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Essex
2 Prospect Hill
$340,000
● House - Off Market

2 Prospect Hill

Merrimac, MA 01860
bedrooms
6 Beds
bathrooms
3 Baths
square feet
3,620 Ft²
$529,740
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

Opportunity to live in Merrimac, without having to pay the big money.   This home has endless possibilities.  It's expansive layout could be ideal for extended family and friends. Thinking of an in-law? Another possibility...  This home has six bedrooms, three baths, finished lower level with full walkout to private yard.  Gorgeous porch to entertain, relax and enjoy the outdoors.  One portion of the home has been completely renovated, with all new carpets, painting, and central AC.                                   Hard to describe, so much to take in - schedule your showing today
Unit Size
3,620 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$90
Property Type
House
Property Taxes
$568
HOA Dues
-
Year Built
1856

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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 #72125536)

Price History

Date / Event Date Event Price
Nov 7, 2022 Sold
Premium
Sold
Jul 2, 2020 Sold
Premium
Sold
Apr 21, 2017 Sold
Premium
Sold
Mar 2, 2017 Listed by Berkshire Hathaway Home Services Ben Consoli Real Estate $324,900
Listed by Berkshire Hathaway Home Services Ben Consoli Real Estate
Dec 20, 2013 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1856
  • Effective Year Built: 1856
  • Building Count: 1
  • Total Rooms: 17
  • Bedroom Count: 8
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 3
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 2,335
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,705
  • Total Building Area: 6,419
  • Gross Building Area: 8,468
  • Building Area: 6,419
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 6,419
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000383
  • Standard Land Use Code: 1102
  • County Land Use Code: 105

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: VR

Geography

  • District: 180
  • Parcel: MERR M:0017 B:0001 L:00005
  • Block: 1
  • Lot: 5
  • Municipality: MERRIMAC
  • Latitude: 42.8347
  • Longitude: -70.9985

    Address

  • Full Address: 2 Prospect Hill St
  • Address - House Number: 2
  • Address - Street Name: Prospect Hill
  • Address - Suffix Type: St
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C001
  • 4-Digit Zip Code: 1555
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,386,600

    Appraisal Valuation

  • Standard Deviation: 0.249
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 64
  • Final Value: 1,249,571
  • High Value: 1,567,138
  • Low Value: 932,003

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,027,100
  • Assessed Land Value: $280,500
  • Assessed Improvements Value: $746,600

    Sales

  • Current Sale Contract Date: Oct 26, 2022
  • Current Sale Recording Date: Nov 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 640594
  • Previous Sale Recording Date: Jul 02, 2020
  • Previous Sale Contract Date: Feb 21, 2020
  • Previous Sale Amount: $480,000
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72125536

Frequently Asked Questions

When was property at 2 Prospect Hill built and last sold?
The property at 2 Prospect Hill was built in 1856 and last sold on Oct 26, 2022 for $1,130,000.
How much is this home worth?
The estimated value of the home located at 2 Prospect Hill is $329,714.
What are some comparable homes to 2 Prospect Hill?
There are currently no comparable homes to 2 Prospect Hill.
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