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Essex 01951
2 Bittersweet Ln
$480,000
● House - Off Market

2 Bittersweet Ln

Newbury, MA 01951
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,444 Ft²
$758,634
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model

About This Property

Pretty updated Cape located near the Upper Green in Newbury.  Recent updates include new kitchen, new windows, new roof, new carpet upstairs, hardwood floors refinished and freshly painted inside.  First level consists of a beautiful new kitchen with high end appliances and quartz counter tops, fireplaced living room, bedroom, 3/4 bath and a dining room that opens to a large screened in porch.  2nd level offers 2 bedrooms, full bath and an additional room that can be used as a den, office or bedroom.  Just over 1 mile to downtown Newburyport! Close to Plum Island beaches, commuter rail and route 95.  This one is not to be missed!
Unit Size
1,444 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$339
Property Type
House
Property Taxes
$279
HOA Dues
-
Year Built
1965

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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: 4 months ago (MLSPIN #72266821)

Price History

Date / Event Date Event Price
Mar 26, 2018 Sold
Premium
Sold
Jan 1, 2018 Listed by RE/MAX On The River, Inc. $489,900
Listed by RE/MAX On The River, Inc.
Mar 15, 2017 Sold
Premium
Sold
Dec 15, 2016 Listed by RE/MAX On The River, Inc. $435,000
Listed by RE/MAX On The River, Inc.
Jan 12, 2001 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 825
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,154
  • Total Building Area: 1,444
  • Gross Building Area: 2,755
  • Building Area: 1,444
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,444
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEWBURY
  • Land Acres: 0000000187
  • 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:0U09 B:0000 L:00026
  • Lot: 26
  • Municipality: NEWBURY
  • Latitude: 42.794
  • Longitude: -70.8634

    Address

  • Full Address: 2 Bittersweet Ln
  • Address - House Number: 2
  • Address - Street Name: Bittersweet
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Newbury
  • Carrier Code: C023
  • 4-Digit Zip Code: 1101
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $532,300

    Appraisal Valuation

  • Standard Deviation: 0.1693
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 768,636
  • High Value: 898,767
  • Low Value: 638,504

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $693,100
  • Assessed Land Value: $295,000
  • Assessed Improvements Value: $398,100

    Sales

  • Current Sale Recording Date: Mar 26, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180326002200
  • Previous Sale Recording Date: Mar 15, 2017
  • Previous Sale Amount: $425,000
  • Previous Sale Document Type: O
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

2532 ft²

Average Home Age

73 years

Currently For Sale

1479 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

Currently no nearby rentals
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72266821

Frequently Asked Questions

When was property at 2 Bittersweet Lane built and last sold?
The property at 2 Bittersweet Lane was built in 1965 and last sold on Jan 1, 1970 for $480,000.
How much is this home worth?
The estimated value of the home located at 2 Bittersweet Lane is $497,053.
What are some comparable homes to 2 Bittersweet Lane?
There are currently no comparable homes to 2 Bittersweet Lane.
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