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Essex 01952
18 High St
$415,000
● House - Off Market

18 High St

Salisbury, MA 01952
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,028 Ft²
$2,481
Est. Monthly

About This Property

Opportunity Knocking!!  On this Large .92 Acre Level Lot is a 3 Bedroom, 1 Bath Ranch w/Oversized Detached Garage. Home sits back off the road with a Horseshoe Driveway and Plenty of Parking.  Home was gutted down to studs and renovated in 2015 with new roof, kitchen, windows, insulation, electrical, flooring and more. Finished room in basement. New electric panel in Garage. Some TLC and sprucing up needed for this diamond in the rough - however, with a little sweat equity this cozy ranch has tons of potential.  Just minutes to routes 95, 495, 1 and 286. Local to Beaches, Newburyport, Restaurants and Shopping.  BONUS: Numerous Commercial Use Possibilities - as this Property is located in the Lafayette-Main Commercial District - Subdistrict A (LM-A).  Sold-As-Is/As-Seen. Easy to Show - Available for Quick Close.
Unit Size
1,028 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$418
Property Type
House
Property Taxes
$369
HOA Dues
-
Year Built
1900

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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 #73179824)

Price History

Date / Event Date Event Price
Feb 28, 2024 Sold
Premium
Sold
Jan 4, 2024 In contract -
In contract
Dec 4, 2023 Price Decreased $429,900
↓ $10K (2.3%)
Price Decreased
Nov 16, 2023 Price Increased $439,900
↑ $10K (2.3%)
Price Increased
Nov 13, 2023 Listed by Keller Williams Realty-Merrimack $429,900
Listed by Keller Williams Realty-Merrimack
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1912
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,028
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,984
  • Total Building Area: 1,028
  • Gross Building Area: 2,104
  • Building Area: 1,028
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,028
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000918
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 267102

Zoning

  • Zoning: LM-A

Geography

  • Account Number: 1973/442
  • Parcel: SALI M:18 P: 24
  • Municipality: SALISBURY
  • Latitude: 42.8669
  • Longitude: -70.8827

    Address

  • Full Address: 18 High St
  • Address - House Number: 18
  • Address - Street Name: High
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salisbury
  • Carrier Code: R001
  • 4-Digit Zip Code: 1416
  • Zip Code: 01952

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $455,400

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 94
  • Final Value: 438,560
  • High Value: 473,604
  • Low Value: 403,515

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $435,800
  • Assessed Land Value: $172,800
  • Assessed Improvements Value: $263,000

    Sales

  • Current Sale Contract Date: Feb 28, 2024
  • Current Sale Recording Date: Feb 28, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20240228003100
  • Previous Sale Recording Date: Nov 04, 2015
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2527 ft²

Average Home Age

71.9 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

Unit for rent at 21 Folly Mill, Seabrook, 03874

$2,400 /mo

  • 2 Beds
  • 1 Bath
  • 756 ft²
21 Folly Mill #5E, Seabrook, 03874 Listing by Jarad Gagnon

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73179824

Frequently Asked Questions

When was property at 18 High Street built and last sold?
The property at 18 High Street was built in 1900 and last sold on Feb 28, 2024 for $415,000.
How much is this home worth?
The estimated value of the home located at 18 High Street is $433,521.
What are some comparable homes to 18 High Street?
There are currently no comparable homes to 18 High Street.
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