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Essex
5 Lenway Rd
$328,000
● House - Off Market

5 Lenway Rd

Newbury, MA 01922
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,095 Ft²
$575,441
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Lots of space and possibility for this large Split-level home located in a quaint neighborhood that is nestled between Central and Main Streets. Lovely .48 acre lot is adorned with perennials, fruit trees, a large storage shed, and 18x33 above ground pool.  Inside the home you will find hardwood floors on most of the main living level, a kitchen that opens to the dining room, a fireplace with wood stove insert in the living room, and a bonus 'office' addition that leads to a three season sun porch.  The main hall leads to three bedrooms and an updated full bath.  The lower level features another finished room, workshop space 1/2 bath/laundry and access to the 2-car garage.Great re-hab property for updating.
Unit Size
2,095 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$162
Property Type
House
Property Taxes
$286
HOA Dues
-
Year Built
1971

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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 #71947467)

Price History

Date / Event Date Event Price
Jun 8, 2016 Sold
Premium
Sold
Jan 11, 2016 Listed by Keller Williams Realty $339,000
Listed by Keller Williams Realty
Feb 24, 1995 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 7
  • Basement Area: 1,150
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,909
  • Total Building Area: 2,095
  • Gross Building Area: 3,059
  • Building Area: 2,095
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,095
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000480
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • School Tax School District: TRITON SD
  • Census Tract: 269100

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0U11 B:0000 L:00035
  • Lot: 35
  • Municipality: NEWBURY
  • Latitude: 42.7604
  • Longitude: -70.942

    Address

  • Full Address: 5 Lenway Rd
  • Address - House Number: 5
  • Address - Street Name: Lenway
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Byfield
  • Carrier Code: R002
  • 4-Digit Zip Code: 1301
  • Zip Code: 01922

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $437,300

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 628,119
  • High Value: 735,727
  • Low Value: 520,510

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $569,400
  • Assessed Land Value: $246,300
  • Assessed Improvements Value: $323,100

    Sales

  • Current Sale Recording Date: Jun 08, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 200
  • Previous Sale Recording Date: Feb 24, 1995
  • Previous Sale Amount: $163,000
  • 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# 71947467

Frequently Asked Questions

When was property at 5 Lenway Road built and last sold?
The property at 5 Lenway Road was built in 1971 and last sold on Jan 1, 1970 for $328,000.
How much is this home worth?
The estimated value of the home located at 5 Lenway Road is $367,592.
What are some comparable homes to 5 Lenway Road?
There are currently no comparable homes to 5 Lenway Road.
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