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Essex
46 Martel Road
$629,000
● House - Off Market

46 Martel Road

Hamilton, MA 01982
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,072 Ft²
$896,511
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Spacious four bedroom Colonial located on large corner lot. Gleaming hardwood floors, New roof and gutters 2019, new hardwood floors in family room 2019,new 1st floor bath 2018, hot water heater 2017, oil tank 2017, garage doors and WiFi door openers 2017,three storm doors 2013, Electrical service updated 2012, Huge garage with work bench.Title V certified.
Unit Size
2,072 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$304
Property Type
House
Property Taxes
$734
HOA Dues
-
Year Built
1960

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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 #72505728)

Price History

Date / Event Date Event Price
Mar 8, 2021 Sold
Premium
Sold
Jan 27, 2021 Listed by Carney Real Estate $739,900
Listed by Carney Real Estate
Jul 11, 2019 Sold
Premium
Sold
May 23, 2019 Listed by Carney Real Estate $629,000
Listed by Carney Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,172
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,950
  • Total Building Area: 2,072
  • Gross Building Area: 4,366
  • Building Area: 2,072
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,072
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000504
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hamilton-Wenham School District
  • Census Tract: 215101

Zoning

  • Zoning: R1A

Geography

  • Account Number: 2614
  • Parcel: HAMI M:65 B:12
  • Block: 12
  • Lot: 12
  • Municipality: HAMILTON
  • Latitude: 42.606
  • Longitude: -70.8339

    Address

  • Full Address: 46 Martel Rd
  • Address - House Number: 46
  • Address - Street Name: Martel
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: South Hamilton
  • Carrier Code: C001
  • 4-Digit Zip Code: 2407
  • Zip Code: 01982

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,317,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2087
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 883,023
  • High Value: 1,067,748
  • Low Value: 698,298

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $871,900
  • Assessed Land Value: $349,300
  • Assessed Improvements Value: $522,600

    Sales

  • Current Sale Contract Date: Mar 08, 2021
  • Current Sale Recording Date: Mar 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 622603
  • Previous Sale Recording Date: Jul 11, 2019
  • Previous Sale Contract Date: Jul 10, 2019
  • Previous Sale Amount: $629,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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# 72505728

Frequently Asked Questions

When was property at 46 Martel Road built and last sold?
The property at 46 Martel Road was built in 1960 and last sold on Mar 8, 2021 for $750,000.
How much is this home worth?
The estimated value of the home located at 46 Martel Road is $745,632.
What are some comparable homes to 46 Martel Road?
There are currently no comparable homes to 46 Martel Road.
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