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Essex
28 Norman Road
$665,000
● House - Off Market

28 Norman Road

Hamilton, MA 01982
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,130 Ft²
$670,123
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model

About This Property

Neighborhood setting on .23 acres in Hamilton. The sun streams through the front of the house. This home has a lot of space with plenty of floor plan options. Enter the large kitchen through the three season breezeway/porch. There are hardwood floors and a wood-burning fireplace. The first floor has a bedroom and there are two full bathrooms with one on each floor. Also on the first floor is a privately situated office. The stairway to the second floor has a study nook at the bottom and studio space at the top. There is an in-ground pool, a one-car garage and usable basement space. Enjoy living close to the downtown with easy access to Patton Park, shops and commuter rail.
Unit Size
2,130 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$317
Property Type
House
Property Taxes
$888
HOA Dues
-
Year Built
1950

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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: 6 months ago (MLSPIN #73120700)

Price History

Date / Event Date Event Price
Aug 15, 2023 Sold
Premium
Sold
Jun 29, 2023 In contract -
In contract
Jun 6, 2023 Listed by Coldwell Banker Realty - Beverly $675,000
Listed by Coldwell Banker Realty - Beverly
Dec 18, 2012 Sold
Premium
Sold
Feb 3, 2012 Listed by Coldwell Banker Realty - Beverly $393,000
Listed by Coldwell Banker Realty - Beverly
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,314
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,130
  • Gross Building Area: 3,564
  • Building Area: 2,130
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,130
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 1390
  • Parcel: HAMI M:57 B:40
  • Block: 40
  • Lot: 40
  • Municipality: HAMILTON
  • Latitude: 42.6166
  • Longitude: -70.8554

    Address

  • Full Address: 28 Norman Rd
  • Address - House Number: 28
  • Address - Street Name: Norman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: South Hamilton
  • Carrier Code: C007
  • 4-Digit Zip Code: 1416
  • Zip Code: 01982

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,040,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1765
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 865,240
  • High Value: 1,001,909
  • Low Value: 728,572

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $688,300
  • Assessed Land Value: $325,600
  • Assessed Improvements Value: $362,700

    Sales

  • Current Sale Contract Date: Aug 15, 2023
  • Current Sale Recording Date: Aug 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230815002230
  • Previous Sale Recording Date: Dec 18, 2012
  • Previous Sale Amount: $360,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2469 ft²

Average Home Age

72.3 years

Currently For Sale

1388 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: 6 months ago
Data Source: MLS PIN, MLS# 73120700

Frequently Asked Questions

When was property at 28 Norman Road built and last sold?
The property at 28 Norman Road was built in 1950 and last sold on Aug 15, 2023 for $665,000.
How much is this home worth?
The estimated value of the home located at 28 Norman Road is $672,972.
What are some comparable homes to 28 Norman Road?
There are currently no comparable homes to 28 Norman Road.
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