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Essex
3 Old Bear Hill
Photo of 3 Old Bear Hill
Sold on Nov 10, 2010

1

Map

$177,000
● House - Off Market

3 Old Bear Hill

Merrimac, MA 01860
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,642 Ft²
$395,213
RealtyHop Estimate
120.91%
Since Dec 1, 2010
National-US
Primary Model

About This Property

Bank Accepted Offer.Newer Colonial Needing Work. Buyers Must do their Due Diligence and Verify all information. Bank Owned. Bank Of America PreApproval and 1% EM deposit required for all offers. Only FHA 203K or Cash. Provide Proof of Funds for CASH Offers. Free appraisal and credit report if financed thru BOA. Please allow 2-3 biz days for response. Property & Appliances Sold in "AS IS CONDITION" No changes to the Addendums. Addendum to be signed within 48 hours. No warranties or representation
Unit Size
1,642 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$109
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1983

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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 years ago (MLSPIN #71115822)

Price History

Date / Event Date Event Price
Nov 10, 2010 Sold
Premium
Sold
Jul 29, 2010 Listed by Prudential Verani Realty $178,900
Listed by Prudential Verani Realty
Mar 10, 2010 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,110
  • Total Building Area: 1,642
  • Gross Building Area: 2,592
  • Building Area: 1,642
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,642
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000921
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: AR

Geography

  • District: 180
  • Parcel: MERR M:0068 B:0001 L:007-L
  • Block: 1
  • Lot: 7-L
  • Municipality: MERRIMAC
  • Latitude: 42.8548
  • Longitude: -71.0131

    Address

  • Full Address: 3 Old Bear Hill Rd
  • Address - House Number: 3
  • Address - Street Name: Old Bear Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C003
  • 4-Digit Zip Code: 1118
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $707,900

    Appraisal Valuation

  • Standard Deviation: 0.179
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 548,337
  • High Value: 646,290
  • Low Value: 450,384

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $524,400
  • Assessed Land Value: $273,800
  • Assessed Improvements Value: $250,600

    Sales

  • Current Sale Recording Date: Nov 10, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 514824
  • Previous Sale Recording Date: Mar 10, 2010
  • Previous Sale Amount: $238,000
  • Previous Sale Document Type: 34
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

$383

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2478 ft²

Average Home Age

73.5 years

Currently For Sale

1429 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 years ago
Data Source: MLS PIN, MLS# 71115822

Frequently Asked Questions

When was property at 3 Old Bear Hill Road built and last sold?
The property at 3 Old Bear Hill Road was built in 1983 and last sold on Jan 1, 1970 for $177,000.
How much is this home worth?
The estimated value of the home located at 3 Old Bear Hill Road is $0.
What are some comparable homes to 3 Old Bear Hill Road?
There are currently no comparable homes to 3 Old Bear Hill Road.
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