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Essex
231 West Main St
Photo of 231 West Main St

29

Map

Photo of 231 West Main St
Photo of 231 West Main St
$539,000
● House - For Sale

231 West Main St

Georgetown, MA 01833
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,080 Ft²
$3,162
Est. Monthly
7.38%
Cap Rate

About This Property

CASH OR REHAB ONLY BUYERS! Preapproval/POF must be shown prior to  viewing. Large 4BR home features all wood floors, fenced yard, and 2 sheds. Property is suitable for a contractor or an end user.  Title V failed. Septic to be installed by the buyer. New approved 4BR septic design will be provided upon transfer. This property is sold as is, where is. Sale may be subject to third party approval. Brokers see remarks.
Unit Size
2,080 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$259
Property Type
House
Property Taxes
$515
HOA Dues
-
Year Built
1900

Listed By

Kelly Anne Martinson
Coldwell Banker Residential Brokerage - Newburyport

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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: 14 days ago (MLSPIN #73370699)

Price History

Date / Event Date Event Price
Oct 2, 2026 Relisted $550,000
Relisted
Oct 1, 2026 No longer available -
No longer available
Aug 10, 2026 Relisted $550,000
Relisted
May 9, 2026 In contract -
In contract
Mar 18, 2026 Price Decreased $539,000
↓ $11K (2%)
Price Decreased
Show More

Property Highlights

Parking Available
Parking Details
Has Open Parking
Parking Features: Off Street, Paved
Open Parking Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Bonus Room
Appliances: Electric Water Heater, Water Heater, Range, Dishwasher, Microwave, Refrigerator
Flooring Type: Wood, Flooring - Wood
Laundry Features: First Floor
Rooms: 7
Basement: Full, Unfinished
Exterior Details
Square Footage: 2080
Architectural Style: Colonial
Year Built Source: Public Records
Year Built: 1900
Building Area Total: 2080
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Patio, Enclosed
Pool Features: In Ground
Pool is Private
Lot Features: Corner Lot
Lot Size Area: 0.38
Lot Size Units: Acres
Lot Size Acres: 0.38
Lot Size Square Feet: 16400
Tax Lot: 26
Water Source: Public
Financial Details
Tax Map Number: 7
Tax Assessed Value: $558,600
Tax Annual Amount: $6,178
Utilities Details
Cooling Type: None
Heating Type: Forced Air, Oil
Sewer : Private Sewer

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • 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: 16,400
  • Total Building Area: 2,080
  • Gross Building Area: 3,592
  • Building Area: 2,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,080
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000376
  • 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: 265101

Geography

  • District: 105
  • Parcel: GEOR M:0007A B:00000 L:00026
  • Lot: 26
  • Municipality: GEORGETOWN
  • Latitude: 42.7337
  • Longitude: -71.0097

    Address

  • Full Address: 231 W Main St
  • Address - House Number: 231
  • Street Direction: W
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R015
  • 4-Digit Zip Code: 1023
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $553,800

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 601,057
  • High Value: 707,740
  • Low Value: 494,373

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $441,300
  • Assessed Land Value: $162,600
  • Assessed Improvements Value: $278,700

    Sales

  • Current Sale Recording Date: Jan 22, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 02, 1997
  • Previous Sale Amount: $164,000
  • 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

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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

Unit for rent at 8 Hemlock, Groveland, 01834

$5,000 /mo

  • 4 Beds
  • 2 Baths
  • 3,680 ft²
8 Hemlock, Groveland, 01834 Listing by Tami Mallett

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 14 days ago
Data Source: MLS PIN, MLS# 73370699

Frequently Asked Questions

When was property at 231 West Main Street built and last sold?
The property at 231 West Main Street was built in 1900 and last sold on Jan 1, 1970 for $253,800.
How much is this home worth?
The estimated value of the home located at 231 West Main Street is $556,901.
What are some comparable homes to 231 West Main Street?
There are currently no comparable homes to 231 West Main Street.
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