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Essex 01951
22 Old Point Rd
$429,900
● House - Off Market

22 Old Point Rd

Newbury, MA 01951
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,040 Ft²
$762,965
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model

About This Property

Warm and inviting 3 bedroom 2 bath sun drenched home. Enjoy the best of Plum Island while appreciating the privacy this location offers. Cozy Vermont Casting wood stove for snow splashed windy nights. Decks for enjoying the smell of the ocean and caress of the breezes. Open concept features post and beam, interior balcony, and a full insulated basement. Walk to the ocean or the basin from this lovely home which is just waiting for you. The first showing will be at the Open House Saturday, May 9, 2015 from 3:00-4:00PM.
Unit Size
2,040 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$211
Property Type
House
Property Taxes
$313
HOA Dues
-
Year Built
1960

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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 months ago (MLSPIN #71830436)

Price History

Date / Event Date Event Price
Sep 8, 2015 Sold
Premium
Sold
May 5, 2015 Listed by RE/MAX Partners $429,900
Listed by RE/MAX Partners

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,100
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,249
  • Total Building Area: 2,040
  • Gross Building Area: 3,502
  • Building Area: 2,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,040
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLUM ISLAND BCH CO SECS 01 & 0
  • Land Acres: 0000000121
  • 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:0U03 B:0000 L:00051
  • Lot: 51
  • Municipality: NEWBURY
  • Latitude: 42.8016
  • Longitude: -70.8123

    Address

  • Full Address: 22 Old Point Rd
  • Address - House Number: 22
  • Address - Street Name: Old Point
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Newbury
  • Carrier Code: C011
  • 4-Digit Zip Code: 1321
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $701,600

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 941,010
  • High Value: 1,100,119
  • Low Value: 781,902

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $913,600
  • Assessed Land Value: $533,700
  • Assessed Improvements Value: $379,900

    Sales

  • Current Sale Recording Date: Sep 08, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 428
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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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 months ago
Data Source: MLS PIN, MLS# 71830436

Frequently Asked Questions

When was property at 22 Old Point Road built and last sold?
The property at 22 Old Point Road was built in 1960 and last sold on Jan 1, 1970 for $429,900.
How much is this home worth?
The estimated value of the home located at 22 Old Point Road is $454,487.
What are some comparable homes to 22 Old Point Road?
There are currently no comparable homes to 22 Old Point Road.
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