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Essex 01952
3 Scholtz Terrace
$275,000
● House - Off Market

3 Scholtz Terrace

Salisbury, MA 01952
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,144 Ft²
$453,619
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

Charming three bedroom ranch on a little over a half an acre in a cul de sac location. Bright open floor plan. Updated fully applianced kitchen and bath. Hardwood floors, tile, newer windows and central air. Workshop in basemen with woodstove, front and rear decks, shed. Great access to Routes 95 and 495 to points North and South. Abutting Salisbury Point Ghost Trail which brings you to downtown Salisbury and eventually to Newburyport's Rail Trail. And don't forget fantastic Beach access!! Great for first time home buyer or someone looking to downsize. Nothing to do but move-in..... First Showings at Sunday, September 18th's Open House from 12-2pm.
Unit Size
1,144 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$235
Property Type
House
Property Taxes
$234
HOA Dues
-
Year Built
1959

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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: 5 months ago (MLSPIN #72068063)

Price History

Date / Event Date Event Price
Jul 9, 2021 Sold
Premium
Sold
May 6, 2021 Listed by Stone Ridge Properties, Inc. $385,000
Listed by Stone Ridge Properties, Inc.
Oct 31, 2016 Sold
Premium
Sold
Sep 15, 2016 Listed by Stone Ridge Properties, Inc. $269,000
Listed by Stone Ridge Properties, Inc.
Jan 20, 2009 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,030
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,400
  • Total Building Area: 1,144
  • Gross Building Area: 2,552
  • Building Area: 1,144
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,144
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SALISBURY
  • Land Acres: 0000000583
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 267102

Zoning

  • Zoning: C

Geography

  • Account Number: 213/95
  • Parcel: SALI M:10 P: 229
  • Municipality: SALISBURY
  • Latitude: 42.8455
  • Longitude: -70.8828

    Address

  • Full Address: 3 Scholtz Ter
  • Address - House Number: 3
  • Address - Street Name: Scholtz
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Salisbury
  • Carrier Code: C009
  • 4-Digit Zip Code: 1834
  • Zip Code: 01952

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $397,600

    Appraisal Valuation

  • Standard Deviation: 0.1802
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 468,082
  • High Value: 552,436
  • Low Value: 383,728

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $380,500
  • Assessed Land Value: $167,000
  • Assessed Improvements Value: $213,500

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210709004630
  • Previous Sale Recording Date: Oct 31, 2016
  • Previous Sale Amount: $275,000
  • 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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2541 ft²

Average Home Age

72.9 years

Currently For Sale

1497 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 238 Lafayette, Salisbury, 01952

$1,725 /mo

  • Studio
  • 1 Bath
  • 359 ft²
238 Lafayette #108, Salisbury, 01952 Listing by Patrick Carey

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72068063

Frequently Asked Questions

When was property at 3 Scholtz Terrace built and last sold?
The property at 3 Scholtz Terrace was built in 1959 and last sold on Jul 9, 2021 for $400,000.
How much is this home worth?
The estimated value of the home located at 3 Scholtz Terrace is $387,203.
What are some comparable homes to 3 Scholtz Terrace?
There are currently no comparable homes to 3 Scholtz Terrace.
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