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Essex
38 Hadley Rd
Photo of 38 Hadley Rd

1

Map

$439,900
● House - Off Market

38 Hadley Rd

Merrimac, MA 01860
bedrooms
3 Beds
bathrooms
2 Baths
square feet
3,192 Ft²
$2,617
Est. Monthly

About This Property

Lovely home sited on 2 wooded acres on a bucolic country road with a fantastic 2 story barn for hobbies or horses. Open concept kitchen with Silestone countertops. Hardwood floors on the first floor and staircase.  Large finished walk out basement with wood stove. Oversized 2 car garage and a 3rd floor walk up unfinished attic. 1st floor laundry and large back deck. Title V approved.
Unit Size
3,192 Ft²
Days on Market
-
Land Size
2.04 acres
Price per sqft
$138
Property Type
House
Property Taxes
$457
HOA Dues
-
Year Built
1993

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 months ago (MLSPIN #71218187)

Price History

Date / Event Date Event Price
Aug 9, 2019 Sold
Premium
Sold
Jun 25, 2019 Listed by Stone Ridge Properties, Inc. $549,000
Listed by Stone Ridge Properties, Inc.
Jun 29, 2012 Sold
Premium
Sold
Apr 9, 2012 Listed by Stone Ridge Properties, Inc. $415,000
Listed by Stone Ridge Properties, Inc.
Apr 15, 2011 Listed by Stone Ridge Properties, Inc. $439,900
Listed by Stone Ridge Properties, Inc.
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 3
  • Basement Area: 1,277
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 88,688
  • Total Building Area: 2,979
  • Gross Building Area: 5,912
  • Building Area: 2,979
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,979
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MERRIMAC
  • Land Acres: 0000002036
  • 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:0080 B:0001 L:003-A
  • Block: 1
  • Lot: 3-A
  • Municipality: MERRIMAC
  • Latitude: 42.8386
  • Longitude: -71.0437

    Address

  • Full Address: 38 Hadley Rd
  • Address - House Number: 38
  • Address - Street Name: Hadley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C003
  • 4-Digit Zip Code: 1303
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $934,200

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 775,175
  • High Value: 897,162
  • Low Value: 653,188

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $692,000
  • Assessed Land Value: $326,900
  • Assessed Improvements Value: $365,100

    Sales

  • Current Sale Contract Date: Aug 09, 2019
  • Current Sale Recording Date: Aug 09, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190809005120
  • Previous Sale Recording Date: Jun 29, 2012
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: O
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

2534 ft²

Average Home Age

72.8 years

Currently For Sale

1454 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 47 Newton, Plaistow, 03865

$3,000 /mo

  • 2 Beds
  • 1 Bath
  • 1,249 ft²
47 Newton #C, Plaistow, 03865 Listing by Amanda Rooney

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 months ago
Data Source: MLS PIN, MLS# 71218187

Frequently Asked Questions

When was property at 38 Hadley Road built and last sold?
The property at 38 Hadley Road was built in 1993 and last sold on Aug 9, 2019 for $545,000.
How much is this home worth?
The estimated value of the home located at 38 Hadley Road is $586,269.
What are some comparable homes to 38 Hadley Road?
There are currently no comparable homes to 38 Hadley Road.
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