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Rockport 01966
29 Penryn Way
$750,000
● House - Off Market

29 Penryn Way

Rockport, MA 01966
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,730 Ft²
$1,369,017
RealtyHop Estimate
82.78%
Since Apr 1, 2015
National-US
Primary Model

About This Property

Fantastic Rehab/Renovation Opportunity in Rockport's Coveted South End! This is your chance to bring one of Rockport's grand old summer homes back to its former glory. Perfect summer retreat with some TLC or upgrade and expand to a year round family home.  It's all about LOCATION, set on the hillside at the end of a private road with ocean views from Pebble Beach to Bass Rocks. This property offers enormous versatility, including first floor master. Unfinished 3rd floor  attic has four large rooms with high ceilings which could have dormers and windows put back in to achieve amazing ocean views. BEING SOLD "AS IS". Awaiting Board of Health approval of  5 bedroom septic design ( 1/27 meeting).
Unit Size
2,730 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$274
Property Type
House
Property Taxes
$652
HOA Dues
-
Year Built
1884

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71783164)

Price History

Date / Event Date Event Price
Mar 23, 2015 Sold
Premium
Sold
Jan 12, 2015 Listed by Coldwell Banker Residential Brokerage - Gloucester $749,000
Listed by Coldwell Banker Residential Brokerage - Gloucester

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1884
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,412
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,946
  • Total Building Area: 3,112
  • Gross Building Area: 5,855
  • Building Area: 3,112
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,112
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000458
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Rockport School District
  • School Tax School District: ROCKPORT SD
  • Census Tract: 220101

Zoning

  • Zoning: R1

Geography

  • Account Number: 3996
  • District: 252
  • Parcel: ROCK M:32 B:30
  • Block: 30
  • Lot: 30
  • Municipality: ROCKPORT
  • Latitude: 42.6376
  • Longitude: -70.5986

    Address

  • Full Address: 29 Penryn Way
  • Address - House Number: 29
  • Address - Street Name: Penryn
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Rockport
  • Carrier Code: C005
  • 4-Digit Zip Code: 2318
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,278,600

    Appraisal Valuation

  • Standard Deviation: 0.2183
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 1,262,914
  • High Value: 1,538,914
  • Low Value: 986,913

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,518,500
  • Assessed Land Value: $797,100
  • Assessed Improvements Value: $721,400

    Sales

  • Current Sale Recording Date: Mar 23, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32300454
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 Rockport

Stats & Trends

Median Asking:

$799,450

Sale Price/ft²

$581

Below Asking

0.03%

Average Days on Market

55

Average Home Size

2131 ft²

Average Home Age

134.8 years

Currently For Sale

13 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 months ago
Data Source: MLS PIN, MLS# 71783164

Frequently Asked Questions

When was property at 29 Penryn Way built and last sold?
The property at 29 Penryn Way was built in 1884 and last sold on Jan 1, 1970 for $750,000.
How much is this home worth?
The estimated value of the home located at 29 Penryn Way is $757,486.
What are some comparable homes to 29 Penryn Way?
There are currently no comparable homes to 29 Penryn Way.
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