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Essex
3 Millstone Ln
Photo of 3 Millstone Ln
Sold on Oct 11, 2011

1

Map

$300,000
● House - Off Market

3 Millstone Ln

Newbury, MA 01922
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,784 Ft²
$727,177
RealtyHop Estimate
127.31%
Since Nov 1, 2011
National-US
Primary Model

About This Property

Adorable Cape on quiet side street in Byfield.  Seller has recently installed new vinyl flooring and new kitchen appliances.  Other amenities include 1st floor bedroom, large finished basement, patio out back, large side yard and more.  Come and take a look!  Title 5 in hand.
Unit Size
1,784 Ft²
Days on Market
-
Land Size
1.89 acres
Price per sqft
$179
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
2000

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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: 2 months ago (MLSPIN #71235042)

Price History

Date / Event Date Event Price
Jan 28, 2022 Sold
Premium
Sold
Dec 1, 2021 Listed by ERA American Dream Realty $569,900
Listed by ERA American Dream Realty
Oct 11, 2011 Sold
Premium
Sold
May 18, 2011 Listed by ERA American Dream Realty $319,900
Listed by ERA American Dream Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,224
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 82,503
  • Total Building Area: 2,886
  • Gross Building Area: 3,848
  • Building Area: 2,886
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,886
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEWBURY
  • Land Acres: 0000001894
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • School Tax School District: TRITON SD
  • Census Tract: 269100

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0R19 B:0000 L:0072A
  • Lot: 72A
  • Municipality: NEWBURY
  • Latitude: 42.7503
  • Longitude: -70.9387

    Address

  • Full Address: 3 Millstone Ln
  • Address - House Number: 3
  • Address - Street Name: Millstone
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Byfield
  • Carrier Code: R002
  • 4-Digit Zip Code: 1505
  • Zip Code: 01922

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $490,400

    Appraisal Valuation

  • Standard Deviation: 0.162
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 703,038
  • High Value: 816,953
  • Low Value: 589,122

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $638,600
  • Assessed Land Value: $263,900
  • Assessed Improvements Value: $374,700

    Sales

  • Current Sale Contract Date: Jan 28, 2022
  • Current Sale Recording Date: Jan 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220128001530
  • Previous Sale Recording Date: Oct 11, 2011
  • Previous Sale Amount: $300,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2469 ft²

Average Home Age

72.3 years

Currently For Sale

1388 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

Click here to view more rentals in the neighborhood.
Last Updated: 2 months ago
Data Source: MLS PIN, MLS# 71235042

Frequently Asked Questions

When was property at 3 Millstone Lane built and last sold?
The property at 3 Millstone Lane was built in 2000 and last sold on Jan 28, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 3 Millstone Lane is $602,682.
What are some comparable homes to 3 Millstone Lane?
There are currently no comparable homes to 3 Millstone Lane.
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