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Essex 01952
27 Pike Street
$360,000
● House - Off Market

27 Pike Street

Salisbury, MA 01952
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,689 Ft²
$503,556
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Minutes from beautiful beaches, commuter routes, Newburyport and shopping ...originally a single family home w/ accessory apt added ...fireplace in front unit with character , skylights and wood moulding trim work in dining area w/ lots of windows, 2 Bedrooms and a den , storage and laundry in basement ... Second unit in rear has two levels , 2 BRS and an extra room would make a nice 2nd bath or walk in closet...plenty of parking on 1+ acre of land, plenty of room to expand the living area or add a garage !  Great for extended family needing an in-law / accessory apt..
Unit Size
1,689 Ft²
Days on Market
-
Land Size
1.04 acres
Price per sqft
$225
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1922

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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 #72711313)

Price History

Date / Event Date Event Price
Nov 19, 2020 Sold
Premium
Sold
Aug 17, 2020 Listed by Bean Group $379,900
Listed by Bean Group
Oct 10, 2013 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1937
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,426
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,298
  • Total Building Area: 1,801
  • Gross Building Area: 3,722
  • Building Area: 1,801
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,801
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001040
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 267102

Zoning

  • Zoning: R2

Geography

  • Account Number: 103/84
  • Parcel: SALI M:19 P: 49
  • Municipality: SALISBURY
  • Latitude: 42.8683
  • Longitude: -70.8743

    Address

  • Full Address: 27 Pike St
  • Address - House Number: 27
  • Address - Street Name: Pike
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salisbury
  • Carrier Code: R001
  • 4-Digit Zip Code: 1218
  • Zip Code: 01952

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $395,400

    Appraisal Valuation

  • Standard Deviation: 0.1802
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 490,668
  • High Value: 579,092
  • Low Value: 402,243

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $378,400
  • Assessed Land Value: $174,800
  • Assessed Improvements Value: $203,600

    Sales

  • Current Sale Contract Date: Oct 22, 2020
  • Current Sale Recording Date: Nov 19, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201119004460
  • Previous Sale Recording Date: Oct 10, 2013
  • Previous Sale Amount: $333
  • 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

2546 ft²

Average Home Age

73.2 years

Currently For Sale

1483 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 21 Folly Mill, Seabrook, 03874

$2,400 /mo

  • 2 Beds
  • 1 Bath
  • 756 ft²
21 Folly Mill #5E, Seabrook, 03874 Listing by Jarad Gagnon

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72711313

Frequently Asked Questions

When was property at 27 Pike Street built and last sold?
The property at 27 Pike Street was built in 1922 and last sold on Oct 22, 2020 for $360,000.
How much is this home worth?
The estimated value of the home located at 27 Pike Street is $395,595.
What are some comparable homes to 27 Pike Street?
There are currently no comparable homes to 27 Pike Street.
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