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Essex
44 Forster
$699,000
● House - Off Market

44 Forster

Manchester, MA 01944
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,550 Ft²
$1,215,561
RealtyHop Estimate
73.90%
Since Oct 1, 2015
MA-Boston
Primary Model

About This Property

Beautiful 2 Acre elevated lot with overland views and distant water views. Located on a scenic road in a desirable part of Manchester just minutes to the village and beaches. There is a 3 bedroom home and 3 outbuildingS that are being " sold as is".This is a special property waiting for you to build your " forever" home. Sellers are in the process of having a new septic plan design and all the permit for the new septic system. Sellers will put up to $ 50,000 towards the new septic system.
Unit Size
2,550 Ft²
Days on Market
-
Land Size
2.02 acres
Price per sqft
$274
Property Type
House
Property Taxes
$617
HOA Dues
-
Year Built
1963

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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 #71835843)

Price History

Date / Event Date Event Price
Sep 17, 2015 Sold
Premium
Sold
May 13, 2015 Listed by Coldwell Banker Residential Brokerage - Manchester $699,000
Listed by Coldwell Banker Residential Brokerage - Manchester

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 6
  • Roof Cover Type: 8
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,048
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,996
  • Total Building Area: 2,550
  • Gross Building Area: 3,870
  • Building Area: 2,550
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,550
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002020
  • 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:0029 B:0000 L:0040
  • Lot: 40
  • Municipality: MANCHESTER
  • Latitude: 42.5753
  • Longitude: -70.7857

    Address

  • Full Address: 44 Forster Rd
  • Address - House Number: 44
  • Address - Street Name: Forster
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Manchester
  • Carrier Code: C002
  • 4-Digit Zip Code: 1422
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $975,600

    Appraisal Valuation

  • Standard Deviation: 0.1919
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 61
  • Final Value: 752,984
  • High Value: 897,533
  • Low Value: 608,434

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,043,400
  • Assessed Land Value: $617,800
  • Assessed Improvements Value: $425,600

    Sales

  • Current Sale Contract Date: Sep 16, 2015
  • Current Sale Recording Date: Sep 17, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 158
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71835843

Frequently Asked Questions

When was property at 44 Forster Road built and last sold?
The property at 44 Forster Road was built in 1963 and last sold on Sep 16, 2015 for $699,000.
How much is this home worth?
The estimated value of the home located at 44 Forster Road is $722,750.
What are some comparable homes to 44 Forster Road?
There are currently no comparable homes to 44 Forster Road.
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