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Essex
48 Central St
$4,500,000
● House - Off Market

48 Central St

Manchester, MA 01944
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,586 Ft²
$4,988,522
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

Manchester By-the-Sea. Sought after in-town waterfront property with deep water dock. This stunning location offers panoramic views of Manchester's protected inner harbor from a luxurious residence with easy access to the open ocean and all the conveniences of living in town. The setting is spectacular and the home was designed to maximize privacy and views. Custom built by Wild Apple Homes in 2021, this home offers every amenity with an understated elegance. Built from the finest materials and craftsmanship, the quality throughout is evident. Special thought was given to creating a family home offering indoor and outdoor (including dockside) entertaining on a grand scale. If you have ever dreamed of going from your house to your boat, 48 Central Street offers you the dockside lifestyle you've longed for.
Unit Size
4,586 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$1,058
Property Type
House
Property Taxes
$1,781
HOA Dues
-
Year Built
1840

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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 #72974737)

Price History

Date / Event Date Event Price
Jul 11, 2022 Sold
Premium
Sold
May 2, 2022 Listed by Engel & Volkers By the Sea $4,850,000
Listed by Engel & Volkers By the Sea
Apr 30, 2019 Sold
Premium
Sold
Aug 20, 2018 Listed by Engel & Volkers By the Sea $2,050,000
Listed by Engel & Volkers By the Sea

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1840
  • Effective Year Built: 1840
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,812
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,518
  • Total Building Area: 5,023
  • Gross Building Area: 6,419
  • Building Area: 5,023
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,023
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000173
  • 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: G

Geography

  • District: 166
  • Parcel: MANC M:0044 B:0000 L:0019
  • Lot: 19
  • Municipality: MANCHESTER
  • Latitude: 42.5748
  • Longitude: -70.7742

    Address

  • Full Address: 48 Central St
  • Address - House Number: 48
  • Address - Street Name: Central
  • Address - Suffix Type: St
  • State: MA
  • City Name: Manchester
  • Carrier Code: C002
  • 4-Digit Zip Code: 1362
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $3,891,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2108
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 71
  • Final Value: 2,325,732
  • High Value: 2,816,096
  • Low Value: 1,835,367

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $4,161,500
  • Assessed Land Value: $988,300
  • Assessed Improvements Value: $3,173,200

    Sales

  • Current Sale Contract Date: Jul 08, 2022
  • Current Sale Recording Date: Jul 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20220711002680
  • Previous Sale Recording Date: Apr 30, 2019
  • Previous Sale Contract Date: Mar 11, 2019
  • Previous Sale Amount: $1,900,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

2532 ft²

Average Home Age

73 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72974737

Frequently Asked Questions

When was property at 48 Central Street built and last sold?
The property at 48 Central Street was built in 1840 and last sold on Jul 8, 2022 for $4,500,000.
How much is this home worth?
The estimated value of the home located at 48 Central Street is $4,834,111.
What are some comparable homes to 48 Central Street?
There are currently no comparable homes to 48 Central Street.
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