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Essex
2 Fairfield Drive
$497,000
● House - Off Market

2 Fairfield Drive

Hamilton, MA 01982
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,236 Ft²
$1,270,516
RealtyHop Estimate
149.61%
Since Aug 1, 2001
MA-Boston
Primary Model

About This Property

GORGEOUS SETTING FOR THIS IN-TOWN COLONIAL ON PRIVATE DRIVE CUL-DE-SAC OF ONLY 3 HOMES.  WONDERFUL ONE OWNER HOME, IDEAL FOR FORMAL OR INFORMAL ENTERTAINING.  COME ENJOY THE SUNROOM AND 2 DECKS AND MORE.  COME HOME TO HAMILTON!
Unit Size
2,236 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$228
Property Type
House
Property Taxes
$400
HOA Dues
-
Year Built
1973

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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 years ago (MLSPIN #30485955)

Price History

Date / Event Date Event Price
Apr 30, 2021 Sold
Premium
Sold
Feb 11, 2021 Listed $769,900
Listed
Jul 27, 2001 Sold
Premium
Sold
Mar 15, 2001 Listed $509,000
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,300
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,176
  • Total Building Area: 2,460
  • Gross Building Area: 4,060
  • Building Area: 2,460
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,460
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000509
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hamilton-Wenham School District
  • Census Tract: 215101

Zoning

  • Zoning: R1A

Geography

  • Account Number: 2600
  • Parcel: HAMI M:62 B:83
  • Block: 83
  • Lot: 83
  • Municipality: HAMILTON
  • Latitude: 42.6093
  • Longitude: -70.8719

    Address

  • Full Address: 2 Fairfield Dr
  • Address - House Number: 2
  • Address - Street Name: Fairfield
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: South Hamilton
  • Carrier Code: C003
  • 4-Digit Zip Code: 1906
  • Zip Code: 01982

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,275,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1715
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,009,615
  • High Value: 1,169,088
  • Low Value: 850,142

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $844,000
  • Assessed Land Value: $408,000
  • Assessed Improvements Value: $436,000

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: Apr 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210430007060
  • Previous Sale Recording Date: Jul 27, 2001
  • Previous Sale Amount: $497,000
  • 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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30485955

Frequently Asked Questions

When was property at 2 Fairfield Drive built and last sold?
The property at 2 Fairfield Drive was built in 1973 and last sold on Apr 30, 2021 for $805,000.
How much is this home worth?
The estimated value of the home located at 2 Fairfield Drive is $0.
What are some comparable homes to 2 Fairfield Drive?
There are currently no comparable homes to 2 Fairfield Drive.
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