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Essex
5 Spring Hill Rd
$414,000
● House - Off Market

5 Spring Hill Rd

Merrimac, MA 01860
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,264 Ft²
$820,202
RealtyHop Estimate
86.41%
Since Nov 1, 2014
National-US
Primary Model

About This Property

Little Pond Estates- Beautiful four bedroom colonial home on 3.4 private acres. Sellers need to relocate is your chance to own this move in condition home! First floor offers hardwood flooring through out- fireplace family room, full granite kitchen with island and breakfast bar. Formal dining with bay window, formal living room, half bath.  Second level offers all new carpeting, master bedroom with walk in closet, full bath with Jacuzzi tub, plus three additional generous bedrooms, full bath, washer and dryer hook-up. Walk up attic for future expansion if needed. Basement offers a wonderful game room with sliders to your private back yard. This home is perfect for entertaining and need nothing but you.
Unit Size
3,264 Ft²
Days on Market
-
Land Size
3.41 acres
Price per sqft
$135
Property Type
House
Property Taxes
$594
HOA Dues
-
Year Built
1993

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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 #71726647)

Price History

Date / Event Date Event Price
Oct 10, 2014 Sold
Premium
Sold
Aug 8, 2014 Listed by KSRJ - Signature Realty Group $440,000
Listed by KSRJ - Signature Realty Group
Oct 5, 2012 Sold
Premium
Sold
Mar 12, 2012 Listed by KSRJ - Signature Realty Group $369,000
Listed by KSRJ - Signature Realty Group
Nov 5, 1997 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 7
  • Basement Area: 1,428
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 148,540
  • Total Building Area: 3,264
  • Gross Building Area: 6,034
  • Building Area: 3,264
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,264
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003410
  • 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:045A B:0001 L:054-A
  • Block: 1
  • Lot: 54-A
  • Municipality: MERRIMAC
  • Latitude: 42.8188
  • Longitude: -71.0143

    Address

  • Full Address: 5 Spring Hill Rd
  • Address - House Number: 5
  • Address - Street Name: Spring Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C002
  • 4-Digit Zip Code: 2260
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,154,300

    Appraisal Valuation

  • Standard Deviation: 0.1719
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 828,795
  • High Value: 958,453
  • Low Value: 699,137

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $855,000
  • Assessed Land Value: $323,200
  • Assessed Improvements Value: $531,800

    Sales

  • Current Sale Recording Date: Oct 10, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 101000235
  • Previous Sale Recording Date: Oct 05, 2012
  • Previous Sale Amount: $355,000
  • 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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2546 ft²

Average Home Age

73.2 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71726647

Frequently Asked Questions

When was property at 5 Spring Hill Road built and last sold?
The property at 5 Spring Hill Road was built in 1993 and last sold on Jan 1, 1970 for $414,000.
How much is this home worth?
The estimated value of the home located at 5 Spring Hill Road is $482,121.
What are some comparable homes to 5 Spring Hill Road?
There are currently no comparable homes to 5 Spring Hill Road.
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