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Essex 01969
3 Farnham Rd
$437,000
● House - Off Market

3 Farnham Rd

Rowley, MA 01969
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,082 Ft²
$662,953
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Perfectly situated on a beautifully landscaped corner lot, sits this 3 BR immaculate split level home. The patio and in-ground pool invite you to sit and enjoy the peaceful setting that is also close to shopping and other amenities. Living room with wood stove, eat in kitchen and a screened in 3 season patio with inserts to keep out the cold and snow in winter time.  Two bedrooms and an office on first floor with a bedroom and 3/4 bath in lower level.  Huge game room in lower level along with another room, all of which are heated.  The land features mature landscaping with a fenced in pool and sheds.  Walkout basement to in-ground pool.  Natural gas heat from the street.  New hot water heater.  A great piece of land in a quiet neighborhood.
Unit Size
2,082 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$219
Property Type
House
Property Taxes
$512
HOA Dues
-
Year Built
1974

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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: 4 months ago (MLSPIN #72570254)

Price History

Date / Event Date Event Price
Jan 9, 2020 Sold
Premium
Sold
Sep 25, 2019 Listed by Rowley Realty $455,000
Listed by Rowley Realty
Sep 22, 1995 Sold
Premium
Sold
Apr 12, 1995 Listed by Rowley Realty $169,986
Listed by Rowley Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 19
  • 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: 1,032
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,670
  • Total Building Area: 1,430
  • Gross Building Area: 3,476
  • Building Area: 1,430
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,430
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEA-WOOD ESTATES
  • Land Acres: 0000000750
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: ROWL M:0011 B:0049 L:0000
  • Block: 49
  • Municipality: ROWLEY
  • Latitude: 42.7253
  • Longitude: -70.9331

    Address

  • Full Address: 3 Farnham Rd
  • Address - House Number: 3
  • Address - Street Name: Farnham
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Rowley
  • Carrier Code: R002
  • 4-Digit Zip Code: 1629
  • Zip Code: 01969

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $825,700

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 702,985
  • High Value: 827,538
  • Low Value: 578,432

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $682,400
  • Assessed Land Value: $285,900
  • Assessed Improvements Value: $396,500

    Sales

  • Current Sale Contract Date: Jan 07, 2020
  • Current Sale Recording Date: Jan 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200109000540
  • Previous Sale Recording Date: Sep 22, 1995
  • Previous Sale Amount: $165,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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

Unit for rent at 146 Elm, Newbury, 01922

$2,795 /mo

  • 2 Beds
  • 1 Bath
  • 1,700 ft²
146 Elm, Newbury, 01922

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72570254

Frequently Asked Questions

When was property at 3 Farnham Road built and last sold?
The property at 3 Farnham Road was built in 1974 and last sold on Jan 7, 2020 for $437,000.
How much is this home worth?
The estimated value of the home located at 3 Farnham Road is $468,488.
What are some comparable homes to 3 Farnham Road?
There are currently no comparable homes to 3 Farnham Road.
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