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Essex
16 Elm St
$577,500
● House - Off Market

16 Elm St

Georgetown, MA 01833
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,524 Ft²
$788,671
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Gracious Federal home. Complete restoration. Many original period details including built-ins, Rufus Porter murals, 3 fireplaces, and wide pine floors.  Modern amenities include a new kitchen with high-end appliances, quartz countertops, custom cabinetry and counter seating.  Other highlights include a home gym, mudroom, and electric vehicle charging station.  Located within 30 minutes of Boston, Newburyport, and Cranes Beach.  Quiet neighborhood, a short distance to town, schools, ponds, and parks.  This is a special home for the discerning buyer.
Unit Size
3,524 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$169
Property Type
House
Property Taxes
$666
HOA Dues
-
Year Built
1810

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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 #72659371)

Price History

Date / Event Date Event Price
Nov 6, 2020 Sold
Premium
Sold
May 20, 2020 Listed by Keller Williams Realty $595,000
Listed by Keller Williams Realty
Aug 21, 1995 Sold
Premium
Sold
Oct 4, 1994 Listed by Keller Williams Realty $229,900
Listed by Keller Williams Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1810
  • Effective Year Built: 1810
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 14,400
  • Total Building Area: 3,524
  • Gross Building Area: 5,402
  • Building Area: 3,524
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,524
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000331
  • 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: 265101

Geography

  • District: 105
  • Parcel: GEOR M:0010B B:00000 L:00053
  • Lot: 53
  • Municipality: GEORGETOWN
  • Latitude: 42.7189
  • Longitude: -70.9856

    Address

  • Full Address: 16 Elm St
  • Address - House Number: 16
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Georgetown
  • Carrier Code: C053
  • 4-Digit Zip Code: 2514
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $790,100

    Appraisal Valuation

  • Standard Deviation: 0.2108
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 738,669
  • High Value: 894,441
  • Low Value: 582,897

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $629,600
  • Assessed Land Value: $176,100
  • Assessed Improvements Value: $453,500

    Sales

  • Current Sale Contract Date: Nov 03, 2020
  • Current Sale Recording Date: Nov 06, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201106006280
  • Previous Sale Recording Date: Aug 21, 1995
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 27
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

Unit for rent at 8 Hemlock, Groveland, 01834

$5,500 /mo

  • 4 Beds
  • 2 Baths
  • 3,680 ft²
8 Hemlock, Groveland, 01834 Listing by Tami Mallett

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72659371

Frequently Asked Questions

When was property at 16 Elm Street built and last sold?
The property at 16 Elm Street was built in 1810 and last sold on Nov 3, 2020 for $577,500.
How much is this home worth?
The estimated value of the home located at 16 Elm Street is $632,203.
What are some comparable homes to 16 Elm Street?
There are currently no comparable homes to 16 Elm Street.
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