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Essex
47 Elm St
$590,000
● House - Off Market

47 Elm St

Georgetown, MA 01833
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,459 Ft²
$3,440
Est. Monthly

About This Property

Just move into this beautifully remodeled 3-bedroom home in great location and situated on over 1.8 acres of land! New Kitchen Cabinets, New Quartz Countertops and all New Stainless-Steel appliances. Gleaming hardwood floors throughout and an extremely well laid out floor plan. Large Bonus room in the basement, New Oil Fired Boiler and a Large 2-Car Garage. This is the Home that you have been searching for!!
Unit Size
1,459 Ft²
Days on Market
-
Land Size
1.81 acres
Price per sqft
$407
Property Type
House
Property Taxes
$522
HOA Dues
-
Year Built
1955

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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 #73286891)

Price History

Date / Event Date Event Price
Nov 25, 2024 Sold
Premium
Sold
Oct 28, 2024 In contract -
In contract
Sep 7, 2024 Listed by Corcoran Realty $594,215
Listed by Corcoran Realty
Jun 6, 2024 Sold
Premium
Sold
Apr 19, 2024 In contract -
In contract
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 78,768
  • Total Building Area: 992
  • Gross Building Area: 2,252
  • Building Area: 992
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 992
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND GEORGETOWN
  • Land Acres: 0000001808
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265101

Geography

  • District: 105
  • Parcel: GEOR M:0010B B:00000 L:00042
  • Lot: 42
  • Municipality: GEORGETOWN
  • Latitude: 42.7169
  • Longitude: -70.9876

    Address

  • Full Address: 47 Elm St
  • Address - House Number: 47
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Georgetown
  • Carrier Code: C053
  • 4-Digit Zip Code: 2515
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $626,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1627
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 79
  • Final Value: 548,083
  • High Value: 637,281
  • Low Value: 458,884

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $498,900
  • Assessed Land Value: $214,500
  • Assessed Improvements Value: $284,400

    Sales

  • Current Sale Contract Date: Jan 26, 2022
  • Current Sale Recording Date: May 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 34
  • Current Sale Input Document Number: 20220513004060
  • Previous Sale Recording Date: May 10, 2010
  • Previous Sale Amount: $284,000
  • 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

Unit for rent at 8 Hemlock, Groveland, 01834

$5,500 /mo

  • 4 Beds
  • 2 Baths
  • 3,680 ft²
8 Hemlock, Groveland, 01834 Listing by Tami Mallett

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73286891

Frequently Asked Questions

When was property at 47 Elm Street built and last sold?
The property at 47 Elm Street was built in 1955 and last sold on Jan 26, 2022 for $452,200.
How much is this home worth?
The estimated value of the home located at 47 Elm Street is $586,179.
What are some comparable homes to 47 Elm Street?
There are currently no comparable homes to 47 Elm Street.
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