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Essex
24 Alan Rd
$494,000
● House - Off Market

24 Alan Rd

Hamilton, MA 01982
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,016 Ft²
$724,625
RealtyHop Estimate
49.41%
Since May 1, 2018
MA-Boston
Primary Model

About This Property

Classic Cape in a nice Hamilton Neighborhood. 4 Bedrooms, 1 1/2 baths, 2 car detached garage on over 1/2 acre level lot.  Eat in kitchen, Living Room with a wood burning, mantled fire place and bonus room heated by a pellet stove has cathedral ceilings and opens onto a deck overlooking the yard. This home has hardwood floors throughout and awaits your renovating touches. The 4 bedroom septic system has passed Title V. The B-Dry System in the basement allows for additional storage and laundry in the lower level.  Open House on Sunday, March 11 1:00-3:00.  All offers, if any, will be reviewed on Monday after 1:00 PM.
Unit Size
2,016 Ft²
Days on Market
-
Land Size
0.61 acres
Price per sqft
$241
Property Type
House
Property Taxes
$653
HOA Dues
-
Year Built
1963

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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 #72290146)

Price History

Date / Event Date Event Price
Jul 2, 2021 Sold
Premium
Sold
Mar 23, 2021 Listed by J. Barrett & Company $649,000
Listed by J. Barrett & Company
Apr 30, 2018 Sold
Premium
Sold
Mar 7, 2018 Listed by J. Barrett & Company $485,000
Listed by J. Barrett & Company
Oct 29, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 1,040
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,423
  • Total Building Area: 2,016
  • Gross Building Area: 3,536
  • Building Area: 2,016
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,016
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 16 PARSONS ST
  • Land Acres: 0000000607
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hamilton-Wenham School District
  • Census Tract: 215101

Zoning

  • Zoning: R1A

Geography

  • Account Number: 2644
  • Parcel: HAMI M:65 B:80
  • Block: 80
  • Lot: 80
  • Municipality: HAMILTON
  • Latitude: 42.6076
  • Longitude: -70.8312

    Address

  • Full Address: 24 Alan Rd
  • Address - House Number: 24
  • Address - Street Name: Alan
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: South Hamilton
  • Carrier Code: C001
  • 4-Digit Zip Code: 2402
  • Zip Code: 01982

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,260,300
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1715
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 906,241
  • High Value: 1,061,302
  • Low Value: 751,179

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $834,100
  • Assessed Land Value: $358,100
  • Assessed Improvements Value: $476,000

    Sales

  • Current Sale Contract Date: Jul 02, 2021
  • Current Sale Recording Date: Jul 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 626896
  • Previous Sale Recording Date: Apr 30, 2018
  • Previous Sale Amount: $494,000
  • 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

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# 72290146

Frequently Asked Questions

When was property at 24 Alan Road built and last sold?
The property at 24 Alan Road was built in 1963 and last sold on Jul 2, 2021 for $770,000.
How much is this home worth?
The estimated value of the home located at 24 Alan Road is $660,053.
What are some comparable homes to 24 Alan Road?
There are currently no comparable homes to 24 Alan Road.
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