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Essex 01951
2 49th Street
$470,000
● House - Off Market

2 49th Street

Newbury, MA 01951
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,866 Ft²
$941,882
RealtyHop Estimate
96.27%
Since Jul 1, 2013
National-US
Primary Model

About This Property

Open concept contemporary with fenced, beautifully landscaped yard featuring small pond & flowering trees.  Cathedral wood ceilings add drama to the living space, and newer windows make this a snug and comfortable home.  3 bedrooms include one in the lower level which looks out on landscaped yard.  Two bedrooms up, with two full baths & convenient laundry.
Unit Size
1,866 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$257
Property Type
House
Property Taxes
$449
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 #71495669)

Price History

Date / Event Date Event Price
Jun 21, 2013 Sold
Premium
Sold
Mar 19, 2013 Listed by Stone Ridge Properties, Inc. $479,900
Listed by Stone Ridge Properties, Inc.
Oct 11, 2007 Sold
Premium
Sold
Jun 7, 2007 Listed by Stone Ridge Properties, Inc. $529,000
Listed by Stone Ridge Properties, Inc.
Dec 28, 1998 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 19
  • 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: 1,032
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,950
  • Total Building Area: 2,279
  • Gross Building Area: 3,324
  • Building Area: 2,279
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,279
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000137
  • 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:0U04 B:0000 L:00113
  • Lot: 113
  • Municipality: NEWBURY
  • Latitude: 42.8096
  • Longitude: -70.8112

    Address

  • Full Address: 2 49th St
  • Address - House Number: 2
  • Address - Street Name: 49th
  • Address - Suffix Type: St
  • State: MA
  • City Name: Newbury
  • Carrier Code: C011
  • 4-Digit Zip Code: 1412
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $744,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1672
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 78
  • Final Value: 1,049,819
  • High Value: 1,225,436
  • Low Value: 874,202

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $969,400
  • Assessed Land Value: $566,700
  • Assessed Improvements Value: $402,700

    Sales

  • Current Sale Recording Date: Jun 21, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 557
  • Previous Sale Recording Date: Oct 11, 2007
  • Previous Sale Amount: $500,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2534 ft²

Average Home Age

72.8 years

Currently For Sale

1454 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71495669

Frequently Asked Questions

When was property at 2 49th Street built and last sold?
The property at 2 49th Street was built in 1985 and last sold on Jan 1, 1970 for $470,000.
How much is this home worth?
The estimated value of the home located at 2 49th Street is $496,972.
What are some comparable homes to 2 49th Street?
There are currently no comparable homes to 2 49th Street.
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