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Essex
28 Forster Road
$899,000
● House - Off Market

28 Forster Road

Manchester, MA 01944
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,508 Ft²
$1,017,414
RealtyHop Estimate
13.68%
Since Sep 1, 2021
MA-Boston
Primary Model

About This Property

OPEN HOUSE CANCELLED. Once upon a time, in 1970, on a sleepy, tree lined road in Manchester, a four bedroom, two bath garrison colonial was built. With it's 2 car garage, large fireplaced living and family rooms, hardwood floors and very private setting, the house soon became a home, keeping memories of birthdays, holidays and first days of school in the MERS system. The home was very happy and well cared for as it watched the well lived lives of the people that called it "home". Today, the house is ready to become someone else's home. If you and yours are ready, 28 Forster Road could be the one.
Unit Size
2,508 Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$357
Property Type
House
Property Taxes
$770
HOA Dues
-
Year Built
2022

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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: 5 years ago (MLSPIN #72847913)

Price History

Date / Event Date Event Price
Aug 4, 2021 Sold
Premium
Sold
Jun 10, 2021 Listed by Compass $895,000
Listed by Compass

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 910
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,177
  • Total Building Area: 3,928
  • Gross Building Area: 6,848
  • Building Area: 3,928
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,928
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000624
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Manchester Essex Regional School District
  • School Tax School District: MANCHSTR ESSEX
  • Census Tract: 218100

Zoning

  • Zoning: A

Geography

  • District: 166
  • Parcel: MANC M:0029 B:0000 L:0007
  • Lot: 7
  • Municipality: MANCHESTER
  • Latitude: 42.5751
  • Longitude: -70.7823

    Address

  • Full Address: 28 Forster Rd
  • Address - House Number: 28
  • Address - Street Name: Forster
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Manchester
  • Carrier Code: C002
  • 4-Digit Zip Code: 1420
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,467,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,569,000
  • Assessed Land Value: $523,300
  • Assessed Improvements Value: $1,045,700

    Sales

  • Current Sale Contract Date: Aug 04, 2021
  • Current Sale Recording Date: Aug 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210804003230
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

2534 ft²

Average Home Age

73 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72847913

Frequently Asked Questions

When was property at 28 Forster Road built and last sold?
The property at 28 Forster Road was built in 2022 and last sold on Aug 4, 2021 for $899,000.
How much is this home worth?
The estimated value of the home located at 28 Forster Road is $0.
What are some comparable homes to 28 Forster Road?
There are currently no comparable homes to 28 Forster Road.
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