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Essex 01966
25 Phillips Ave
$2,200,000
● House - Off Market

25 Phillips Ave

Rockport, MA 01966
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,061 Ft²
$3,488,977
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

This stunning direct oceanfront cape is located on the rocky coastline of Rockport, MA on 1.56± acres along the prestigious "Doctors Row" section of Rockport. This classic 3-bedroom, 3.5-bathroom cape built was built in 1980 has a single story, open floor plan with 175 feet of direct ocean frontage.  This is a rare opportunity to own a private, waterfront home on Cape Ann with direct access to the rocks at the water's edge.  The property also has access to the Atlantic Path.
Unit Size
4,061 Ft²
Days on Market
-
Land Size
1.56 acres
Price per sqft
$541
Property Type
House
Property Taxes
$1,923
HOA Dues
-
Year Built
1980

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72220005)

Price History

Date / Event Date Event Price
Oct 31, 2017 Sold
Premium
Sold
Aug 28, 2017 Listed by LandVest, Inc. $2,195,000
Listed by LandVest, Inc.
May 18, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,362
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 67,954
  • Total Building Area: 3,768
  • Gross Building Area: 8,105
  • Building Area: 3,768
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,768
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001560
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Rockport School District
  • School Tax School District: ROCKPORT SD
  • Census Tract: 220102

Zoning

  • Zoning: R1

Geography

  • Account Number: 1326
  • District: 252
  • Parcel: ROCK M:15 B:67
  • Block: 67
  • Lot: 67
  • Municipality: ROCKPORT
  • Latitude: 42.6817
  • Longitude: -70.6243

    Address

  • Full Address: 25 Phillips Ave
  • Address - House Number: 25
  • Address - Street Name: Phillips
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Rockport
  • Carrier Code: C003
  • 4-Digit Zip Code: 1100
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,057,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1457
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 82
  • Final Value: 2,487,970
  • High Value: 2,850,638
  • Low Value: 2,125,302

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,443,400
  • Assessed Land Value: $1,666,400
  • Assessed Improvements Value: $777,000

    Sales

  • Current Sale Recording Date: Oct 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 171031000060
  • Previous Sale Recording Date: May 18, 1992
  • Previous Sale Amount: $595,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2525 ft²

Average Home Age

72.6 years

Currently For Sale

1492 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72220005

Frequently Asked Questions

When was property at 25 Phillips Avenue built and last sold?
The property at 25 Phillips Avenue was built in 1980 and last sold on Jan 1, 1970 for $2,200,000.
How much is this home worth?
The estimated value of the home located at 25 Phillips Avenue is $2,194,773.
What are some comparable homes to 25 Phillips Avenue?
There are currently no comparable homes to 25 Phillips Avenue.
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