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Essex
3 Overledge Road
$821,000
● House - Off Market

3 Overledge Road

Manchester, MA 01944
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,631 Ft²
$1,209,146
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Idyllic 4-bedroom, 2.5-bathroom Contemporary on over 1 acre of lush, private grounds close to Beaches.  Enjoy light-filled open floor plan with expansive decks and enormous first floor master suite.  Separate 2-car garage.
Unit Size
2,631 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$314
Property Type
House
Property Taxes
$593
HOA Dues
-
Year Built
1965

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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 months ago (MLSPIN #72514907)

Price History

Date / Event Date Event Price
Sep 16, 2019 Sold
Premium
Sold
Jun 7, 2019 Listed by Coldwell Banker Residential Brokerage - Manchester $825,000
Listed by Coldwell Banker Residential Brokerage - Manchester
Sep 23, 1999 Sold
Premium
Sold
Apr 29, 1999 Listed by LandVest, Inc., Manchester -by-the-Sea $449,000
Listed by LandVest, Inc., Manchester -by-the-Sea

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,256
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,002
  • Total Building Area: 2,911
  • Gross Building Area: 3,787
  • Building Area: 2,911
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,911
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEAWOLD TRUST
  • Land Acres: 0000001033
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Manchester Essex Regional School District
  • School Tax School District: MANCHSTR ESSEX
  • Census Tract: 218100

Zoning

  • Zoning: C

Geography

  • District: 166
  • Parcel: MANC M:0005 B:0000 L:0040
  • Lot: 40
  • Municipality: MANCHESTER
  • Latitude: 42.5847
  • Longitude: -70.7312

    Address

  • Full Address: 3 Overledge Rd
  • Address - House Number: 3
  • Address - Street Name: Overledge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Manchester
  • Carrier Code: C005
  • 4-Digit Zip Code: 1611
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $958,900
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1495
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 81
  • Final Value: 1,138,994
  • High Value: 1,309,295
  • Low Value: 968,693

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,025,600
  • Assessed Land Value: $461,300
  • Assessed Improvements Value: $564,300

    Sales

  • Current Sale Contract Date: Sep 16, 2019
  • Current Sale Recording Date: Sep 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190916005740
  • Previous Sale Recording Date: Mar 02, 2012
  • 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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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: 4 months ago
Data Source: MLS PIN, MLS# 72514907

Frequently Asked Questions

When was property at 3 Overledge Road built and last sold?
The property at 3 Overledge Road was built in 1965 and last sold on Sep 16, 2019 for $821,000.
How much is this home worth?
The estimated value of the home located at 3 Overledge Road is $841,406.
What are some comparable homes to 3 Overledge Road?
There are currently no comparable homes to 3 Overledge Road.
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