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Rowley 01969
28 Ocean Ave
$346,000
● House - Off Market

28 Ocean Ave

Rowley, MA 01969
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,704 Ft²
$681,997
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

Contemporary gem near Rowley River. Cedar shingled 3BR tri level at back of 1.4 acre lot, wooded 2 sides, long driveway leads to quiet street. Open concept, cathedral ceiling, wide pine floors, skylight and 2 fireplaces (1 in master bdrm). Secluded patio, 2 side decks, large detached garage. New septic, kitchen updates, windows, newer roof. Walk to train and boat launch. Town common, shops, farmers market, elementary school 1.5 mi. Bike to Plum Island, Crane Beach. Newburyport fine dining 7 mi.
Unit Size
1,704 Ft²
Days on Market
-
Land Size
1.40 acres
Price per sqft
$205
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1970

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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 #71527048)

Price History

Date / Event Date Event Price
Jul 18, 2013 Sold
Premium
Sold
May 16, 2013 Listed by Hillman Real Estate $349,900
Listed by Hillman Real Estate
Mar 10, 2003 Sold
Premium
Sold
May 3, 2001 Sold
Premium
Sold
Mar 30, 2001 Listed by Rowley Realty $309,900
Listed by Rowley Realty
CUSTOM TRI-LEVEL IN GREAT SETTING. REMODELED IN RECENT YEARS WITH CONTEMPORARY FLAIR. DETACHED GARAGE/WORKSHOP. TITLE V APPROVED. WITHIN WALKING DISTANCE TO TRAIN & MARINA. PLEASE NOTE: LOWER LEVEL IS ABOVE GRADE.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 948
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 60,871
  • Total Building Area: 936
  • Gross Building Area: 2,730
  • Building Area: 936
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 936
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OCEAN AVE
  • Land Acres: 0000001397
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 270100

Geography

  • Parcel: ROWL M:0027 B:0112 L:0000
  • Block: 112
  • Municipality: ROWLEY
  • Latitude: 42.7246
  • Longitude: -70.861

    Address

  • Full Address: 28 Ocean Ave
  • Address - House Number: 28
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Rowley
  • Carrier Code: R003
  • 4-Digit Zip Code: 1509
  • Zip Code: 01969

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $706,000

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 689,506
  • High Value: 797,863
  • Low Value: 581,149

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $583,500
  • Assessed Land Value: $288,800
  • Assessed Improvements Value: $294,700

    Sales

  • Current Sale Recording Date: Jul 18, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 71800298
  • Previous Sale Recording Date: Mar 10, 2003
  • Previous Sale Amount: $40,000
  • 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 Rowley

Stats & Trends

Median Asking:

$694,950

Sale Price/ft²

$411

Below Asking

0.03%

Average Days on Market

51

Average Home Size

1945 ft²

Average Home Age

42 years

Currently For Sale

5 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: 4 months ago
Data Source: MLS PIN, MLS# 71527048

Frequently Asked Questions

When was property at 28 Ocean Avenue built and last sold?
The property at 28 Ocean Avenue was built in 1970 and last sold on Jan 1, 1970 for $346,000.
How much is this home worth?
The estimated value of the home located at 28 Ocean Avenue is $372,421.
What are some comparable homes to 28 Ocean Avenue?
There are currently no comparable homes to 28 Ocean Avenue.
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