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Essex
16 Rainbow Ridge Way
$525,000
● House - Off Market

16 Rainbow Ridge Way

Georgetown, MA 01833
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,213 Ft²
$809,312
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

Located at the end of a quiet cul-de-sac, abuts conservation land with TOTAL privacy in the rear; Situated in a wonderful family neighborhood this 8 room Cape features a large kitchen with a fireplace,dining area and center island, great for entertaining;  Sliders to a deck off the dining area; Family with a fireplace,vaulted ceilings and skylights with sliders to another large deck. Master bath with 2 separate vanities, shower, and a separate room with skylights, vanity, a whirlpool tub with an awesome private view out a picture window! 2 car garage with large room over the garage just waiting to be finished; and full basement, walk out to the back yard for expansion possibilities. (4 BR septic)
Unit Size
2,213 Ft²
Days on Market
-
Land Size
0.96 acres
Price per sqft
$242
Property Type
House
Property Taxes
$618
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 months ago (MLSPIN #72350302)

Price History

Date / Event Date Event Price
Sep 10, 2018 Sold
Premium
Sold
Jun 21, 2018 Listed by Lois Erickson Real Estate $535,000
Listed by Lois Erickson Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 41,742
  • Total Building Area: 2,101
  • Gross Building Area: 5,212
  • Building Area: 2,101
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,101
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000958
  • 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:0045J
  • Lot: 45J
  • Municipality: GEORGETOWN
  • Latitude: 42.7367
  • Longitude: -70.9405

    Address

  • Full Address: 16 Rainbow Ridge Way
  • Address - House Number: 16
  • Address - Street Name: Rainbow Ridge
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R004
  • 4-Digit Zip Code: 1835
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $805,100

    Appraisal Valuation

  • Standard Deviation: 0.1723
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 802,011
  • High Value: 928,692
  • Low Value: 675,330

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $641,500
  • Assessed Land Value: $221,900
  • Assessed Improvements Value: $419,600

    Sales

  • Current Sale Recording Date: Sep 10, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180910003370
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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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 146 Elm, Newbury, 01922

$2,795 /mo

  • 2 Beds
  • 1 Bath
  • 1,700 ft²
146 Elm, Newbury, 01922

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72350302

Frequently Asked Questions

When was property at 16 Rainbow Ridge Way built and last sold?
The property at 16 Rainbow Ridge Way was built in 1990 and last sold on Jan 1, 1970 for $525,000.
How much is this home worth?
The estimated value of the home located at 16 Rainbow Ridge Way is $558,084.
What are some comparable homes to 16 Rainbow Ridge Way?
There are currently no comparable homes to 16 Rainbow Ridge Way.
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