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Essex
22 Spring Hill Rd
$580,000
● House - Off Market

22 Spring Hill Rd

Merrimac, MA 01860
bedrooms
4 Beds
bathrooms
4 Baths
square feet
4,833 Ft²
$915,105
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Expansive hilltop colonial with estate-like setting on almost 2 acres. A beautifully built custom home with 4BD/4BA, central H/AC, hardwood floors, and large sunny rooms throughout. Classic Georgian detailing and stylish central entrance provide a welcome approach. Inside, cook, dine and gather - enjoy a gracious, flowing floor plan, formal dining room, parlor, family room and a chef's kitchen with breakfast bar, SS appliances & pro Jenn Air range. French doors from the kitchen lead to the ultimate entertaining space and summer days by the pool. Impressive master with tray ceilings, crown moldings and bank of BLT window seats. A finished lower level with private entrance is ideal for au pair/guest suite or additional studio/office space.
Unit Size
4,833 Ft²
Days on Market
-
Land Size
1.84 acres
Price per sqft
$118
Property Type
House
Property Taxes
$824
HOA Dues
-
Year Built
1999

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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 #72134358)

Price History

Date / Event Date Event Price
Jun 12, 2017 Sold
Premium
Sold
Mar 22, 2017 Listed by Keller Williams Realty $570,000
Listed by Keller Williams Realty
Oct 15, 2012 Sold
Premium
Sold
Mar 21, 2012 Listed by Keller Williams Realty $574,800
Listed by Keller Williams Realty
Apr 17, 2008 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,956
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 80,098
  • Total Building Area: 4,833
  • Gross Building Area: 7,134
  • Building Area: 4,833
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,833
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MERRIMAC
  • Land Acres: 0000001839
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: AR

Geography

  • District: 180
  • Parcel: MERR M:045A B:0001 L:00017
  • Block: 1
  • Lot: 17
  • Municipality: MERRIMAC
  • Latitude: 42.8205
  • Longitude: -71.0139

    Address

  • Full Address: 22 Spring Hill Rd
  • Address - House Number: 22
  • Address - Street Name: Spring Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C002
  • 4-Digit Zip Code: 2259
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,306,400

    Appraisal Valuation

  • Standard Deviation: 0.1567
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,012,996
  • High Value: 1,171,470
  • Low Value: 854,521

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $967,700
  • Assessed Land Value: $271,000
  • Assessed Improvements Value: $696,700

    Sales

  • Current Sale Recording Date: Jun 12, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 188
  • Previous Sale Recording Date: Oct 15, 2012
  • Previous Sale Amount: $550,000
  • Previous Sale Document Type: O
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

2546 ft²

Average Home Age

73.2 years

Currently For Sale

1483 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# 72134358

Frequently Asked Questions

When was property at 22 Spring Hill Road built and last sold?
The property at 22 Spring Hill Road was built in 1999 and last sold on Jan 1, 1970 for $580,000.
How much is this home worth?
The estimated value of the home located at 22 Spring Hill Road is $648,693.
What are some comparable homes to 22 Spring Hill Road?
There are currently no comparable homes to 22 Spring Hill Road.
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