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Essex
3 Rainbow Ridge Way
Photo of 3 Rainbow Ridge Way
Sold on Nov 15, 2004

1

Map

$510,000
● House - Off Market

3 Rainbow Ridge Way

Georgetown, MA 01833
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,088 Ft²
$1,027,735
RealtyHop Estimate
95.80%
Since Dec 1, 2004
National-US
Primary Model

About This Property

Meticulous Salt Box Colonial on cul-de-sac, Beautifully manicured yard.  Kitchen has new corian counters, attached island, new stove and new hardwood floors. Dining area has an atrium door, leads to 15x16 deck. 1st. floor laundry room. Central vacuum, sprinkler system.  Registered land. Title V approved. Showings start, Monday, 8/30
Unit Size
2,088 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$251
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
1990

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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: 4 months ago (MLSPIN #70081207)

Price History

Date / Event Date Event Price
Jul 26, 2019 Sold
Premium
Sold
Nov 15, 2004 Sold
Premium
Sold
Aug 25, 2004 Listed $524,900
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,000
  • Total Building Area: 2,888
  • Gross Building Area: 6,746
  • Building Area: 2,888
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,888
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265102

Geography

  • District: 105
  • Parcel: GEOR M:00020 B:00000 L:0045B
  • Lot: 45B
  • Municipality: GEORGETOWN
  • Latitude: 42.7356
  • Longitude: -70.9374

    Address

  • Full Address: 3 Rainbow Ridge Way
  • Address - House Number: 3
  • Address - Street Name: Rainbow Ridge
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R004
  • 4-Digit Zip Code: 1836
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,015,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1565
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 974,180
  • High Value: 1,127,416
  • Low Value: 820,944

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $809,400
  • Assessed Land Value: $192,500
  • Assessed Improvements Value: $616,900

    Sales

  • Current Sale Contract Date: Jul 26, 2019
  • Current Sale Recording Date: Jul 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 603967
  • Previous Sale Recording Date: Nov 15, 2004
  • Previous Sale Amount: $510,000
  • Previous Sale Document Type: 48
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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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

Unit for rent at 146 Elm, Newbury, 01922

$2,795 /mo

  • 2 Beds
  • 1 Bath
  • 1,700 ft²
146 Elm, Newbury, 01922

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70081207

Frequently Asked Questions

When was property at 3 Rainbow Ridge Way built and last sold?
The property at 3 Rainbow Ridge Way was built in 1990 and last sold on Jul 26, 2019 for $650,000.
How much is this home worth?
The estimated value of the home located at 3 Rainbow Ridge Way is $546,107.
What are some comparable homes to 3 Rainbow Ridge Way?
There are currently no comparable homes to 3 Rainbow Ridge Way.
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