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Essex
2 Pilgrim Road
$609,000
● House - Off Market

2 Pilgrim Road

Hamilton, MA 01982
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,538 Ft²
$796,289
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Beautifully maintained ranch nestled in a scenic setting in an excellent location.  Enter from the front to a spacious, elegant,  fireplace living room which opens up to a dining room with views of the Miles River.  This spacious ranch has 3 good size bedrooms, 1.5 baths, great sun room leading to oversized deck and above ground pool.  The basement is partially finished with a family room and 1/2 bath for an additonal 336 sq. ft. not included in the living space.  This home has a leaf filter over the gutters installed in 2018, warranty transferable, outside was painted in August of 2019, champion windows installed in 2000.  For an extra bonus there is a water distiller in the basement.  Roof is 6 years old.  This home will not last!
Unit Size
1,538 Ft²
Days on Market
-
Land Size
1.40 acres
Price per sqft
$396
Property Type
House
Property Taxes
$702
HOA Dues
-
Year Built
1953

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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 #72686787)

Price History

Date / Event Date Event Price
Sep 15, 2020 Sold
Premium
Sold
Jul 8, 2020 Listed by J. Barrett & Company $609,000
Listed by J. Barrett & Company
Sep 9, 1994 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,344
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 60,984
  • Total Building Area: 1,440
  • Gross Building Area: 3,344
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • 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: 0000001400
  • 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: 1378
  • Parcel: HAMI M:57 B:28
  • Block: 28
  • Lot: 28
  • Municipality: HAMILTON
  • Latitude: 42.6161
  • Longitude: -70.8536

    Address

  • Full Address: 2 Pilgrim Rd
  • Address - House Number: 2
  • Address - Street Name: Pilgrim
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: South Hamilton
  • Carrier Code: C007
  • 4-Digit Zip Code: 1420
  • Zip Code: 01982

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,125,800

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 852,298
  • High Value: 985,603
  • Low Value: 718,993

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $745,100
  • Assessed Land Value: $396,800
  • Assessed Improvements Value: $348,300

    Sales

  • Current Sale Contract Date: Sep 03, 2020
  • Current Sale Recording Date: Sep 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200915006390
  • Previous Sale Recording Date: Sep 09, 1994
  • Previous Sale Amount: $203,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72686787

Frequently Asked Questions

When was property at 2 Pilgrim Road built and last sold?
The property at 2 Pilgrim Road was built in 1953 and last sold on Sep 3, 2020 for $609,000.
How much is this home worth?
The estimated value of the home located at 2 Pilgrim Road is $615,735.
What are some comparable homes to 2 Pilgrim Road?
There are currently no comparable homes to 2 Pilgrim Road.
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