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Essex 01969
414 Central St
$300,000
● House - Off Market

414 Central St

Rowley, MA 01969
bedrooms
2 Beds
bathrooms
1 Bath
square feet
720 Ft²
$350,587
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Welcome to this unique opportunity to own in the well-desired town of Rowley. This home sits on 1.5 acres. The home sits back a good distance from the main road allowing for privacy and a nice tranquil setting. Bring your own ideas. Many possibilities to rehab the existing home, and or add on. Possibly build your dream home. Opportunity does not knock often. Cash or Construction loans only. No issues buyer backed out last minute.
Unit Size
720 Ft²
Days on Market
-
Land Size
1.50 acres
Price per sqft
$486
Property Type
House
Property Taxes
$457
HOA Dues
-
Year Built
1953

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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: 4 months ago (MLSPIN #73114795)

Price History

Date / Event Date Event Price
Jun 16, 2023 Sold
Premium
Sold
Jun 2, 2023 In contract -
In contract
May 25, 2023 In contract -
In contract
May 22, 2023 Listed by Realty One Group Nest $350,000
Listed by Realty One Group Nest

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 65,227
  • Total Building Area: 720
  • Gross Building Area: 1,794
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 720
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001497
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 270100

Geography

  • Parcel: ROWL M:0022 B:0025 L:0000
  • Block: 25
  • Municipality: ROWLEY
  • Latitude: 42.7367
  • Longitude: -70.8977

    Address

  • Full Address: 414 Central St
  • Address - House Number: 414
  • Address - Street Name: Central
  • Address - Suffix Type: St
  • State: MA
  • City Name: Rowley
  • Carrier Code: R002
  • 4-Digit Zip Code: 1314
  • Zip Code: 01969

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $552,000

    Appraisal Valuation

  • Standard Deviation: 0.1603
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 67
  • Final Value: 653,366
  • High Value: 758,113
  • Low Value: 548,618

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $456,200
  • Assessed Land Value: $290,000
  • Assessed Improvements Value: $166,200

    Sales

  • Current Sale Contract Date: Jun 08, 2023
  • Current Sale Recording Date: Jun 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20230616002290
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

2595 ft²

Average Home Age

73.7 years

Currently For Sale

1390 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: 4 months ago
Data Source: MLS PIN, MLS# 73114795

Frequently Asked Questions

When was property at 414 Central Street built and last sold?
The property at 414 Central Street was built in 1953 and last sold on Jun 8, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 414 Central Street is $346,896.
What are some comparable homes to 414 Central Street?
There are currently no comparable homes to 414 Central Street.
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