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Essex 01969
2 Bob Merry Lane
$899,900
● House - Off Market

2 Bob Merry Lane

Rowley, MA 01969
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,868 Ft²
$973,372
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

To be built in a brand new neighborhood surrounded by 52+ acres of open space and walking trails. Sited on a desirable corner lot, this 2850+ sq. ft. home will feature an open main level with 9' ceilings, mudroom, pantry, private study, spacious family room and a designer kitchen and casual dining area that open to a beautiful backyard patio. A generous Master suite and three additional bedrooms share the second floor with the conveniently located laundry room. A range of customization options are available at this stage with white oak hardwood flooring, premium fixtures and consummate finish details throughout being standard. Minutes to downtown Newburyport, I95, train station and a short drive to area beaches. Please do not enter property as road is under construction.
Unit Size
2,868 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$314
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2021

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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: 4 months ago (MLSPIN #72808465)

Price History

Date / Event Date Event Price
Jan 28, 2022 Sold
Premium
Sold
Aug 6, 2021 Sold
Premium
Sold
Apr 5, 2021 Listed by Rowley Realty $899,900
Listed by Rowley Realty

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,127
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,765
  • Gross Building Area: 5,021
  • Building Area: 2,765
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,765
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000508
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 270100

Geography

  • Parcel: ROWL M:0012 B:0003 L:0025
  • Block: 3
  • Lot: 25
  • Municipality: ROWLEY
  • Latitude: 42.7255
  • Longitude: -70.9168

    Address

  • Full Address: 2 Bob Merry Ln
  • Address - House Number: 2
  • Address - Street Name: Bob Merry
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Rowley
  • Carrier Code: R002
  • 4-Digit Zip Code: 1650
  • Zip Code: 01969

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,140,200

    Appraisal Valuation

  • Standard Deviation: 0.1756
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 1,073,507
  • High Value: 1,246,580
  • Low Value: 900,434

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $942,300
  • Assessed Land Value: $286,800
  • Assessed Improvements Value: $655,500

    Sales

  • Current Sale Contract Date: Jan 28, 2022
  • Current Sale Recording Date: Jan 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220128001630
  • Previous Sale Recording Date: Aug 06, 2021
  • Previous Sale Contract Date: Aug 05, 2021
  • Previous Sale Amount: $262,500
  • 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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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 146 Elm, Newbury, 01922

$2,795 /mo

  • 2 Beds
  • 1 Bath
  • 1,700 ft²
146 Elm, Newbury, 01922

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72808465

Frequently Asked Questions

When was property at 2 Bob Merry Lane built and last sold?
The property at 2 Bob Merry Lane was built in 2021 and last sold on Jan 28, 2022 for $899,900.
How much is this home worth?
The estimated value of the home located at 2 Bob Merry Lane is $866,878.
What are some comparable homes to 2 Bob Merry Lane?
There are currently no comparable homes to 2 Bob Merry Lane.
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