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Essex 01951
34 Newman
$400,000
● Multifamily - Off Market

34 Newman

Newbury, MA 01951
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$532,586
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Investors - Real Estate is always a great investment -Located in beautiful area of high end homes and at the base of Oldtown Hill - This property has two separate homes and a very large barn- One house has passed Title 5, other has had perc test and an accepted Title 5 plan at town hall - You can't go wrong  ANY AND ALL OFFERS NEEDED BY SUNDAY, FEBRUARY 25TH  - Please see Septic Plan attached
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.89 acres
Price per sqft
$235
Property Type
Multifamily
Property Taxes
$600
HOA Dues
-
Year Built
-

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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: 5 months ago (MLSPIN #72282611)

Price History

Date / Event Date Event Price
Oct 11, 2023 Sold
Premium
Sold
Nov 27, 2020 Sold
Premium
Sold
Jul 6, 2018 Sold
Premium
Sold
Feb 16, 2018 Listed by Cashman Real Estate $352,000
Listed by Cashman Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 39,165
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000899
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

  • School District Name: Triton School District
  • School Tax School District: TRITON SD
  • Census Tract: 269100

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0R26 B:0000 L:00003
  • Lot: 3
  • Municipality: NEWBURY
  • Latitude: 42.7676
  • Longitude: -70.8525

    Address

  • Full Address: 34 Newman Rd
  • Address - House Number: 34
  • Address - Street Name: Newman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Newbury
  • Carrier Code: C012
  • 4-Digit Zip Code: 2204
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,091,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,723,300
  • Assessed Land Value: $726,100
  • Assessed Improvements Value: $1,997,200

    Sales

  • Current Sale Contract Date: Oct 11, 2023
  • Current Sale Recording Date: Oct 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231011002620
  • Previous Sale Recording Date: Nov 27, 2020
  • Previous Sale Contract Date: Nov 25, 2020
  • Previous Sale Amount: $2,600,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$699,900

Sale Price/ft²

$383

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2478 ft²

Average Home Age

73.5 years

Currently For Sale

1429 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72282611

Frequently Asked Questions

When was property at 34 Newman Road built and last sold?
The property at 34 Newman Road was built in and last sold on Oct 11, 2023 for $3,074,000.
How much is this home worth?
The estimated value of the home located at 34 Newman Road is $2,394,581.
What are some comparable homes to 34 Newman Road?
There are currently no comparable homes to 34 Newman Road.
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