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Essex 01966
2 Edgemere Road
$400,000
● House - Off Market

2 Edgemere Road

Rockport, MA 01966
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
908 Ft²
$741,638
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Exceptional two-bedroom year-round authentic cottage with all the amenities you would expect for modern day living including updated kitchen, bath and central A/C. Overlooking the majestic Pigeon Cove Harbor and beyond. Enjoy this property as your wonderful year-round home or a getaway to an exciting but yet peaceful retreat.
Unit Size
908 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$439
Property Type
House
Property Taxes
$255
HOA Dues
-
Year Built
1910

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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 #71682491)

Price History

Date / Event Date Event Price
Jun 30, 2014 Sold
Premium
Sold
May 16, 2014 Listed by By The Sea Sotheby's International Realty $399,000
Listed by By The Sea Sotheby's International Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 783
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,026
  • Total Building Area: 913
  • Gross Building Area: 2,184
  • Building Area: 913
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 18
  • Heated Square Feet: 913
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PIGEON COVE
  • Land Acres: 0000000047
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Rockport School District
  • School Tax School District: ROCKPORT SD
  • Census Tract: 220102

Zoning

  • Zoning: GD

Geography

  • Account Number: 1473
  • District: 252
  • Parcel: ROCK M:16 B:33
  • Block: 33
  • Lot: 33
  • Municipality: ROCKPORT
  • Latitude: 42.676
  • Longitude: -70.6239

    Address

  • Full Address: 2 Edgemere Rd
  • Address - House Number: 2
  • Address - Street Name: Edgemere
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Rockport
  • Carrier Code: C003
  • 4-Digit Zip Code: 1104
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $644,700

    Appraisal Valuation

  • Standard Deviation: 0.1594
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 782,298
  • High Value: 907,097
  • Low Value: 657,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $765,700
  • Assessed Land Value: $520,000
  • Assessed Improvements Value: $245,700

    Sales

  • Current Sale Recording Date: Jun 30, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 63000808
  • Previous Sale Recording Date: Jun 14, 2013
  • 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

2558 ft²

Average Home Age

72.5 years

Currently For Sale

1466 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71682491

Frequently Asked Questions

When was property at 2 Edgemere Road built and last sold?
The property at 2 Edgemere Road was built in 1910 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 2 Edgemere Road is $401,626.
What are some comparable homes to 2 Edgemere Road?
There are currently no comparable homes to 2 Edgemere Road.
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