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Essex
18 Heath Road
$500,000
● House - Off Market

18 Heath Road

Merrimac, MA 01860
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,700 Ft²
$993,826
RealtyHop Estimate
98.77%
Since Oct 1, 2004
National-US
Primary Model

About This Property

Country kitchen w/granite counters, window seat and Vermont Castings wood insert, screen porch, patio w/hot tub . Separate entrance w/family room and 3/4 bath - an ideal guest room or au-pair suite. All sited on a landscaped one-acre lot offering country charm and privacy.
Unit Size
2,700 Ft²
Days on Market
-
Land Size
1.13 acres
Price per sqft
$185
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1983

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #70052517)

Price History

Date / Event Date Event Price
Sep 30, 2004 Sold
Premium
Sold
Jun 17, 2004 Listed by Stone Ridge Properties, Inc. $500,000
Listed by Stone Ridge Properties, Inc.
Jul 31, 2001 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Basement Area: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 49,371
  • Total Building Area: 2,484
  • Gross Building Area: 5,934
  • Building Area: 2,484
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,484
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MERRIMAC
  • Land Acres: 0000001133
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: AR

Geography

  • District: 180
  • Parcel: MERR M:0062 B:0001 L:002-C
  • Block: 1
  • Lot: 2-C
  • Municipality: MERRIMAC
  • Latitude: 42.8304
  • Longitude: -71.034

    Address

  • Full Address: 18 Heath Rd
  • Address - House Number: 18
  • Address - Street Name: Heath
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C003
  • 4-Digit Zip Code: 1707
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $859,800

    Appraisal Valuation

  • Standard Deviation: 0.1575
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 765,701
  • High Value: 886,088
  • Low Value: 645,315

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $636,900
  • Assessed Land Value: $284,200
  • Assessed Improvements Value: $352,700

    Sales

  • Current Sale Recording Date: Sep 30, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 31, 2001
  • Previous Sale Amount: $440,000
  • 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:

$699,500

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2546 ft²

Average Home Age

72.5 years

Currently For Sale

1487 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# 70052517

Frequently Asked Questions

When was property at 18 Heath Road built and last sold?
The property at 18 Heath Road was built in 1983 and last sold on Jan 1, 1970 for $500,000.
How much is this home worth?
The estimated value of the home located at 18 Heath Road is $531,255.
What are some comparable homes to 18 Heath Road?
There are currently no comparable homes to 18 Heath Road.
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