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Essex
28 Spring Hill Rd
$675,000
● House - Off Market

28 Spring Hill Rd

Merrimac, MA 01860
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,830 Ft²
$1,022,389
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model

About This Property

A Hidden Gem! Expansive hilltop colonial with an estate-like setting on over 2 acres in the desirable Little Pond Neighborhood. This spectacular home has the perfect venue for entertaining friends and family. The main living area has a large center island kitchen with a sunny breakfast nook that opens to the family room, graced with a soaring ceiling & wood burning fire place. There is a formal dining room for those special meals, a quiet den, as well as a true home office.This house is loaded with natural light and a wonderful floor plan. There are 4 bedrooms in total including a spacious Master with an en suite bath and an abundance of closets. The lower level is a wonderful paradise for entertaining or guest living, complete with a wine cellar, full kitchen with a copper bar, game room, an additional bedroom & full bath. An amazing sunroom opens to a beautiful patio and heated gunite pool. This is truly an unbelievable value. Great commuter location and Pentucket school district.
Unit Size
4,830 Ft²
Days on Market
-
Land Size
2.20 acres
Price per sqft
$140
Property Type
House
Property Taxes
$824
HOA Dues
-
Year Built
1991

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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 months ago (MLSPIN #72362170)

Price History

Date / Event Date Event Price
Aug 30, 2021 Sold
Premium
Sold
Jul 26, 2021 Listed by Keller Williams Realty $875,000
Listed by Keller Williams Realty
Oct 4, 2018 Sold
Premium
Sold
Sep 28, 2018 No longer available -
No longer available
Sep 6, 2018 No longer available -
No longer available
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • 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: 1,728
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 95,993
  • Total Building Area: 5,255
  • Gross Building Area: 7,722
  • Building Area: 5,255
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 5,255
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MERRIMAC MASSACHUSETTS
  • Land Acres: 0000002204
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: AR

Geography

  • District: 180
  • Parcel: MERR M:045A B:0001 L:00020
  • Block: 1
  • Lot: 20
  • Municipality: MERRIMAC
  • Latitude: 42.8209
  • Longitude: -71.0118

    Address

  • Full Address: 28 Spring Hill Rd
  • Address - House Number: 28
  • Address - Street Name: Spring Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C002
  • 4-Digit Zip Code: 2259
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,432,100

    Appraisal Valuation

  • Standard Deviation: 0.1578
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,082,242
  • High Value: 1,253,614
  • Low Value: 910,870

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,060,800
  • Assessed Land Value: $334,400
  • Assessed Improvements Value: $726,400

    Sales

  • Current Sale Contract Date: Aug 30, 2021
  • Current Sale Recording Date: Aug 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210830004080
  • Previous Sale Recording Date: Oct 04, 2018
  • Previous Sale Amount: $675,000
  • 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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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

Currently no nearby rentals
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72362170

Frequently Asked Questions

When was property at 28 Spring Hill Road built and last sold?
The property at 28 Spring Hill Road was built in 1991 and last sold on Aug 30, 2021 for $960,000.
How much is this home worth?
The estimated value of the home located at 28 Spring Hill Road is $927,273.
What are some comparable homes to 28 Spring Hill Road?
There are currently no comparable homes to 28 Spring Hill Road.
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