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Essex
2 Raymond Street
$800,000
● House - Off Market

2 Raymond Street

Manchester, MA 01944
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,388 Ft²
$4,661
Est. Monthly

About This Property

Overlooking a charming duck filled pond,  this gem of a property is a rare offering of a manageable size with proximity to the beach, Trustees of Reservations Trails, Magnolia Village and its restaurants.  Comprised of three bedrooms and two  bathrooms, the sunfilled home offers a gracious flow of kitchen, dining and firepaced living rooms, all of which open to a sumptous private deck and terrace overlooking the pond and manicured grounds.  in addtion, there is a large family room with fireplace. This is the perfect size home for those downsizing or looking for a getaway from the rush of the city!  2 car garage.
Unit Size
1,388 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$612
Property Type
House
Property Taxes
$487
HOA Dues
-
Year Built
1964

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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 #73179307)

Price History

Date / Event Date Event Price
Mar 15, 2024 Sold
Premium
Sold
Feb 10, 2024 In contract -
In contract
Nov 9, 2023 Listed by Coldwell Banker Realty - Manchester $850,000
Listed by Coldwell Banker Realty - Manchester
Jul 3, 2002 Sold
Premium
Sold
Apr 30, 2002 Listed by Coldwell Banker Realty - Manchester $415,000
Listed by Coldwell Banker Realty - Manchester

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 1,035
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,156
  • Total Building Area: 1,388
  • Gross Building Area: 2,580
  • Building Area: 1,388
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,388
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000256
  • 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: B

Geography

  • District: 166
  • Parcel: MANC M:0001 B:0000 L:0009
  • Lot: 9
  • Municipality: MANCHESTER
  • Latitude: 42.5798
  • Longitude: -70.7231

    Address

  • Full Address: 2 Raymond St
  • Address - House Number: 2
  • Address - Street Name: Raymond
  • Address - Suffix Type: St
  • State: MA
  • City Name: Manchester
  • Carrier Code: C005
  • 4-Digit Zip Code: 1613
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $605,800

    Appraisal Valuation

  • Standard Deviation: 0.0798
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 94
  • Final Value: 835,337
  • High Value: 902,012
  • Low Value: 768,662

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $647,900
  • Assessed Land Value: $362,500
  • Assessed Improvements Value: $285,400

    Sales

  • Current Sale Contract Date: Mar 15, 2024
  • Current Sale Recording Date: Mar 15, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 650211
  • Previous Sale Recording Date: Jul 03, 2002
  • Previous Sale Amount: $390,000
  • Previous Sale Document Type: 48
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

2549 ft²

Average Home Age

72.4 years

Currently For Sale

1448 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73179307

Frequently Asked Questions

When was property at 2 Raymond Street built and last sold?
The property at 2 Raymond Street was built in 1964 and last sold on Mar 15, 2024 for $800,000.
How much is this home worth?
The estimated value of the home located at 2 Raymond Street is $823,912.
What are some comparable homes to 2 Raymond Street?
There are currently no comparable homes to 2 Raymond Street.
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