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Essex
4 Kings Way
$549,000
● House - Off Market

4 Kings Way

Manchester, MA 01944
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,280 Ft²
$805,419
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Beautiful 2.64 acre lot in Manchester-by-the-Sea with partial ocean views of Kettle Cove and Black Beach.  Renovate the existing 3 bedroom, 1.5 bath home or rebuild to create your perfect home by the sea.  There is an approved three bedroom septic design on file with the town and installation will be the responsibility of the buyer.  Short distance to Black Beach, White Beach or Magnolia Beach and enjoy the trails at the Coolidge Point Reservation across the street.  The property is being sold "AS IS".  Contractors, investors and builders take note of this rare opportunity.   Make an appointment today to view this property and enjoy the sights and sounds of waves crashing on Great Egg Rock in Kettle Cove.
Unit Size
1,280 Ft²
Days on Market
-
Land Size
2.64 acres
Price per sqft
$430
Property Type
House
Property Taxes
$576
HOA Dues
-
Year Built
2020

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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 #72496935)

Price History

Date / Event Date Event Price
Oct 29, 2021 Sold
Premium
Sold
Aug 23, 2021 Listed by J. Barrett & Company $1,995,000
Listed by J. Barrett & Company
Oct 11, 2019 Sold
Premium
Sold
May 9, 2019 Listed by J. Barrett & Company $549,900
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • 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: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,500
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 110,037
  • Total Building Area: 3,750
  • Gross Building Area: 6,448
  • Building Area: 3,750
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,750
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002526
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Manchester Essex Regional School District
  • School Tax School District: MANCHSTR ESSEX
  • Census Tract: 218100

Zoning

  • Zoning: C

Geography

  • District: 166
  • Parcel: MANC M:0007 B:0000 L:0008
  • Lot: 8
  • Municipality: MANCHESTER
  • Latitude: 42.5811
  • Longitude: -70.7279

    Address

  • Full Address: 4 Kings Way
  • Address - House Number: 4
  • Address - Street Name: Kings
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Manchester
  • Carrier Code: C005
  • 4-Digit Zip Code: 1639
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,376,100

    Appraisal Valuation

  • Standard Deviation: 0.2441
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 2,886,778
  • High Value: 3,364,524
  • Low Value: 2,409,033

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,541,300
  • Assessed Land Value: $628,900
  • Assessed Improvements Value: $1,912,400

    Sales

  • Current Sale Contract Date: Oct 28, 2021
  • Current Sale Recording Date: Oct 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211029002330
  • Previous Sale Recording Date: Oct 11, 2019
  • Previous Sale Contract Date: Oct 10, 2019
  • Previous Sale Amount: $549,000
  • Previous Sale Document Type: 54
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

2532 ft²

Average Home Age

72 years

Currently For Sale

1468 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72496935

Frequently Asked Questions

When was property at 4 Kings Way built and last sold?
The property at 4 Kings Way was built in 2020 and last sold on Oct 28, 2021 for $2,350,000.
How much is this home worth?
The estimated value of the home located at 4 Kings Way is $2,001,940.
What are some comparable homes to 4 Kings Way?
There are currently no comparable homes to 4 Kings Way.
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