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Essex
5 Broad St
Photo of 5 Broad St
Sold on Oct 12, 2021

1

Map

$549,000
● House - Off Market

5 Broad St

Merrimac, MA 01860
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,009 Ft²
$617,874
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

This beautiful and well maintained Merrimacport cape, built in 2005, is surrounded by an incredibly serene wooded area and conservation land. This location will offer you peace and privacy of a small town and easy access to 495 for commuters. This home features 3 levels of living space, which includes 3 bedrooms, 1.5 baths, dining and living rooms, a bright kitchen, a lower level bonus room, and a laundry room.  As you walk in the front door, you will immediately notice the beautiful Brazilian cherry hardwood floors throughout the home. Entertain your guests indoors or outdoors on the private back deck - perfect for the nature lover! Storage will no longer be an issue for you with ample closet space and the attached two car garage. Showings begin Sunday, August 1st at 2:00.
Unit Size
2,009 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$273
Property Type
House
Property Taxes
$577
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: 5 months ago (MLSPIN #72872613)

Price History

Date / Event Date Event Price
Oct 12, 2021 Sold
Premium
Sold
Jul 28, 2021 Listed $549,000
Listed
Sep 17, 2018 Sold
Premium
Sold
May 30, 2018 Listed $439,000
Listed
Apr 4, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,362
  • Total Building Area: 2,337
  • Gross Building Area: 3,756
  • Building Area: 2,337
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,337
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000284
  • 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:0032 B:0001 L:00004
  • Block: 1
  • Lot: 4
  • Municipality: MERRIMAC
  • Latitude: 42.8272
  • Longitude: -70.9868

    Address

  • Full Address: 5 Broad St
  • Address - House Number: 5
  • Address - Street Name: Broad
  • Address - Suffix Type: St
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C002
  • 4-Digit Zip Code: 2323
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $817,400

    Appraisal Valuation

  • Standard Deviation: 0.1639
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 669,710
  • High Value: 779,268
  • Low Value: 560,152

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $605,500
  • Assessed Land Value: $242,600
  • Assessed Improvements Value: $362,900

    Sales

  • Current Sale Contract Date: Oct 12, 2021
  • Current Sale Recording Date: Oct 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211012003330
  • Previous Sale Recording Date: Sep 17, 2018
  • Previous Sale Amount: $440,000
  • 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

2548 ft²

Average Home Age

72.1 years

Currently For Sale

1451 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: 5 months ago
Data Source: MLS PIN, MLS# 72872613

Frequently Asked Questions

When was property at 5 Broad Street built and last sold?
The property at 5 Broad Street was built in 2005 and last sold on Oct 12, 2021 for $549,000.
How much is this home worth?
The estimated value of the home located at 5 Broad Street is $559,773.
What are some comparable homes to 5 Broad Street?
There are currently no comparable homes to 5 Broad Street.
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