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Essex
255 Echo Cove Road
$510,000
● House - Off Market

255 Echo Cove Road

South Hamilton, MA 01982
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,340 Ft²
$1,029,876
RealtyHop Estimate
101.94%
Since Jan 1, 2004
MA-Boston
Primary Model

About This Property

FEELS AS STHOUGH YOU ARE ON VACATION WITH VISTAS OF CHEBACCO LAKE. BUILT IN 1998, THIS COLONIAL STYLE HOME IS IN MOVE-IN CONDITION. FIREPLACED LIVING ROOM, 3BD,2.5 BATHS. THE 3RD FLOOR HAS A 30X20+/- FINISHED ROOM WITH MANY OPTIONS.
Unit Size
2,340 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$218
Property Type
House
Property Taxes
$403
HOA Dues
-
Year Built
1999

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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 years ago (MLSPIN #30786442)

Price History

Date / Event Date Event Price
Dec 10, 2003 Sold
Premium
Sold
Nov 3, 2003 Listed by Gibson Sotheby's International Realty $510,000
Listed by Gibson Sotheby's International Realty
Dec 29, 1998 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,601
  • Total Building Area: 1,901
  • Gross Building Area: 4,104
  • Building Area: 1,901
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,901
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBERT S FOSTER
  • Land Acres: 0000000220
  • 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: 2925
  • Parcel: HAMI M:60 B:13
  • Block: 13
  • Lot: 13
  • Municipality: HAMILTON
  • Latitude: 42.6149
  • Longitude: -70.8168

    Address

  • Full Address: 255 Echo Cove Rd
  • Address - House Number: 255
  • Address - Street Name: Echo Cove
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: South Hamilton
  • Carrier Code: C004
  • 4-Digit Zip Code: 1509
  • Zip Code: 01982

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,138,700
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1715
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 883,291
  • High Value: 1,034,976
  • Low Value: 731,606

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $753,600
  • Assessed Land Value: $265,300
  • Assessed Improvements Value: $488,300

    Sales

  • Current Sale Recording Date: Dec 10, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 29, 1998
  • Previous Sale Amount: $271,000
  • 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

2523 ft²

Average Home Age

72.6 years

Currently For Sale

1457 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: 4 years ago
Data Source: MLS PIN, MLS# 30786442

Frequently Asked Questions

When was property at 255 Echo Cove Road built and last sold?
The property at 255 Echo Cove Road was built in 1999 and last sold on Jan 1, 1970 for $510,000.
How much is this home worth?
The estimated value of the home located at 255 Echo Cove Road is $538,663.
What are some comparable homes to 255 Echo Cove Road?
There are currently no comparable homes to 255 Echo Cove Road.
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