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Topsfield 01983
23 Forrest Road
Photo of 23 Forrest Road
Sold on Jan 5, 2007

1

Map

$455,000
● House - Off Market

23 Forrest Road

Topsfield, MA 01983
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,688 Ft²
$950,695
RealtyHop Estimate
90.52%
Since Feb 1, 2007
MA-Boston
Primary Model

About This Property

Many recent updates! Brand new roof, including plywood, and freshly painted interior completed Sept 2006. Bederus high efficiency boiler, Superstor water heater & state of the art septic system, Maple kitchen with Corian countertops and cedar deck all since 2001. Wonderful cul-de-sac location and gleaming hardwood floors just waiting for your furniture.  Sq ft includes sunroom.  Immediate occupancy! $2000 to buyer towards closing costs!  $1000 bonus to selling broker!
Unit Size
1,688 Ft²
Days on Market
-
Land Size
2.40 acres
Price per sqft
$296
Property Type
House
Property Taxes
$464
HOA Dues
-
Year Built
1959

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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 #70471388)

Price History

Date / Event Date Event Price
Jan 5, 2007 Sold
Premium
Sold
Oct 6, 2006 Listed $499,000
Listed
Oct 2, 2006 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 104,544
  • Total Building Area: 1,568
  • Gross Building Area: 3,228
  • Building Area: 1,568
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,568
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002400
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 214100

Zoning

  • Zoning: IRA

Geography

  • Account Number: 1383
  • Parcel: TOPS M:0039 B:0056 L:
  • Block: 56
  • Municipality: TOPSFIELD
  • Latitude: 42.638
  • Longitude: -70.9655

    Address

  • Full Address: 23 Forrest Rd
  • Address - House Number: 23
  • Address - Street Name: Forrest
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Topsfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 1606
  • Zip Code: 01983

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,006,600

    Appraisal Valuation

  • Standard Deviation: 0.1569
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 765,319
  • High Value: 885,454
  • Low Value: 645,184

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $685,200
  • Assessed Land Value: $358,800
  • Assessed Improvements Value: $326,400

    Sales

  • Current Sale Recording Date: Jan 05, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 02, 2006
  • Previous Sale Amount: $550,000
  • 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 Topsfield

Stats & Trends

Median Asking:

$849,450

Sale Price/ft²

$385

Above Asking

0.00%

Average Days on Market

54

Average Home Size

3849 ft²

Average Home Age

80.6 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: 5 months ago
Data Source: MLS PIN, MLS# 70471388

Frequently Asked Questions

When was property at 23 Forrest Road built and last sold?
The property at 23 Forrest Road was built in 1959 and last sold on Jan 1, 1970 for $455,000.
How much is this home worth?
The estimated value of the home located at 23 Forrest Road is $510,762.
What are some comparable homes to 23 Forrest Road?
There are currently no comparable homes to 23 Forrest Road.
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