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Essex
47 Bear Hill Road
$390,000
● House - Off Market

47 Bear Hill Road

Merrimac, MA 01860
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,960 Ft²
$613,667
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model

About This Property

Fantastic 3 to 4 bdrm home with 2 stall attached garage in great location on large flat lot with fruit trees and garden area. House is handicapped accessible with first floor bdrm. Great dining room with gleaming hard wood floors.Large cabinet packed kitchen overlooking fabulous yard.Living room with temperature controlled pellet stove. Large basement with full walk out. Newer roof, updated furnace.Must See!!! Hurry this won't last.
Unit Size
1,960 Ft²
Days on Market
-
Land Size
0.64 acres
Price per sqft
$204
Property Type
House
Property Taxes
$445
HOA Dues
-
Year Built
1987

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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: 5 months ago (MLSPIN #72287844)

Price History

Date / Event Date Event Price
Apr 20, 2018 Sold
Premium
Sold
Mar 1, 2018 Listed by Coldwell Banker Residential Brokerage - Haverhill $399,900
Listed by Coldwell Banker Residential Brokerage - Haverhill
Aug 31, 2012 Sold
Premium
Sold
Jun 22, 2012 Listed by Coldwell Banker Residential Brokerage - Haverhill $299,900
Listed by Coldwell Banker Residential Brokerage - Haverhill

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,120
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,048
  • Total Building Area: 1,960
  • Gross Building Area: 4,212
  • Building Area: 1,960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,960
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MERRIMAC
  • Land Acres: 0000000644
  • 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:0066 B:0001 L:003-A
  • Block: 1
  • Lot: 3-A
  • Municipality: MERRIMAC
  • Latitude: 42.8467
  • Longitude: -70.9956

    Address

  • Full Address: 47 Bear Hill Rd
  • Address - House Number: 47
  • Address - Street Name: Bear Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C003
  • 4-Digit Zip Code: 1210
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $746,800

    Appraisal Valuation

  • Standard Deviation: 0.1639
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 622,051
  • High Value: 723,813
  • Low Value: 520,289

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $553,200
  • Assessed Land Value: $260,200
  • Assessed Improvements Value: $293,000

    Sales

  • Current Sale Recording Date: Apr 20, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180420004080
  • Previous Sale Recording Date: Aug 31, 2012
  • Previous Sale Amount: $285,900
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2530 ft²

Average Home Age

72.6 years

Currently For Sale

1479 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: 5 months ago
Data Source: MLS PIN, MLS# 72287844

Frequently Asked Questions

When was property at 47 Bear Hill Road built and last sold?
The property at 47 Bear Hill Road was built in 1987 and last sold on Jan 1, 1970 for $390,000.
How much is this home worth?
The estimated value of the home located at 47 Bear Hill Road is $419,217.
What are some comparable homes to 47 Bear Hill Road?
There are currently no comparable homes to 47 Bear Hill Road.
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