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Rowley 01969
22 Merrifield Street
$527,000
● House - Off Market

22 Merrifield Street

Rowley, MA 01969
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,814 Ft²
$687,933
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

First time available in this neighborhood in over 20 Years!! Located in Rowley on a cul de sac in a very desirable neighborhood. Don't miss this 3 bedroom Cape in need of TLC. Enjoy over-sized bedrooms on the 2nd floor, eat-in kitchen, large 1st floor bedroom as well as an additional bonus room. Plenty of closet space throughout. Outside you'll enjoy over an acre of land! With the beautiful beaches and quaint shops of Newburyport as well as the city lights of Boston nearby you don't want to miss this opportunity to own! Great commuter location, close to major highways. Showings begin Sunday September 6th, text list agent for appointments. All offers to be submitted by Wednesday September 9th at 5:00pm. Kindly allow 24 hour response time.
Unit Size
1,814 Ft²
Days on Market
-
Land Size
1.21 acres
Price per sqft
$286
Property Type
House
Property Taxes
$599
HOA Dues
-
Year Built
1992

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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 years ago (MLSPIN #72719528)

Price History

Date / Event Date Event Price
Nov 17, 2020 Sold
Premium
Sold
Sep 2, 2020 Listed by Coldwell Banker Realty - Lynnfield $519,000
Listed by Coldwell Banker Realty - Lynnfield

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • 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: 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: 9
  • Basement Area: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 52,651
  • Total Building Area: 2,006
  • Gross Building Area: 3,304
  • Building Area: 2,006
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,006
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001209
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: ROWL M:0025 B:0105 L:0005
  • Block: 105
  • Lot: 5
  • Municipality: ROWLEY
  • Latitude: 42.7094
  • Longitude: -70.8798

    Address

  • Full Address: 22 Merrifield St
  • Address - House Number: 22
  • Address - Street Name: Merrifield
  • Address - Suffix Type: St
  • State: MA
  • City Name: Rowley
  • Carrier Code: R003
  • 4-Digit Zip Code: 1836
  • Zip Code: 01969

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $742,300

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 723,285
  • High Value: 836,950
  • Low Value: 609,620

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $613,500
  • Assessed Land Value: $276,500
  • Assessed Improvements Value: $337,000

    Sales

  • Current Sale Contract Date: Nov 16, 2020
  • Current Sale Recording Date: Nov 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201117001310
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 Rowley

Stats & Trends

Median Asking:

$694,950

Sale Price/ft²

$411

Below Asking

0.03%

Average Days on Market

51

Average Home Size

1945 ft²

Average Home Age

42 years

Currently For Sale

5 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: 4 years ago
Data Source: MLS PIN, MLS# 72719528

Frequently Asked Questions

When was property at 22 Merrifields Street built and last sold?
The property at 22 Merrifields Street was built in 1992 and last sold on Nov 16, 2020 for $527,000.
How much is this home worth?
The estimated value of the home located at 22 Merrifields Street is $0.
What are some comparable homes to 22 Merrifields Street?
There are currently no comparable homes to 22 Merrifields Street.
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