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Essex 01969
48 Oyster Point Road
$234,900
● House - Off Market

48 Oyster Point Road

Rowley, MA 01969
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,188 Ft²
$495,031
RealtyHop Estimate
115.32%
Since Jul 1, 2012
National-US
Primary Model

About This Property

Terrific secluded spot next to the marshes.  Smell the ocean and feel the breezes and be near the marina.  3 bedroom ranch on a flat lot.  In need of some TLC but offers a price well below asssessed value.  Anderson windows and doors.  Hardwood floors, no carpeting and an unfinished 3 or 4 season room.  Big eat in kitchen, pantry and large master with a terrific view.  Huge full bath with entry from master and hallway.  Great opportunity.
Unit Size
1,188 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$194
Property Type
House
Property Taxes
$327
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71369919)

Price History

Date / Event Date Event Price
Jun 12, 2012 Sold
Premium
Sold
Apr 19, 2012 Listed by Rowley Realty $229,900
Listed by Rowley Realty
Aug 20, 1996 Sold
Premium
Sold
Oct 4, 1995 Listed by Rowley Realty $149,000
Listed by Rowley Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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: 9
  • Basement Area: 1,152
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,300
  • Total Building Area: 1,188
  • Gross Building Area: 3,120
  • Building Area: 1,188
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,188
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000443
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 270100

Geography

  • Parcel: ROWL M:0027 B:0088 L:0000
  • Block: 88
  • Municipality: ROWLEY
  • Latitude: 42.7283
  • Longitude: -70.8582

    Address

  • Full Address: 48 Oyster Point Rd
  • Address - House Number: 48
  • Address - Street Name: Oyster Point
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Rowley
  • Carrier Code: R003
  • 4-Digit Zip Code: 1204
  • Zip Code: 01969

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $641,700

    Appraisal Valuation

  • Standard Deviation: 0.172
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 78
  • Final Value: 634,227
  • High Value: 743,341
  • Low Value: 525,114

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $530,300
  • Assessed Land Value: $245,000
  • Assessed Improvements Value: $285,300

    Sales

  • Current Sale Recording Date: Jun 12, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Aug 20, 1996
  • Previous Sale Amount: $130,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71369919

Frequently Asked Questions

When was property at 48 Oyster Point Road built and last sold?
The property at 48 Oyster Point Road was built in 1970 and last sold on Jan 1, 1970 for $234,900.
How much is this home worth?
The estimated value of the home located at 48 Oyster Point Road is $241,394.
What are some comparable homes to 48 Oyster Point Road?
There are currently no comparable homes to 48 Oyster Point Road.
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