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Essex
16 River Rd
Photo of 16 River Rd
Sold on Feb 17, 2010

1

Map

$437,000
● House - Off Market

16 River Rd

West Newbury, MA 01985
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2,658 Ft²
$973,332
RealtyHop Estimate
116.34%
Since Mar 1, 2010
National-US
Primary Model

About This Property

Passive Solar Post & Beam on private 1.4 acres high on the banks of the Merrimack River with dramatic living space featuring Cathedral Ceilings with Skylights, attached Greenhouse could make a great solarium, Living-room w/lg Fireplace, Loft master suite with balcony. Lower level has over 1000sq ft of space to add a 3rd bedroom with family room or inlaw apt. Go green w/Geothermal heat pump which provides economical heat and ac. no gas or oil needed. Oversized garage fits 3 cars or your 32' boat
Unit Size
2,658 Ft²
Days on Market
-
Land Size
1.40 acres
Price per sqft
$169
Property Type
House
Property Taxes
$564
HOA Dues
-
Year Built
1985

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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: 5 months ago (MLSPIN #70987639)

Price History

Date / Event Date Event Price
Feb 17, 2010 Sold
Premium
Sold
Oct 10, 2009 Listed $449,900
Listed

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 7
  • Basement Area: 1,344
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 60,984
  • Total Building Area: 2,299
  • Gross Building Area: 4,097
  • Building Area: 2,299
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 2,299
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001400
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 263100

Zoning

  • Zoning: RB

Geography

  • Parcel: WNEW M:012.0 B:0000 L:0004.0
  • Lot: 4.0
  • Municipality: WEST NEWBURY
  • Latitude: 42.8131
  • Longitude: -70.9996

    Address

  • Full Address: 16 River Rd
  • Address - House Number: 16
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: West Newbury
  • Carrier Code: R003
  • 4-Digit Zip Code: 1004
  • Zip Code: 01985

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,141,100

    Appraisal Valuation

  • Standard Deviation: 0.2044
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 815,589
  • High Value: 982,291
  • Low Value: 648,887

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,054,600
  • Assessed Land Value: $753,400
  • Assessed Improvements Value: $301,200

    Sales

  • Current Sale Recording Date: Feb 17, 2010
  • Current Sale Price:
    Premium
  • Current 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2519 ft²

Average Home Age

73.7 years

Currently For Sale

1437 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70987639

Frequently Asked Questions

When was property at 16 River Road built and last sold?
The property at 16 River Road was built in 1985 and last sold on Jan 1, 1970 for $437,000.
How much is this home worth?
The estimated value of the home located at 16 River Road is $485,445.
What are some comparable homes to 16 River Road?
There are currently no comparable homes to 16 River Road.
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