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Essex
2 Farnham Road
$365,000
● House - Off Market

2 Farnham Road

Georgetown, MA 01833
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,768 Ft²
$491,734
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Great opportunity for 1st time buyers, investors and contractors! New to the market in highly desirable Georgetown! FOUR bedroom Colonial on a flat, open and sunny .93 acre lot. Four bedroom septic system installed in 2017. New Roof in 2015. Vinyl replacement windows. Great floor plan, hardwood floors, Natural Gas heat, Town water and possibly room to expand. Convenient and quiet neighborhood, close to Rt. 95. Estate sale, property to be sold in AS IS condition.
Unit Size
1,768 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$184
Property Type
House
Property Taxes
$466
HOA Dues
-
Year Built
1972

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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 #72344088)

Price History

Date / Event Date Event Price
Jul 17, 2018 Sold
Premium
Sold
Jun 12, 2018 Listed by Coldwell Banker Residential Brokerage - Andover $325,000
Listed by Coldwell Banker Residential Brokerage - Andover

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 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: 40,436
  • Total Building Area: 1,768
  • Gross Building Area: 2,872
  • Building Area: 1,768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,768
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000928
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265102

Geography

  • District: 105
  • Parcel: GEOR M:00019 B:00000 L:00029
  • Lot: 29
  • Municipality: GEORGETOWN
  • Latitude: 42.7287
  • Longitude: -70.9372

    Address

  • Full Address: 2 Farnham Rd
  • Address - House Number: 2
  • Address - Street Name: Farnham
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R004
  • 4-Digit Zip Code: 1806
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $653,500

    Appraisal Valuation

  • Standard Deviation: 0.1711
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 570,693
  • High Value: 668,392
  • Low Value: 472,994

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $520,700
  • Assessed Land Value: $212,200
  • Assessed Improvements Value: $308,500

    Sales

  • Current Sale Recording Date: Jul 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 180717000200
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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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# 72344088

Frequently Asked Questions

When was property at 2 Farnham Road built and last sold?
The property at 2 Farnham Road was built in 1972 and last sold on Jan 1, 1970 for $365,000.
How much is this home worth?
The estimated value of the home located at 2 Farnham Road is $348,912.
What are some comparable homes to 2 Farnham Road?
There are currently no comparable homes to 2 Farnham Road.
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