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Essex 01966
3 Ocean Av
$246,000
● House - Off Market

3 Ocean Av

Rockport, MA 01966
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$997,919
RealtyHop Estimate
286.79%
Since Aug 1, 1994
National-US
Primary Model

About This Property

ROCKPORT-OCEANVIEWS & CHARMING HOME IN DE- SIRABLE PHILLIPS AVE AREA.LARGE LR W/FRPL. SCRND PORCH.2 CAR GAR & MORE.MOVE- IN COND.
Unit Size
-
Days on Market
-
Land Size
0.61 acres
Price per sqft
-
Property Type
House
Property Taxes
$187
HOA Dues
-
Year Built
1905

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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: 4 years ago (MLSPIN #12013212)

Price History

Date / Event Date Event Price
Jul 15, 1994 Sold
Premium
Sold
May 31, 1994 Listed by Cain, Polley, Dexter Exclusive Buyers Brokers $258,000
Listed by Cain, Polley, Dexter Exclusive Buyers Brokers

Property Highlights

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 1,252
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,634
  • Total Building Area: 2,077
  • Gross Building Area: 3,950
  • Building Area: 2,077
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,077
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PIGEON COVE
  • Land Acres: 0000000474
  • 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: R1

Geography

  • Account Number: 1348
  • District: 252
  • Parcel: ROCK M:15 B:86
  • Block: 86
  • Lot: 86
  • Municipality: ROCKPORT
  • Latitude: 42.6827
  • Longitude: -70.6255

    Address

  • Full Address: 3 Ocean Ave
  • Address - House Number: 3
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Rockport
  • Carrier Code: C003
  • 4-Digit Zip Code: 1118
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $845,300

    Appraisal Valuation

  • Standard Deviation: 0.1531
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 984,462
  • High Value: 1,135,224
  • Low Value: 833,699

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,003,900
  • Assessed Land Value: $465,100
  • Assessed Improvements Value: $538,800

    Sales

  • Current Sale Recording Date: Jun 26, 2013
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 15, 1994
  • Previous Sale Amount: $246,000
  • 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

2520 ft²

Average Home Age

73.7 years

Currently For Sale

1438 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: 4 years ago
Data Source: MLS PIN, MLS# 12013212

Frequently Asked Questions

When was property at 3 Ocean Avenue built and last sold?
The property at 3 Ocean Avenue was built in 1905 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3 Ocean Avenue is $0.
What are some comparable homes to 3 Ocean Avenue?
There are currently no comparable homes to 3 Ocean Avenue.
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