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Newburyport 01950
2 Richardson Path
$715,000
● House - Off Market

2 Richardson Path

Newburyport, MA 01950
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,820 Ft²
$1,150,042
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model

About This Property

Located in desirable Oleo Woods, this spacious Craftsman style offers much that today's homebuyers request.  It has an open floor plan with a fireplaced living room, dining area, and kitchen with granite counters and stainless steel appliances.  The first floor master has a large walk in closet and bath.  The second floor has a second master bedroom, two additional bedrooms, and a large bonus room that works well as an office, exercise room, or fifth bedroom.  A media room/playroom in the basement complete the well designed floor plan.  All of this on a beautiful corner lot which can be enjoyed from the classic front porch or back deck and stone patio.  Brand new carpeting in the bedrooms and basement, fresh paint, and custom shutters on the windows make this home better than new construction.
Unit Size
2,820 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$257
Property Type
House
Property Taxes
$727
HOA Dues
$17
Year Built
2012

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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: 5 months ago (MLSPIN #72226053)

Price History

Date / Event Date Event Price
Nov 3, 2017 Sold
Premium
Sold
Sep 9, 2017 Listed by William Raveis the Dolores Person $725,000
Listed by William Raveis the Dolores Person
Aug 14, 2015 Sold
Premium
Sold
Jun 6, 2015 Listed by William Raveis the Dolores Person $719,000
Listed by William Raveis the Dolores Person

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 10,900
  • Total Building Area: 2,522
  • Gross Building Area: 4,956
  • Building Area: 2,522
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,522
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newburyport School District
  • School Tax School District: NEWBURYPORT SD
  • Census Tract: 268200

Geography

  • Account Number: 99-001-019
  • District: 206
  • Parcel: NEWP M:0099 B:0001 L:0019
  • Block: 1
  • Lot: 19
  • Municipality: NEWBURYPORT
  • Latitude: 42.8152
  • Longitude: -70.9121

    Address

  • Full Address: 2 Richardson Path
  • Address - House Number: 2
  • Address - Street Name: Richardson
  • Address - Suffix Type: Path
  • State: MA
  • City Name: Newburyport
  • Carrier Code: C024
  • 4-Digit Zip Code: 3367
  • Zip Code: 01950

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,063,000

    Appraisal Valuation

  • Standard Deviation: 0.1717
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,091,152
  • High Value: 1,278,576
  • Low Value: 903,727

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,066,200
  • Assessed Land Value: $417,500
  • Assessed Improvements Value: $648,700

    Sales

  • Current Sale Recording Date: Nov 03, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171103003930
  • Previous Sale Recording Date: Aug 14, 2015
  • Previous Sale Amount: $685,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: UNK
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 Newburyport

Stats & Trends

Median Asking:

$999,000

Sale Price/ft²

$564

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2392 ft²

Average Home Age

100.6 years

Currently For Sale

67 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: 5 months ago
Data Source: MLS PIN, MLS# 72226053

Frequently Asked Questions

When was property at 2 Richardson Path built and last sold?
The property at 2 Richardson Path was built in 2012 and last sold on Jan 1, 1970 for $715,000.
How much is this home worth?
The estimated value of the home located at 2 Richardson Path is $782,165.
What are some comparable homes to 2 Richardson Path?
There are currently no comparable homes to 2 Richardson Path.
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