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Essex
2 Molloy Road
$419,000
● House - Off Market

2 Molloy Road

Georgetown, MA 01833
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,532 Ft²
$697,796
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

WOW! Just like new construction without the new construction price. SINGLE LEVEL LIVING ranch on a corner lot with huge fenced in back yard * New roof * New plumbing upgrade * New heating and central air system * New water heater * New electrical system upgrade * complete new master bedroom suite with huge walk in closet, hardwood floors and master bathroom * All new kitchen with center island, new granite * Brand new stainless steel appliances, cabinets * Brand new septic system. Huge fenced in yard. Walk to downtown Georgetown, shops, restaurants and elementary school. There is an entire lower level with 1200 sq feet that can be finished off or left for storage. Down payment program available 3.5%.
Unit Size
1,532 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$287
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1955

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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 #72216219)

Price History

Date / Event Date Event Price
Oct 25, 2017 Sold
Premium
Sold
Aug 18, 2017 Listed by Northeast Residential $439,000
Listed by Northeast Residential
Apr 14, 2017 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 14,500
  • Total Building Area: 1,532
  • Gross Building Area: 3,333
  • Building Area: 1,532
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,532
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000333
  • 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:0011B B:00000 L:00083
  • Lot: 83
  • Municipality: GEORGETOWN
  • Latitude: 42.7298
  • Longitude: -70.9847

    Address

  • Full Address: 2 Molloy Rd
  • Address - House Number: 2
  • Address - Street Name: Molloy
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Georgetown
  • Carrier Code: C043
  • 4-Digit Zip Code: 1620
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $745,600

    Appraisal Valuation

  • Standard Deviation: 0.1711
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 581,717
  • High Value: 720,238
  • Low Value: 443,196

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $594,100
  • Assessed Land Value: $192,300
  • Assessed Improvements Value: $401,800

    Sales

  • Current Sale Recording Date: Oct 25, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171025003600
  • Previous Sale Recording Date: Apr 14, 2017
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 71
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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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 8 Hemlock, Groveland, 01834

$5,500 /mo

  • 4 Beds
  • 2 Baths
  • 3,680 ft²
8 Hemlock, Groveland, 01834 Listing by Tami Mallett

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72216219

Frequently Asked Questions

When was property at 2 Molloy Road built and last sold?
The property at 2 Molloy Road was built in 1955 and last sold on Jan 1, 1970 for $419,000.
How much is this home worth?
The estimated value of the home located at 2 Molloy Road is $451,735.
What are some comparable homes to 2 Molloy Road?
There are currently no comparable homes to 2 Molloy Road.
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