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Essex
31 Smiths Point Road
Photo of 31 Smiths Point Road
Sold on Sep 9, 2004

1

Map

$2,960,000
● House - Off Market

31 Smiths Point Road

Manchester, MA 01944
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,095 Ft²
$6,624,935
RealtyHop Estimate
84.03%
Since Oct 1, 2004
MA-Boston
Primary Model

About This Property

Prestigious 1.9 acre oceanfront estate on Smith's point overlooking the Atlantic Ocean and Lobster Cove. Two bedroom, two bath custom ranch home built on the Ocean with a newer seawall and two bedroom boathouse. Exclusive and private oceanfront living at it's finest.
Unit Size
1,095 Ft²
Days on Market
-
Land Size
1.89 acres
Price per sqft
$3,288
Property Type
House
Property Taxes
$1,715
HOA Dues
-
Year Built
2006

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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 #70057962)

Price History

Date / Event Date Event Price
Sep 9, 2004 Sold
Premium
Sold
Jul 1, 2004 Listed $3,600,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,144
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 82,463
  • Total Building Area: 4,608
  • Gross Building Area: 6,565
  • Building Area: 4,608
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,608
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COMMON BEACH
  • Land Acres: 0000001893
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

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

Zoning

  • Zoning: E

Geography

  • District: 166
  • Parcel: MANC M:0020 B:0000 L:0002
  • Lot: 2
  • Municipality: MANCHESTER
  • Latitude: 42.5628
  • Longitude: -70.7713

    Address

  • Full Address: 31 Smiths Point Rd
  • Address - House Number: 31
  • Address - Street Name: Smiths Point
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Manchester
  • Carrier Code: C004
  • 4-Digit Zip Code: 1449
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $5,390,600

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $5,765,400
  • Assessed Land Value: $4,300,300
  • Assessed Improvements Value: $1,465,100

    Sales

  • Current Sale Recording Date: Sep 09, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 30, 2004
  • Previous Sale Document Type: 27

    Open Lien Mortgages

  • Third Open Lien Mortgage Interest Rate Type: Y

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70057962

Frequently Asked Questions

When was property at 31 Smith's Point Road built and last sold?
The property at 31 Smith's Point Road was built in 2006 and last sold on Jan 1, 1970 for $2,960,000.
How much is this home worth?
The estimated value of the home located at 31 Smith's Point Road is $3,425,135.
What are some comparable homes to 31 Smith's Point Road?
There are currently no comparable homes to 31 Smith's Point Road.
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