA Dues
-
Year Built
1993

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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 #71293356)

Price History

Date / Event Date Event Price
May 4, 2021 Sold
Premium
Sold
Mar 10, 2021 Listed by RE/MAX On The River, Inc. $519,900
Listed by RE/MAX On The River, Inc.
Aug 31, 2012 Sold
Premium
Sold
Sep 28, 2011 Listed by RE/MAX On The River, Inc. $339,200
Listed by RE/MAX On The River, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,981
  • Total Building Area: 1,632
  • Gross Building Area: 3,224
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BIRCH MDW ESTATES
  • Land Acres: 0000000619
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: AR

Geography

  • District: 180
  • Parcel: MERR M:0064 B:0001 L:00055
  • Block: 1
  • Lot: 55
  • Municipality: MERRIMAC
  • Latitude: 42.8242
  • Longitude: -71.0277

    Address

  • Full Address: 16 Chase Cres
  • Address - House Number: 16
  • Address - Street Name: Chase
  • Address - Suffix Type: Cres
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C003
  • 4-Digit Zip Code: 1855
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $801,500

    Appraisal Valuation

  • Standard Deviation: 0.1726
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 626,075
  • High Value: 734,030
  • Low Value: 518,120

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $593,700
  • Assessed Land Value: $310,900
  • Assessed Improvements Value: $282,800

    Sales

  • Current Sale Contract Date: May 04, 2021
  • Current Sale Recording Date: May 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210504005070
  • Previous Sale Recording Date: Aug 31, 2012
  • Previous Sale Amount: $316,000
  • 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

2546 ft²

Average Home Age

73.2 years

Currently For Sale

1483 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# 71293356

Frequently Asked Questions

When was property at 16 Chase Crescent built and last sold?
The property at 16 Chase Crescent was built in 1993 and last sold on May 4, 2021 for $580,000.
How much is this home worth?
The estimated value of the home located at 16 Chase Crescent is $526,460.
What are some comparable homes to 16 Chase Crescent?
There are currently no comparable homes to 16 Chase Crescent.
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