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Essex
175 Central St
$75,000
● Land - Off Market

175 Central St

Georgetown, MA 01833
bedrooms
Studio
bathrooms
0 Bath
$347,533
RealtyHop Estimate
131.84%
Since Feb 1, 2012
National-US
Primary Model

About This Property

This 23880 sq ft parcell of land has frontage on 2 streets.Property presently has a small building on it that needs to be torn down. Property will need a septic system. It does not come with a title five and is being sold as is. Residential land with non-conforming zoning to run a small engine repair business. Seller make no reps or warrantys about current available usage of property. Buyer is responsible for all its own due diligence.
Unit Size
-
Days on Market
-
Land Size
0.55 acres
Price per sqft
-
Property Type
Land
Property Taxes
$175
HOA Dues
-
Year Built
-

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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 #71164488)

Price History

Date / Event Date Event Price
Apr 7, 2023 Sold
Premium
Sold
Oct 12, 2022 Withdrawn -
Withdrawn
Aug 25, 2022 Listed by C & H Realty Group $140,000
Listed by C & H Realty Group
Jan 10, 2012 Sold
Premium
Sold
Nov 20, 2010 Listed by C & H Realty Group $149,900
Listed by C & H Realty Group

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 23,880
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: OWNER & APPLICANT FRANK TOLMAN
  • Land Acres: 0000000548
  • Standard Land Use Code: 8016
  • County Land Use Code: 106

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265101

Geography

  • District: 105
  • Parcel: GEOR M:0010A B:00000 L:0011A
  • Lot: 11A
  • Municipality: GEORGETOWN
  • Latitude: 42.7121
  • Longitude: -70.9921

    Address

  • Full Address: 175 Central St
  • Address - House Number: 175
  • Address - Street Name: Central
  • Address - Suffix Type: St
  • State: MA
  • City Name: Georgetown
  • Carrier Code: C033
  • 4-Digit Zip Code: 2413
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $256,800
  • Initial Tax Delinquent Year: 2024

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $204,600
  • Assessed Land Value: $179,900
  • Assessed Improvements Value: $24,700

    Sales

  • Current Sale Contract Date: Apr 06, 2023
  • Current Sale Recording Date: Apr 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230407000080
  • Previous Sale Recording Date: Apr 06, 2023
  • Previous Sale Contract Date: Apr 05, 2023
  • Previous Sale Amount: $137,500
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71164488

Frequently Asked Questions

When was property at 175 Central Street built and last sold?
The property at 175 Central Street was built in and last sold on Apr 6, 2023 for $163,500.
How much is this home worth?
The estimated value of the home located at 175 Central Street is $141,400.
What are some comparable homes to 175 Central Street?
There are currently no comparable homes to 175 Central Street.
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