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Essex
3 Abbott St
$340,000
● House - Off Market

3 Abbott St

Merrimac, MA 01860
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,223 Ft²
$492,450
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Wonderful home on a quiet side street, close to downtown.  Renovated in 2010 and lovingly maintained, this 1940s farmhouse is warm, inviting and move in ready.  The first floor has a living room, eat-in kitchen with granite countertops and stainless steel appliances and an additional space that could serve as an en suite bedroom or a family room or office.  A lovely sunroom off the back overlooking the level, landscaped backyard can do double duty as a mudroom.  Upstairs are two additional bedrooms and a full bath.
Unit Size
1,223 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$274
Property Type
House
Property Taxes
$371
HOA Dues
-
Year Built
2021

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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 #72492684)

Price History

Date / Event Date Event Price
Dec 29, 2021 Sold
Premium
Sold
Jun 7, 2019 Sold
Premium
Sold
May 2, 2019 Listed by William Raveis Real Estate $335,000
Listed by William Raveis Real Estate
Jul 12, 2013 Sold
Premium
Sold
May 9, 2013 Listed by William Raveis Real Estate $269,900
Listed by William Raveis Real Estate
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Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 792
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,722
  • Gross Building Area: 3,422
  • Building Area: 1,722
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,722
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Standard Land Use Code: 1004
  • County Land Use Code: 102

Neighborhood

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

Zoning

  • Zoning: VR

Geography

  • District: 180
  • Parcel: MERR M:0006 B:0002 L:00014
  • Block: 2
  • Lot: 14
  • Municipality: MERRIMAC
  • Latitude: 42.8384
  • Longitude: -71.0079

    Address

  • Full Address: 3 Abbott St
  • Address - House Number: 3
  • Address - Street Name: Abbott
  • Address - Suffix Type: St
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C001
  • 4-Digit Zip Code: 1402
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $627,300

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 553,859
  • High Value: 641,343
  • Low Value: 466,374

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $464,700
  • Assessed Improvements Value: $464,700

    Sales

  • Current Sale Contract Date: Dec 28, 2021
  • Current Sale Recording Date: Dec 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 14
  • Current Sale Input Document Number: 20211229000970
  • Previous Sale Recording Date: Jun 07, 2019
  • Previous Sale Contract Date: Jun 03, 2019
  • Previous Sale Amount: $340,000
  • 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

2541 ft²

Average Home Age

72.9 years

Currently For Sale

1497 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72492684

Frequently Asked Questions

When was property at 3 Abbott Street built and last sold?
The property at 3 Abbott Street was built in 2021 and last sold on Dec 28, 2021 for $460,000.
How much is this home worth?
The estimated value of the home located at 3 Abbott Street is $344,173.
What are some comparable homes to 3 Abbott Street?
There are currently no comparable homes to 3 Abbott Street.
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