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Essex
38 Birch Meadow Rd
$353,000
● House - Off Market

38 Birch Meadow Rd

Merrimac, MA 01860
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,801 Ft²
$490,583
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

New England Cape in a quiet country setting. Easy potential for 3rd bedroom.  Brand new septic system - just installed. Big private yard, almost an acre, surrounded by trees. Classic living room with fireplace, and lots of natural light.  Hardwood floors throughout. Spacious knotty-pine, eat-in kitchen with lots of cabinets and counter space.  Oversized mudroom is a sunny breezeway, with sliders to the front and back, and access to the garage. Central air and a newer roof. Full of great built-ins and details like arched doorways and exposed beam ceilings. Basement has french drain and sump.  Large 2-car garage with a steel-reinforced roof.  Easy in-out circular driveway. Pentucket Regional School District.
Unit Size
1,801 Ft²
Days on Market
-
Land Size
0.94 acres
Price per sqft
$194
Property Type
House
Property Taxes
$408
HOA Dues
-
Year Built
1951

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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 #72651442)

Price History

Date / Event Date Event Price
Jun 22, 2020 Sold
Premium
Sold
May 4, 2020 Listed by Coldwell Banker Residential Brokerage - Haverhill $349,900
Listed by Coldwell Banker Residential Brokerage - Haverhill

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 910
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,042
  • Total Building Area: 1,801
  • Gross Building Area: 3,824
  • Building Area: 1,801
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,801
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000942
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: AR

Geography

  • District: 180
  • Parcel: MERR M:0057 B:0001 L:004-A
  • Block: 1
  • Lot: 4-A
  • Municipality: MERRIMAC
  • Latitude: 42.8306
  • Longitude: -71.027

    Address

  • Full Address: 38 Birch Meadow Rd
  • Address - House Number: 38
  • Address - Street Name: Birch Meadow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C003
  • 4-Digit Zip Code: 1825
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $705,100

    Appraisal Valuation

  • Standard Deviation: 0.1891
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 563,145
  • High Value: 669,498
  • Low Value: 456,791

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $522,300
  • Assessed Land Value: $274,900
  • Assessed Improvements Value: $247,400

    Sales

  • Current Sale Contract Date: Jun 19, 2020
  • Current Sale Recording Date: Jun 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200622004750
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

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2520 ft²

Average Home Age

73.7 years

Currently For Sale

1438 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# 72651442

Frequently Asked Questions

When was property at 38 Birchmeadow Road built and last sold?
The property at 38 Birchmeadow Road was built in 1951 and last sold on Jun 19, 2020 for $353,000.
How much is this home worth?
The estimated value of the home located at 38 Birchmeadow Road is $372,923.
What are some comparable homes to 38 Birchmeadow Road?
There are currently no comparable homes to 38 Birchmeadow Road.
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