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Essex 01969
212 Newbury Road
$650,000
● House - Off Market

212 Newbury Road

Rowley, MA 01969
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,224 Ft²
$647,709
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Once in a great while we discover a classic, yet adorable 3 bedroom ranch where the substantial construction is nicely matched by the exquisite care by the original owners. It gets better: along a quiet country road in the idyllic town of Rowley, adjacent to Mahaffey Farm Trails, (which connects to the Willowdale State Forest), commanding an extremely private backyard nestled on a 3/4 acre lot, proudly sits this gem.  Need more?  The finished lower level has a bar, fireplace, full bath, home office and workshop.  Newer windows, gutters with LeafFilter protection, bright white modern kitchen, fireplace living room open to double atrium doors onto the deck, patio with stone firepit, and 2 more full baths make this well-preserved home an easy decision.
Unit Size
2,224 Ft²
Days on Market
-
Land Size
0.72 acres
Price per sqft
$278
Property Type
House
Property Taxes
$595
HOA Dues
-
Year Built
1978

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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 #73032341)

Price History

Date / Event Date Event Price
Oct 28, 2022 Sold
Premium
Sold
Sep 6, 2022 Listed by Coldwell Banker Realty - Newburyport $619,000
Listed by Coldwell Banker Realty - Newburyport
Aug 15, 1978 Sold
Premium
Sold

Property Highlights

Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 9
  • Basement Area: 1,496
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,425
  • Total Building Area: 1,496
  • Gross Building Area: 3,376
  • Building Area: 1,496
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,496
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DAVID L & SANDRA N JERVAH
  • Land Acres: 0000000721
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 270100

Geography

  • Parcel: ROWL M:0001 B:0013 L:0000
  • Block: 13
  • Municipality: ROWLEY
  • Latitude: 42.6865
  • Longitude: -70.9441

    Address

  • Full Address: 212 Newbury Rd
  • Address - House Number: 212
  • Address - Street Name: Newbury
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Rowley
  • Carrier Code: R001
  • 4-Digit Zip Code: 2503
  • Zip Code: 01969

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $715,200

    Appraisal Valuation

  • Standard Deviation: 0.1756
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 700,289
  • High Value: 823,187
  • Low Value: 577,391

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $591,100
  • Assessed Land Value: $258,700
  • Assessed Improvements Value: $332,400

    Sales

  • Current Sale Contract Date: Oct 28, 2022
  • Current Sale Recording Date: Oct 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221028000860
  • Previous Sale Recording Date: Aug 15, 1978
  • Previous Sale Amount: $63,500
  • 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

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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: 5 months ago
Data Source: MLS PIN, MLS# 73032341

Frequently Asked Questions

When was property at 212 Newbury Road built and last sold?
The property at 212 Newbury Road was built in 1978 and last sold on Oct 28, 2022 for $650,000.
How much is this home worth?
The estimated value of the home located at 212 Newbury Road is $643,929.
What are some comparable homes to 212 Newbury Road?
There are currently no comparable homes to 212 Newbury Road.
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