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Essex
5 Vale Street
$560,000
● House - Off Market

5 Vale Street

Merrimac, MA 01860
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,112 Ft²
$654,054
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

New Craftsman Bungalow style home being built now on beautiful lot in great side street neighborhood location just a short walk to Merrimac Square. Fireplaced living room, large kitchen with center island, recessed lighting and separate dining area overlooking spacious backyard. Open concept design allows view of Fireplace from living/dining and kitchen areas. Hardwood floors throughout first floor, stairway and second floor hallway, tile flooring in laundry area and all 3 baths. Second floor laundry hook ups, central A/C, master bedroom with walk in closet and 3/4 bath with walk in tiled shower. Only 2 blocks from Donaghue Elementary School and minutes from 495, 95, nearby Newburyport and ocean beaches. Can be ready before summer.
Unit Size
2,112 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$265
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2021

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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 years ago (MLSPIN #72783985)

Price History

Date / Event Date Event Price
Jun 11, 2021 Sold
Premium
Sold
Feb 9, 2021 Listed by Keller Williams Realty Evolution $559,000
Listed by Keller Williams Realty Evolution

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,029
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,680
  • Gross Building Area: 3,936
  • Building Area: 1,680
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,680
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000253
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: VR

Geography

  • District: 180
  • Parcel: MERR M:0010 B:0002 L:017-A
  • Block: 2
  • Lot: 17-A
  • Municipality: MERRIMAC
  • Latitude: 42.8296
  • Longitude: -71.0015

    Address

  • Full Address: 5 Vale St
  • Address - House Number: 5
  • Address - Street Name: Vale
  • Address - Suffix Type: St
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C004
  • 4-Digit Zip Code: 1954
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $899,100

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 86
  • Final Value: 728,443
  • High Value: 819,809
  • Low Value: 637,077

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $666,000
  • Assessed Land Value: $273,200
  • Assessed Improvements Value: $392,800

    Sales

  • Current Sale Contract Date: Jun 11, 2021
  • Current Sale Recording Date: Jun 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210611003440
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

2466 ft²

Average Home Age

72.4 years

Currently For Sale

1380 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: 5 years ago
Data Source: MLS PIN, MLS# 72783985

Frequently Asked Questions

When was property at 5 Vale Street built and last sold?
The property at 5 Vale Street was built in 2021 and last sold on Jun 11, 2021 for $560,000.
How much is this home worth?
The estimated value of the home located at 5 Vale Street is $580,623.
What are some comparable homes to 5 Vale Street?
There are currently no comparable homes to 5 Vale Street.
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