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Essex 01969
33 Bob Merry Lane
$1,160,000
● House - Off Market

33 Bob Merry Lane

Rowley, MA 01969
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,300 Ft²
$1,196,045
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Located at the Cal-de-sac for optimum privacy. Architect-designed by local renowned architect & builder with an open floor concept. The gem of this development, pick custom cabinetry, countertops, paint, and siding. Gourmet kitchen, massive island overlooking vaulted Great Room w/ fireplace, coffered ceiling dining room. The Master bedroom hosts a tray ceiling, large office/sitting area. This is truly a luxury home with no expenses spared.
Unit Size
3,300 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$348
Property Type
House
Property Taxes
$833
HOA Dues
-
Year Built
2022

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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 #72931126)

Price History

Date / Event Date Event Price
Sep 2, 2022 Sold
Premium
Sold
Jan 4, 2022 Listed by New Year Realty $1,150,000
Listed by New Year Realty

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • 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
  • 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: 30,464
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,238
  • Gross Building Area: 6,266
  • Building Area: 3,238
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,238
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000699
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 270100

Geography

  • Parcel: ROWL M:0012 B:0003 L:0015
  • Block: 3
  • Lot: 15
  • Municipality: ROWLEY
  • Latitude: 42.7255
  • Longitude: -70.9168

    Address

  • Full Address: 33 Bob Merry Ln
  • Address - House Number: 33
  • Address - Street Name: Bob Merry
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Rowley
  • Carrier Code: R002
  • 4-Digit Zip Code: 1649
  • Zip Code: 01969

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,363,300

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 412,604
  • High Value: 445,731
  • Low Value: 379,476

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,126,700
  • Assessed Land Value: $296,500
  • Assessed Improvements Value: $830,200

    Sales

  • Current Sale Contract Date: Sep 02, 2022
  • Current Sale Recording Date: Sep 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 325
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

2595 ft²

Average Home Age

73.7 years

Currently For Sale

1390 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# 72931126

Frequently Asked Questions

When was property at 33 Bob Merry Lane built and last sold?
The property at 33 Bob Merry Lane was built in 2022 and last sold on Sep 2, 2022 for $1,160,000.
How much is this home worth?
The estimated value of the home located at 33 Bob Merry Lane is $1,167,521.
What are some comparable homes to 33 Bob Merry Lane?
There are currently no comparable homes to 33 Bob Merry Lane.
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