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Essex 01966
4 Echo Ln
$457,000
● House - Off Market

4 Echo Ln

Rockport, MA 01966
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,255 Ft²
$709,610
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Magical property perched on a hilltop on a large private lot.  This 3 bedroom 1 ½ bath colonial retains its early 1900s architectural charm with antique pine flooring throughout, custom built-ins, original trim detail and wonderful light throughout. Classic covered front porch and kitchen garden offering potential for perfectly placed herb garden just outside your kitchen window! Large private yard with plenty of space and many possibilities for future expansion.  Short walk to local quarries and walking paths.  This one shouldn't be missed!
Unit Size
1,255 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$374
Property Type
House
Property Taxes
$327
HOA Dues
-
Year Built
1906

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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: 4 months ago (MLSPIN #72340609)

Price History

Date / Event Date Event Price
Jul 27, 2018 Sold
Premium
Sold
Jun 6, 2018 Listed by J. Barrett & Company $469,000
Listed by J. Barrett & Company
Sep 4, 2002 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 572
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,165
  • Total Building Area: 1,112
  • Gross Building Area: 2,280
  • Building Area: 1,112
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,112
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000738
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Rockport School District
  • School Tax School District: ROCKPORT SD
  • Census Tract: 220102

Zoning

  • Zoning: RA

Geography

  • Account Number: 719
  • District: 252
  • Parcel: ROCK M:10 B:64
  • Block: 64
  • Lot: 64
  • Municipality: ROCKPORT
  • Latitude: 42.6736
  • Longitude: -70.6301

    Address

  • Full Address: 4 Echo Ln
  • Address - House Number: 4
  • Address - Street Name: Echo
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Rockport
  • Carrier Code: C001
  • 4-Digit Zip Code: 1261
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $492,100

    Appraisal Valuation

  • Standard Deviation: 0.1658
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 663,561
  • High Value: 773,664
  • Low Value: 553,458

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $584,400
  • Assessed Land Value: $316,300
  • Assessed Improvements Value: $268,100

    Sales

  • Current Sale Recording Date: Jul 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180727005290
  • Previous Sale Recording Date: Sep 04, 2002
  • Previous Sale Amount: $340,000
  • 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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72340609

Frequently Asked Questions

When was property at 4 Echo Lane built and last sold?
The property at 4 Echo Lane was built in 1906 and last sold on Jan 1, 1970 for $457,000.
How much is this home worth?
The estimated value of the home located at 4 Echo Lane is $475,057.
What are some comparable homes to 4 Echo Lane?
There are currently no comparable homes to 4 Echo Lane.
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