For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Essex
2 Silvermine Lane
$300,000
● House - Off Market

2 Silvermine Lane

Newbury, MA 01922
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,512 Ft²
$557,103
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model

About This Property

Short sale.  Privately situated 3 bedroom cape in Byfield area of Newbury.  Enjoy summer near the beach of Plum Island in this classic cape. Your cosmetic improvements will  make this  an ideal house to call home.   Enjoy 4 bedrooms, 2 full baths, formal dining room and a fireplace in living room. Some hardwood floors. Private back yard on .69 acres.  It is convenient to commuter routes yet affords country charm. Potential to finish basement for extra room.  With your imagination and ideas this will be a true gem. Close to Newburyport and commuter rail in the heart of the Boston's North Shore..
Unit Size
1,512 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$198
Property Type
House
Property Taxes
$332
HOA Dues
-
Year Built
1988

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #71614568)

Price History

Date / Event Date Event Price
Aug 29, 2014 Sold
Premium
Sold
Dec 7, 2013 Listed by Windhill Realty, LLC $299,900
Listed by Windhill Realty, LLC

Property Highlights

Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,000
  • Total Building Area: 1,512
  • Gross Building Area: 3,130
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000689
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • School Tax School District: TRITON SD
  • Census Tract: 269100

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0R18 B:0000 L:0007A
  • Lot: 7A
  • Municipality: NEWBURY
  • Latitude: 42.7416
  • Longitude: -70.9279

    Address

  • Full Address: 2 Silvermine Ln
  • Address - House Number: 2
  • Address - Street Name: Silvermine
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Byfield
  • Carrier Code: H001
  • 4-Digit Zip Code: 1500
  • Zip Code: 01922

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $471,900

    Appraisal Valuation

  • Standard Deviation: 0.1833
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 684,915
  • High Value: 810,486
  • Low Value: 559,344

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $614,500
  • Assessed Land Value: $271,100
  • Assessed Improvements Value: $343,400

    Sales

  • Current Sale Recording Date: Aug 29, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 82900100
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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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 146 Elm, Newbury, 01922

$2,795 /mo

  • 2 Beds
  • 1 Bath
  • 1,700 ft²
146 Elm, Newbury, 01922

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71614568

Frequently Asked Questions

When was property at 2 Silvermine Road built and last sold?
The property at 2 Silvermine Road was built in 1988 and last sold on Jan 1, 1970 for $300,000.
How much is this home worth?
The estimated value of the home located at 2 Silvermine Road is $318,865.
What are some comparable homes to 2 Silvermine Road?
There are currently no comparable homes to 2 Silvermine Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Newbury Homes for Sale
Newbury Houses for Sale
Newbury Condos for Sale
Newbury Multifamily for Sale
Newbury Land for Sale
Newbury Commercial for Sale
Newbury Homes with Basements
Newbury Homes with Pools
Nearby Cities
Haverhill Homes for Sale
Newburyport Homes for Sale
Amesbury Town Homes for Sale
Salisbury Homes for Sale
Ipswich Homes for Sale
Boxford Homes for Sale
Seabrook Beach Homes for Sale
Rowley Homes for Sale
Nearby Property Records
Essex County, MA Property Records
Rockingham County, NH Property Records
Suffolk County, MA Property Records
Middlesex County, MA Property Records
Strafford County, NH Property Records
Hillsborough County, NH Property Records
Norfolk County, MA Property Records
York County, ME Property Records
Nearby Counties
Haverhill Homes for Sale
North Andover Homes for Sale
Newburyport Homes for Sale
Amesbury Town Homes for Sale
Ipswich Homes for Sale
Salisbury Homes for Sale
Boxford Homes for Sale
Georgetown Homes for Sale
Top Real Estate Agents
Top Agents in Newbury
Top Agents in Haverhill
Top Agents in Haverhill
Top Agents in North Andover
Top Agents in 01832
Top Agents in 01830
Top Agents in 01950
Top Agents in Newburyport