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West Chatham 02633
44 Ethelma Drive
$365,000
● House - Off Market

44 Ethelma Drive

Chatham, MA 02633
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,656 Ft²
$714,863
RealtyHop Estimate
90.63%
Since Apr 1, 2014
National-US
Primary Model

About This Property

RARE OPPORTUNITY TO OWN A CHATHAM WATERFRONT HOME AT AN AFFORDABLE PRICE!!!!             Water front contemporary on Emery Pond!  Fantastic neighborhood.  Enjoy glorious sunsets over the water from your spacious private deck.  Open floor plan with huge living room/dining room with soaring beamed ceiling, floor to ceiling fireplace, and wall of glass overlooking water.  Three large second floor rooms with closets. Two bedroom septic, possibility of conversion to a three bedroom. Master bedroom has a private deck and vaulted ceiling.  Brick patio with fish pond and stone walls.  75' of water frontage with a small deck on the water.  House in need of updating of kitchen and cosmetics.  The heating system does not currently work.  Property sold "as is". Priced to move, well below assessment.  Won't last!!
Unit Size
1,656 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$226
Property Type
House
Property Taxes
$195
HOA Dues
-
Year Built
1967

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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 #71623120)

Price History

Date / Event Date Event Price
Mar 1, 2016 Sold
Premium
Sold
Mar 10, 2014 Sold
Premium
Sold
Jan 15, 2014 Listed by Commonwealth East $375,000
Listed by Commonwealth East

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,600
  • Total Building Area: 1,632
  • Gross Building Area: 2,568
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000404
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Monomoy Regional School District
  • School Tax School District: MONOMOY RGNL SD
  • Census Tract: 010700

Zoning

  • Zoning: R20

Geography

  • Account Number: 772
  • Parcel: CHAT M:11G B:0032 L:G31
  • Block: 32
  • Lot: G31
  • Municipality: CHATHAM
  • Latitude: 41.6919
  • Longitude: -69.979

    Address

  • Full Address: 44 Ethelma Dr
  • Address - House Number: 44
  • Address - Street Name: Ethelma
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Chatham
  • Carrier Code: R002
  • 4-Digit Zip Code: 1508
  • Zip Code: 02633

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $329,400

    Appraisal Valuation

  • Standard Deviation: 0.2771
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 950,571
  • High Value: 1,214,003
  • Low Value: 687,139

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $922,600
  • Assessed Land Value: $421,800
  • Assessed Improvements Value: $500,800

    Sales

  • Current Sale Recording Date: Mar 01, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9973
  • Previous Sale Recording Date: Mar 10, 2014
  • Previous Sale Amount: $365,000
  • 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 West Chatham

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$793

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2122 ft²

Average Home Age

40.3 years

Currently For Sale

7 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# 71623120

Frequently Asked Questions

When was property at 44 Ethelma Drive built and last sold?
The property at 44 Ethelma Drive was built in 1967 and last sold on Jan 1, 1970 for $527,500.
How much is this home worth?
The estimated value of the home located at 44 Ethelma Drive is $474,114.
What are some comparable homes to 44 Ethelma Drive?
There are currently no comparable homes to 44 Ethelma Drive.
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