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Essex
2 B Street
$49,500
● Mobile Manufactured - Off Market

2 B Street

Merrimac, MA 01860
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
891 Ft²
$94,280
RealtyHop Estimate
74.92%
Since Sep 1, 2005
National-US
Primary Model

About This Property

Affordable living at its best in this desirable 12x60 Holly Park mobile home on spacious corner lot located in one of the Northshore's preferred parks. NO REAL ESTATE TAXES. Enjoy the Indian Head Park area on the shores of Lake Attitash just across the street from the park.  Sale subject to favorable interview with park owner.
Unit Size
891 Ft²
Days on Market
-
Land Size
-
Price per sqft
$60
Property Type
Mobile Manufactured
Property Taxes
-
HOA Dues
-
Year Built
1954

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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 #70185791)

Price History

Date / Event Date Event Price
Apr 30, 2018 Sold
Premium
Sold
May 1, 2006 Sold
Premium
Sold
Aug 15, 2005 Sold
Premium
Sold
May 5, 2005 Listed by Waterhouse Realty Assoc. $53,900
Listed by Waterhouse Realty Assoc.

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 560
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,649
  • Total Building Area: 980
  • Gross Building Area: 1,326
  • Building Area: 980
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 980
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SR

Geography

  • District: 180
  • Parcel: MERR M:0052 B:0001 L:007-E
  • Block: 1
  • Lot: 7-E
  • Municipality: MERRIMAC
  • Latitude: 42.8344
  • Longitude: -70.98

    Address

  • Full Address: 2 Burnside Ln
  • Address - House Number: 2
  • Address - Street Name: Burnside
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C002
  • 4-Digit Zip Code: 2105
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $516,800

    Appraisal Valuation

  • Standard Deviation: 0.179
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 447,110
  • High Value: 526,981
  • Low Value: 367,240

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $382,800
  • Assessed Land Value: $284,800
  • Assessed Improvements Value: $98,000

    Sales

  • Current Sale Recording Date: Apr 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180430004240
  • Previous Sale Recording Date: May 01, 2006
  • Previous Sale Amount: $245,000
  • 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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2541 ft²

Average Home Age

72.1 years

Currently For Sale

1492 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# 70185791

Frequently Asked Questions

When was property at 2 B Street built and last sold?
The property at 2 B Street was built in 1954 and last sold on Jan 1, 1970 for $296,500.
How much is this home worth?
The estimated value of the home located at 2 B Street is $69,833.
What are some comparable homes to 2 B Street?
There are currently no comparable homes to 2 B Street.
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