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Essex 01969
488 Wethersfield
Photo of 488 Wethersfield
Sold on Jan 11, 2008

1

Map

$540,000
● House - Off Market

488 Wethersfield

Rowley, MA 01969
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,600 Ft²
$1,009,737
RealtyHop Estimate
83.62%
Since Feb 1, 2008
National-US
Primary Model

About This Property

Time honored lines, quality construction, and room to spare. This 2-yr young home, set on almost 2-acres of land, offers classic appeal. Detailed stone work entrance leads to grand foyer & hardwood floors. Large granite & stainless kitchen opens to the family room w/ vaulted ceilings & fireplace. Formal dining and living rooms for entertaining, and a luxurious master suite for relaxing. Skylights, walk-in closets, and a large expandable basement are just a few of the features!
Unit Size
2,600 Ft²
Days on Market
-
Land Size
1.84 acres
Price per sqft
$212
Property Type
House
Property Taxes
$459
HOA Dues
-
Year Built
2005

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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 #70658063)

Price History

Date / Event Date Event Price
Jan 11, 2008 Sold
Premium
Sold
Sep 27, 2007 Listed $549,900
Listed
Mar 15, 2007 Sold
Premium
Sold
Jan 30, 2007 Listed $599,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 80,038
  • Total Building Area: 2,594
  • Gross Building Area: 5,312
  • Building Area: 2,594
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,594
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001837
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: ROWL M:0011 B:0001 L:0001
  • Block: 1
  • Lot: 1
  • Municipality: ROWLEY
  • Latitude: 42.726
  • Longitude: -70.9194

    Address

  • Full Address: 488 Wethersfield St
  • Address - House Number: 488
  • Address - Street Name: Wethersfield
  • Address - Suffix Type: St
  • State: MA
  • City Name: Rowley
  • Carrier Code: R002
  • 4-Digit Zip Code: 1605
  • Zip Code: 01969

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,003,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1716
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 928,848
  • High Value: 1,088,162
  • Low Value: 769,534

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $828,900
  • Assessed Land Value: $294,100
  • Assessed Improvements Value: $534,800

    Sales

  • Current Sale Recording Date: Jan 11, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 15, 2007
  • Previous Sale Amount: $560,000
  • 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 146 Elm, Newbury, 01922

$2,795 /mo

  • 2 Beds
  • 1 Bath
  • 1,700 ft²
146 Elm, Newbury, 01922

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70658063

Frequently Asked Questions

When was property at 488 Wethers Field Street built and last sold?
The property at 488 Wethers Field Street was built in 2005 and last sold on Jan 1, 1970 for $540,000.
How much is this home worth?
The estimated value of the home located at 488 Wethers Field Street is $576,967.
What are some comparable homes to 488 Wethers Field Street?
There are currently no comparable homes to 488 Wethers Field Street.
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