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Essex
5 Phillips Ave
$520,000
● House - Off Market

5 Phillips Ave

Georgetown, MA 01833
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,975 Ft²
$514,530
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

COME AND SEE! This is a spectacular chance to get into a dead-end street on a corner lot surrounded by the Thurlow Conservation Area. This charming cape boasts a large eat-in kitchen, an oversized living room with a working fireplace, and a primary bed and full bath on the first floor. On the second floor, you will find 2 generous size bedrooms, along with a 3/4 bath.  Enjoy a large back deck and private wooded fenced-in yard, with a bonus 1 car detached garage. New roof, as of 2021 whole house painted in 2021. Don't miss out! Open house showings only, Saturday NOV 12 from 12-2, and Sunday NOV 13 from 12-3.
Unit Size
1,975 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$246
Property Type
House
Property Taxes
$490
HOA Dues
-
Year Built
1954

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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 #73057068)

Price History

Date / Event Date Event Price
Dec 16, 2022 Sold
Premium
Sold
Nov 16, 2022 In contract -
In contract
Nov 9, 2022 Listed by Lyv Realty $485,000
Listed by Lyv Realty
Jul 14, 2000 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 15,000
  • Total Building Area: 1,975
  • Gross Building Area: 3,471
  • Building Area: 1,975
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,975
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PHILLIPS AVE
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265102

Geography

  • District: 105
  • Parcel: GEOR M:00017 B:00000 L:00025
  • Lot: 25
  • Municipality: GEORGETOWN
  • Latitude: 42.74
  • Longitude: -70.9654

    Address

  • Full Address: 5 Phillips Ave
  • Address - House Number: 5
  • Address - Street Name: Phillips
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R008
  • 4-Digit Zip Code: 1128
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $607,000

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 553,675
  • High Value: 646,364
  • Low Value: 460,985

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $483,700
  • Assessed Land Value: $176,900
  • Assessed Improvements Value: $306,800

    Sales

  • Current Sale Contract Date: Dec 16, 2022
  • Current Sale Recording Date: Dec 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221216003440
  • Previous Sale Recording Date: Jul 14, 2000
  • Previous Sale Amount: $262,000
  • 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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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# 73057068

Frequently Asked Questions

When was property at 5 Phillips Avenue built and last sold?
The property at 5 Phillips Avenue was built in 1954 and last sold on Dec 16, 2022 for $520,000.
How much is this home worth?
The estimated value of the home located at 5 Phillips Avenue is $509,347.
What are some comparable homes to 5 Phillips Avenue?
There are currently no comparable homes to 5 Phillips Avenue.
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