For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Essex
3 Prospect Hill
$359,900
● House - Off Market

3 Prospect Hill

Merrimac, MA 01860
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,957 Ft²
$546,215
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Fantastic three bedroom home, large yard, freshly painted interior,  over sized storage shed and private location. This is the one you have been waiting for. Eat in kitchen, living room with pellet stove and gleaming wood floors, first floor master and first floor laundry. Cozy front porch , second floor with two generous bedrooms and extra spacious bathroom, tons of storage space, walk up attic. Just minutes from our beautiful Seacoast, downtown Newburyport and Amesbury... a commuters dream - with very close proximity to Routes 95 and 495. Part of the celebrated Pentucket School District.
Unit Size
1,957 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$184
Property Type
House
Property Taxes
$398
HOA Dues
-
Year Built
1850

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 5 months ago (MLSPIN #72414230)

Price History

Date / Event Date Event Price
Mar 24, 2022 Sold
Premium
Sold
Nov 27, 2018 Sold
Premium
Sold
Oct 23, 2018 Listed by Coldwell Banker Residential Brokerage - Haverhill $359,900
Listed by Coldwell Banker Residential Brokerage - Haverhill
Sep 4, 2018 Sold
Premium
Sold
Jul 9, 2018 Listed by Coldwell Banker Residential Brokerage - Haverhill $399,900
Listed by Coldwell Banker Residential Brokerage - Haverhill

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1850
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 748
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 13,038
  • Total Building Area: 1,957
  • Gross Building Area: 3,561
  • Building Area: 1,957
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,957
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000299
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: VR

Geography

  • District: 180
  • Parcel: MERR M:0017 B:0001 L:00016
  • Block: 1
  • Lot: 16
  • Municipality: MERRIMAC
  • Latitude: 42.8349
  • Longitude: -70.9981

    Address

  • Full Address: 3 Prospect Hill St
  • Address - House Number: 3
  • Address - Street Name: Prospect Hill
  • Address - Suffix Type: St
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C001
  • 4-Digit Zip Code: 1525
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $700,800

    Appraisal Valuation

  • Standard Deviation: 0.2127
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 642,363
  • High Value: 777,987
  • Low Value: 506,738

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $519,100
  • Assessed Land Value: $275,800
  • Assessed Improvements Value: $243,300

    Sales

  • Current Sale Contract Date: Mar 24, 2022
  • Current Sale Recording Date: Mar 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220324001270
  • Previous Sale Recording Date: Nov 27, 2018
  • Previous Sale Amount: $359,900
  • Previous Sale Document Type: O
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:

$699,500

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2546 ft²

Average Home Age

72.5 years

Currently For Sale

1487 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: 5 months ago
Data Source: MLS PIN, MLS# 72414230

Frequently Asked Questions

When was property at 3 Prospect Hill built and last sold?
The property at 3 Prospect Hill was built in 1850 and last sold on Mar 24, 2022 for $570,000.
How much is this home worth?
The estimated value of the home located at 3 Prospect Hill is $387,212.
What are some comparable homes to 3 Prospect Hill?
There are currently no comparable homes to 3 Prospect Hill.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Merrimac Homes for Sale
Merrimac Houses for Sale
Merrimac Condos for Sale
Merrimac Multifamily for Sale
Merrimac Land for Sale
Merrimac Commercial for Sale
Merrimac Homes with Basements
Merrimac Homes with Pools
Nearby Cities
Haverhill Homes for Sale
Newburyport Homes for Sale
Amesbury Town Homes for Sale
Nearby Property Records
Essex County, MA Property Records
Rockingham County, NH Property Records
Middlesex County, MA Property Records
Strafford County, NH Property Records
Hillsborough County, NH Property Records
Suffolk County, MA Property Records
York County, ME Property Records
Merrimack County, NH Property Records
Nearby Counties
Haverhill Homes for Sale
Newburyport Homes for Sale
Amesbury Town Homes for Sale
Plaistow Homes for Sale
Kingston Homes for Sale
West Newbury Homes for Sale
Newton Homes for Sale
South Hampton Homes for Sale
Top Real Estate Agents
Top Agents in Merrimac
Top Agents in Haverhill
Top Agents in Haverhill
Top Agents in 01832
Top Agents in 01830
Top Agents in 01950
Top Agents in Newburyport
Top Agents in Newburyport