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Essex
23 Wells Avenue
$522,500
● House - Off Market

23 Wells Avenue

Georgetown, MA 01833
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,090 Ft²
$784,112
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Wonderful Expanded Gambrel on an Incredible Lot on a Country Lane in the Heart of Georgetown! - What an Amazing and Versatile Space! Beautifully updated exterior with freshly painted siding, new roof, professionally landscaped beds, and private back yard. On the first floor you will find an oversized great room, large eat-in kitchen, gorgeous living room in the center of the home with a beautiful masonry fireplace, stained beams, and bead-board, inviting 4 season sunroom (used as dining room), large private deck, 3/4 bath, and a first floor master with walk-in closet and ensuite half bath. Upstairs there are 3 generous bedrooms and a large bath with shower and jetted tub. The basement features a bonus play room and tons of additional space for a workshop and storage. A great home and an excellent opportunity.
Unit Size
3,090 Ft²
Days on Market
-
Land Size
1.04 acres
Price per sqft
$173
Property Type
House
Property Taxes
$663
HOA Dues
-
Year Built
1975

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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 #72524599)

Price History

Date / Event Date Event Price
Sep 23, 2019 Sold
Premium
Sold
Jun 25, 2019 Listed by William Raveis R.E. & Home Services $534,999
Listed by William Raveis R.E. & Home Services
Sep 17, 2010 Sold
Premium
Sold
Mar 30, 2010 Listed by William Raveis R.E. & Home Services $479,000
Listed by William Raveis R.E. & Home Services
Sep 9, 2005 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,227
  • Total Building Area: 3,090
  • Gross Building Area: 5,078
  • Building Area: 3,090
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,090
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST NEW ROWLEY REALTY TRUST
  • Land Acres: 0000001038
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265102

Geography

  • District: 105
  • Parcel: GEOR M:00018 B:00000 L:00163
  • Lot: 163
  • Municipality: GEORGETOWN
  • Latitude: 42.7489
  • Longitude: -70.9595

    Address

  • Full Address: 23 Wells Ave
  • Address - House Number: 23
  • Address - Street Name: Wells
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R008
  • 4-Digit Zip Code: 1156
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $863,900

    Appraisal Valuation

  • Standard Deviation: 0.1575
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 812,341
  • High Value: 940,305
  • Low Value: 684,378

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $688,400
  • Assessed Land Value: $212,700
  • Assessed Improvements Value: $475,700

    Sales

  • Current Sale Contract Date: Sep 18, 2019
  • Current Sale Recording Date: Sep 23, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190923002520
  • Previous Sale Recording Date: Sep 17, 2010
  • Previous Sale Amount: $465,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72524599

Frequently Asked Questions

When was property at 23 Wells Avenue built and last sold?
The property at 23 Wells Avenue was built in 1975 and last sold on Sep 18, 2019 for $522,500.
How much is this home worth?
The estimated value of the home located at 23 Wells Avenue is $568,710.
What are some comparable homes to 23 Wells Avenue?
There are currently no comparable homes to 23 Wells Avenue.
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