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Essex 01966
3 Chapel Lane
$1,000,000
● House - Off Market

3 Chapel Lane

Rockport, MA 01966
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,395 Ft²
$2,050,504
RealtyHop Estimate
86.41%
Since Nov 1, 2014
National-US
Primary Model

About This Property

Location! Location! Location!  This newly shingled ocean front gambrel with glorious views of  Pigeon Cove Harbor has the best! If you're looking to downsize this 3 bedroom charmer fits the bill.  If your  family is growing there is plenty of room for expansion.  As if the ocean isn't enough  there is a quarry/pond on the property that the present owner uses  to irrigate his lawn and garden.  The ocean side living room is graced with a cozy working fieldstone  fireplace looking out to the  patio and beyond to the sea.  The magnificent view stretches  from Pigeon Cove Harbor all the way to the town of Rockport.  This property has been enjoyed by the same family for  many years and is waiting for new memories to be made.
Unit Size
1,395 Ft²
Days on Market
-
Land Size
0.61 acres
Price per sqft
$789
Property Type
House
Property Taxes
$958
HOA Dues
-
Year Built
1948

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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 #71737196)

Price History

Date / Event Date Event Price
Oct 17, 2014 Sold
Premium
Sold
Sep 3, 2014 Listed by Coldwell Banker Residential Brokerage - Gloucester $1,100,000
Listed by Coldwell Banker Residential Brokerage - Gloucester
Oct 5, 1999 Sold
Premium
Sold
Mar 26, 1999 Listed by Coldwell Banker Residential Brokerage - Gloucester $729,000
Listed by Coldwell Banker Residential Brokerage - Gloucester

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 800
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,502
  • Total Building Area: 1,330
  • Gross Building Area: 2,860
  • Building Area: 1,330
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,330
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000608
  • 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: 220102

Zoning

  • Zoning: RA

Geography

  • Account Number: 1485
  • District: 252
  • Parcel: ROCK M:16 B:44
  • Block: 44
  • Lot: 44
  • Municipality: ROCKPORT
  • Latitude: 42.6747
  • Longitude: -70.6225

    Address

  • Full Address: 3 Chapel Ln
  • Address - House Number: 3
  • Address - Street Name: Chapel
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Rockport
  • Carrier Code: C001
  • 4-Digit Zip Code: 1203
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,535,100

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,833,115
  • High Value: 2,125,278
  • Low Value: 1,540,952

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,823,100
  • Assessed Land Value: $1,520,200
  • Assessed Improvements Value: $302,900

    Sales

  • Current Sale Recording Date: Oct 17, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 556344
  • Previous Sale Recording Date: Oct 05, 1999
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: 48
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:

$699,899

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2549 ft²

Average Home Age

72.5 years

Currently For Sale

1472 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# 71737196

Frequently Asked Questions

When was property at 3 Chapel Lane built and last sold?
The property at 3 Chapel Lane was built in 1948 and last sold on Jan 1, 1970 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 3 Chapel Lane is $1,070,070.
What are some comparable homes to 3 Chapel Lane?
There are currently no comparable homes to 3 Chapel Lane.
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