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Essex
35 Pearson Dr
$499,900
● House - Off Market

35 Pearson Dr

Newbury, MA 01922
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,864 Ft²
$732,981
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

If a great commuting location, low Newbury taxes and a peaceful cul de sac are on your check list, then look no further.  Find all the room you need with the updates you desire.  Enjoy a gorgeous kitchen with granite and stainless, two comfortable living areas, a desirable gas fireplace, sizable bedrooms, updated tiled baths and a bright 4 season sun room that overlooks a private back yard with patio and shed. A second family room in the walk out basement complete with large laundry room with storage gives you room to spread out. New septic system being installed prior to closing.  Close to I-95 and downtown Newburyport for dining and shopping.
Unit Size
1,864 Ft²
Days on Market
-
Land Size
1.10 acres
Price per sqft
$268
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1983

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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 #72486631)

Price History

Date / Event Date Event Price
Aug 1, 2019 Sold
Premium
Sold
May 9, 2019 Listed by Bentley's $499,900
Listed by Bentley's
Sep 8, 1983 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 47,916
  • Total Building Area: 2,068
  • Gross Building Area: 2,708
  • Building Area: 2,068
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,068
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEWBURY
  • Land Acres: 0000001100
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0R20 B:0000 L:00065
  • Lot: 65
  • Municipality: NEWBURY
  • Latitude: 42.7571
  • Longitude: -70.9324

    Address

  • Full Address: 35 Pearson Dr
  • Address - House Number: 35
  • Address - Street Name: Pearson
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Byfield
  • Carrier Code: R001
  • 4-Digit Zip Code: 1429
  • Zip Code: 01922

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $571,700

    Appraisal Valuation

  • Standard Deviation: 0.1693
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 736,210
  • High Value: 860,852
  • Low Value: 611,568

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $744,400
  • Assessed Land Value: $350,000
  • Assessed Improvements Value: $394,400

    Sales

  • Current Sale Contract Date: Jul 30, 2019
  • Current Sale Recording Date: Aug 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190801003860
  • Previous Sale Recording Date: Sep 08, 1983
  • Previous Sale Amount: $86,500
  • Previous Sale Document Type: 27
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# 72486631

Frequently Asked Questions

When was property at 35 Pearson Drive built and last sold?
The property at 35 Pearson Drive was built in 1983 and last sold on Jul 30, 2019 for $499,900.
How much is this home worth?
The estimated value of the home located at 35 Pearson Drive is $518,136.
What are some comparable homes to 35 Pearson Drive?
There are currently no comparable homes to 35 Pearson Drive.
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