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Essex
2 Jersey Ln
$826,000
● House - Off Market

2 Jersey Ln

Manchester, MA 01944
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,938 Ft²
$1,458,796
RealtyHop Estimate
82.58%
Since May 1, 2014
MA-Boston
Primary Model

About This Property

THE RIGHT ADDRESS. Here is an opportunity to live in Manchester-by-the-Sea, known for its excellent homes, fine schools, unique shops and restaurants, and one of the North Shore's finest beaches. Ready for your updates, this well-cared for 5 bedroom, 2 bath Cape is in a prestigious area of high-priced homes. Among its desirable features are a spacious, landscaped yard, deck, hardwood floors, fireplace, and an in-ground pool. Tuck's Point park and the Manchester Yacht club are minutes away. A Great Opportunity!
Unit Size
2,938 Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$272
Property Type
House
Property Taxes
$633
HOA Dues
-
Year Built
1963

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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 #71625581)

Price History

Date / Event Date Event Price
Apr 4, 2014 Sold
Premium
Sold
Jan 23, 2014 Listed by Bean Group $799,000
Listed by Bean Group

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 1,374
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,168
  • Total Building Area: 3,531
  • Gross Building Area: 6,440
  • Building Area: 3,531
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,531
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000624
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Manchester Essex Regional School District
  • School Tax School District: MANCHSTR ESSEX
  • Census Tract: 218100

Zoning

  • Zoning: C

Geography

  • District: 166
  • Parcel: MANC M:0026 B:0000 L:0032
  • Lot: 32
  • Municipality: MANCHESTER
  • Latitude: 42.5692
  • Longitude: -70.788

    Address

  • Full Address: 2 Jersey Ln
  • Address - House Number: 2
  • Address - Street Name: Jersey
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Manchester
  • Carrier Code: C002
  • 4-Digit Zip Code: 1429
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,277,300

    Appraisal Valuation

  • Standard Deviation: 0.1574
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,965,377
  • High Value: 2,274,504
  • Low Value: 1,656,250

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,366,100
  • Assessed Land Value: $523,300
  • Assessed Improvements Value: $842,800

    Sales

  • Current Sale Recording Date: Mar 10, 2015
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 31000294
  • Previous Sale Recording Date: Apr 04, 2014
  • Previous Sale Amount: $826,000
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71625581

Frequently Asked Questions

When was property at 2 Jersey Lane built and last sold?
The property at 2 Jersey Lane was built in 1963 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2 Jersey Lane is $810,010.
What are some comparable homes to 2 Jersey Lane?
There are currently no comparable homes to 2 Jersey Lane.
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