For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
Check Availability
Essex
18 Forest St
Photo of 18 Forest St

11

Map

Photo of 18 Forest St
Photo of 18 Forest St
$750,000
● Land - In Contract

18 Forest St

Newbury, MA 01922
bedrooms
Studio
bathrooms
0 Bath
$4,051
Est. Monthly
2.53%
Cap Rate

About This Property

Start 2024 with a bang with this rare opportunity to build on over 5 acres in beautiful Newbury!  The four available lots can be joined with the potential to build single family homes or townhouses. There is a single family home on one of the lots in need of repair. Perc test and concept plans have been completed. Town approval will be needed. Taxes are estimates based on the 2024 assessed values of the 4 lots combined.  Please do not walk property without the listing agent.
Unit Size
-
Days on Market
-
Land Size
5.34 acres
Price per sqft
-
Property Type
Land
Property Taxes
$368
HOA Dues
-
Year Built
1845

Listed By

Gina Thibeault
Gina Thibeault
[email protected]
Keller Williams Realty

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (MLSPIN #73193157)

Price History

Date / Event Date Event Price
Mar 24, 2024 In contract -
In contract
Feb 13, 2024 Price Decreased $750,000
↓ $50K (6.3%)
Price Decreased
Jan 12, 2024 Listed by Keller Williams Realty Evolution $800,000
Listed by Keller Williams Realty Evolution

Property Highlights

Exterior Details
Building Area Units: Square Feet
Lot Features: Wooded
Lot Size Area: 5.34
Lot Size Units: Acres
Lot Size Acres: 5.34
Lot Size Square Feet: 233002
Water Source: Public
Financial Details
Tax Assessed Value: $575,600
Tax Annual Amount: $4,420
Utilities Details
Sewer : Private Sewer, Perc Test On File

Building Info

Overview

    General

  • Year Built: 1845
  • Effective Year Built: 1845
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 262
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,631
  • Total Building Area: 1,891
  • Gross Building Area: 2,410
  • Building Area: 1,891
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,891
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000749
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • School Tax School District: TRITON SD
  • Census Tract: 269100

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0U13 B:0000 L:00029
  • Lot: 29
  • Municipality: NEWBURY
  • Latitude: 42.7578
  • Longitude: -70.9533

    Address

  • Full Address: 18 Forest St
  • Address - House Number: 18
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Byfield
  • Carrier Code: R002
  • 4-Digit Zip Code: 1003
  • Zip Code: 01922

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $391,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0796
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 94
  • Final Value: 761,429
  • High Value: 822,109
  • Low Value: 700,750

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $509,600
  • Assessed Land Value: $277,300
  • Assessed Improvements Value: $232,300
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: 2 years ago
Data Source: MLS PIN, MLS# 73193157

Frequently Asked Questions

When was property at 18 Forest Street built and last sold?
The property at 18 Forest Street was built in 1845 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 18 Forest Street is $757,500.
What are some comparable homes to 18 Forest Street?
There are currently no comparable homes to 18 Forest Street.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Newbury Homes for Sale
Newbury Houses for Sale
Newbury Condos for Sale
Newbury Multifamily for Sale
Newbury Land for Sale
Newbury Commercial for Sale
Newbury Homes with Basements
Newbury Homes with Pools
Nearby Cities
Haverhill Homes for Sale
Newburyport Homes for Sale
Amesbury Town Homes for Sale
Salisbury Homes for Sale
Ipswich Homes for Sale
Boxford Homes for Sale
Seabrook Beach Homes for Sale
Rowley Homes for Sale
Nearby Property Records
Essex County, MA Property Records
Rockingham County, NH Property Records
Suffolk County, MA Property Records
Middlesex County, MA Property Records
Strafford County, NH Property Records
Hillsborough County, NH Property Records
Norfolk County, MA Property Records
York County, ME Property Records
Nearby Counties
Haverhill Homes for Sale
North Andover Homes for Sale
Newburyport Homes for Sale
Amesbury Town Homes for Sale
Ipswich Homes for Sale
Salisbury Homes for Sale
Boxford Homes for Sale
Georgetown Homes for Sale
Top Real Estate Agents
Top Agents in Newbury
Top Agents in Haverhill
Top Agents in Haverhill
Top Agents in North Andover
Top Agents in 01832
Top Agents in 01830
Top Agents in 01950
Top Agents in Newburyport