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Essex 01951
5 Pine Island Road
$439,900
● House - Off Market

5 Pine Island Road

Newbury, MA 01951
bedrooms
3 Beds
bathrooms
2 Baths
square feet
3,149 Ft²
$817,660
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Located on a highly desirable street this 3 bedroom home has been wonderfully maintained by it's current owner. Open floor plan w/ spacious living room off kitchen/dining that boasts exposed beams, cathedral ceilings, fireplace and access to exterior patio. Oversized master bedroom w/ 2 guest bedrooms and large family room in lower level. Notable amenities include oversized garage, plenty of storage, private yard and only 3 miles to downtown Newburyport. An excellent value
Unit Size
3,149 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$140
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1981

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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: 6 months ago (MLSPIN #71677644)

Price History

Date / Event Date Event Price
Jun 3, 2014 Sold
Premium
Sold
May 8, 2014 Listed by Stone Ridge Properties, Inc. $439,900
Listed by Stone Ridge Properties, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • 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: 1,170
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,532
  • Total Building Area: 3,149
  • Gross Building Area: 5,288
  • Building Area: 3,149
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,149
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000609
  • 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:0R32 B:0000 L:0021A
  • Lot: 21A
  • Municipality: NEWBURY
  • Latitude: 42.7792
  • Longitude: -70.8415

    Address

  • Full Address: 5 Pine Island Rd
  • Address - House Number: 5
  • Address - Street Name: Pine Island
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Newbury
  • Carrier Code: C012
  • 4-Digit Zip Code: 1804
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $543,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1524
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 81
  • Final Value: 808,250
  • High Value: 931,456
  • Low Value: 685,045

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $707,400
  • Assessed Land Value: $294,800
  • Assessed Improvements Value: $412,600

    Sales

  • Current Sale Recording Date: Jun 03, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 60300162
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

2488 ft²

Average Home Age

73.5 years

Currently For Sale

1420 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 16 Chestnut, Newburyport, 01950

$3,700 /mo

  • 2 Beds
  • 1 Bath
  • 2,706 ft²
16 Chestnut, Newburyport, 01950 Listing by Tami Mallett

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71677644

Frequently Asked Questions

When was property at 5 Pine Island Road built and last sold?
The property at 5 Pine Island Road was built in 1981 and last sold on Jan 1, 1970 for $439,900.
How much is this home worth?
The estimated value of the home located at 5 Pine Island Road is $488,133.
What are some comparable homes to 5 Pine Island Road?
There are currently no comparable homes to 5 Pine Island Road.
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