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Essex
2 Forest
$267,000
● House - Off Market

2 Forest

Newbury, MA 01922
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,232 Ft²
$487,889
RealtyHop Estimate
77.41%
Since Dec 1, 2015
National-US
Primary Model

About This Property

Adorable two bedroom cottage in the quiet, peaceful Newbury village of Byfield.  This charming 1940's bungalow offers a great floorplan, including a spacious kitchen and dining room and first floor laundry with an additional mudroom space leading to the deck. Brand new septic, newer appliances are just a few of the recent upgrades. Each bedroom and the hall upstairs also offer large closets for added storage and the landing space could easily become a great home office or library reading nook. Newly landscaped with fenced in yard with shed. The location is private and quiet, but just a short distance to 95, Boston and all major commuting routes.
Unit Size
1,232 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$223
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1941

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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: 5 months ago (MLSPIN #71865214)

Price History

Date / Event Date Event Price
Nov 17, 2015 Sold
Premium
Sold
Jun 27, 2015 Listed by Keller Williams Realty $275,000
Listed by Keller Williams Realty
Jul 2, 2009 Sold
Premium
Sold
Feb 27, 2009 Listed by Keller Williams Realty $179,900
Listed by Keller Williams Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 576
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,155
  • Total Building Area: 1,440
  • Gross Building Area: 2,320
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000141
  • 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:0U13 B:0000 L:00040
  • Lot: 40
  • Municipality: NEWBURY
  • Latitude: 42.7575
  • Longitude: -70.9497

    Address

  • Full Address: 2 Forest St
  • Address - House Number: 2
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Byfield
  • Carrier Code: R002
  • 4-Digit Zip Code: 1226
  • Zip Code: 01922

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $336,800

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 509,983
  • High Value: 602,640
  • Low Value: 417,326

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $438,600
  • Assessed Land Value: $244,600
  • Assessed Improvements Value: $194,000

    Sales

  • Current Sale Recording Date: Nov 17, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 317
  • Previous Sale Recording Date: Jul 02, 2009
  • Previous Sale Amount: $175,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2548 ft²

Average Home Age

72.1 years

Currently For Sale

1451 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# 71865214

Frequently Asked Questions

When was property at 2 Forest Street built and last sold?
The property at 2 Forest Street was built in 1941 and last sold on Jan 1, 1970 for $267,000.
How much is this home worth?
The estimated value of the home located at 2 Forest Street is $284,582.
What are some comparable homes to 2 Forest Street?
There are currently no comparable homes to 2 Forest Street.
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