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Essex
46 River Road
$642,000
● House - Off Market

46 River Road

Merrimac, MA 01860
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,007 Ft²
$1,511,638
RealtyHop Estimate
127.31%
Since Nov 1, 2011
National-US
Primary Model

About This Property

WATERFRONT COLONIAL-Nestled on a knoll overlooking the glistening Merrimac River, this 4 bdrm traditional & renovated Col offers a sophisticated life style in a gorgeous setting. The fireplaced living room, formal dining room & eat-in kitchen provide plenty of  space to entertain friends & family. Other amenities include an oversized 2 car heated garage, a stunning Gunite pool, pool house & a cozy screened porch. This property includes 400 ft. of Riverfront w/dock & 2 deep water moorings.
Unit Size
2,007 Ft²
Days on Market
-
Land Size
1.63 acres
Price per sqft
$331
Property Type
House
Property Taxes
$532
HOA Dues
-
Year Built
1806

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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 #71166740)

Price History

Date / Event Date Event Price
Oct 25, 2011 Sold
Premium
Sold
Dec 1, 2010 Listed by RE/MAX On The River, Inc. $665,000
Listed by RE/MAX On The River, Inc.
Nov 5, 2009 Sold
Premium
Sold
Sep 2, 2009 Listed by RE/MAX On The River, Inc. $550,000
Listed by RE/MAX On The River, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1806
  • Effective Year Built: 1814
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 55,522
  • Total Building Area: 2,007
  • Gross Building Area: 6,204
  • Building Area: 2,007
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,007
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 29
  • Land Acres: 0000001275
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: AR

Geography

  • District: 180
  • Parcel: MERR M:0029 B:0001 L:00006
  • Block: 1
  • Lot: 6
  • Municipality: MERRIMAC
  • Latitude: 42.8229
  • Longitude: -70.9978

    Address

  • Full Address: 46 River Rd
  • Address - House Number: 46
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C002
  • 4-Digit Zip Code: 2317
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,088,200

    Appraisal Valuation

  • Standard Deviation: 0.2116
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 1,315,961
  • High Value: 1,593,126
  • Low Value: 1,038,797

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $806,100
  • Assessed Land Value: $436,700
  • Assessed Improvements Value: $369,400

    Sales

  • Current Sale Recording Date: Oct 25, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000250
  • Previous Sale Recording Date: Nov 05, 2009
  • Previous Sale Amount: $540,000
  • 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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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# 71166740

Frequently Asked Questions

When was property at 46 River Road built and last sold?
The property at 46 River Road was built in 1806 and last sold on Jan 1, 1970 for $642,000.
How much is this home worth?
The estimated value of the home located at 46 River Road is $671,761.
What are some comparable homes to 46 River Road?
There are currently no comparable homes to 46 River Road.
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