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Essex
4 Spring
Photo of 4 Spring
Sold on Aug 26, 2011

1

Map

$277,500
● House - Off Market

4 Spring

Merrimac, MA 01860
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,880 Ft²
$653,832
RealtyHop Estimate
121.64%
Since Sep 1, 2011
National-US
Primary Model

About This Property

Charming farmhouse completely renovated over the last several years.  This home is warm and welcoming upon entering the open concept updated kitchen with adjacent sitting room, perfect for entertaining or relaxing with family and friends.  There is a first floor office off the kitchen and a large living room with ample space for a combo living and dining area for more formal meals.  3 large bedrooms on the 2nd floor including a private master suite complete with bathroom and cathedral ceilings.
Unit Size
1,880 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$157
Property Type
House
Property Taxes
$330
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: 3 months ago (MLSPIN #71223930)

Price History

Date / Event Date Event Price
Aug 1, 2016 Sold
Premium
Sold
Jun 1, 2016 Listed by William Raveis the Dolores Person $339,900
Listed by William Raveis the Dolores Person
Aug 26, 2011 Sold
Premium
Sold
Apr 28, 2011 Listed by William Raveis the Dolores Person $295,000
Listed by William Raveis the Dolores Person

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1966
  • 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: 1
  • 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: 552
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,642
  • Total Building Area: 1,880
  • Gross Building Area: 2,788
  • Building Area: 1,880
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,880
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000405
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: VR

Geography

  • District: 180
  • Parcel: MERR M:0005 B:0006 L:00002
  • Block: 6
  • Lot: 2
  • Municipality: MERRIMAC
  • Latitude: 42.8358
  • Longitude: -71.0087

    Address

  • Full Address: 4 Spring St
  • Address - House Number: 4
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C001
  • 4-Digit Zip Code: 1427
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $708,600

    Appraisal Valuation

  • Standard Deviation: 0.1833
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 599,490
  • High Value: 709,258
  • Low Value: 489,723

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $524,900
  • Assessed Land Value: $281,700
  • Assessed Improvements Value: $243,200

    Sales

  • Current Sale Recording Date: Aug 01, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 130
  • Previous Sale Recording Date: Aug 26, 2011
  • Previous Sale Amount: $277,500
  • 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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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: 3 months ago
Data Source: MLS PIN, MLS# 71223930

Frequently Asked Questions

When was property at 4 Spring Street built and last sold?
The property at 4 Spring Street was built in 1906 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 4 Spring Street is $362,501.
What are some comparable homes to 4 Spring Street?
There are currently no comparable homes to 4 Spring Street.
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