$1,350,000
●
House -
Off Market
50 Old Point Rd.
Newbury, MA 01951
3 Beds
2 Baths
1,481 Ft²
$7,500
Est. Monthly
About This Property
Welcome to Plum Island where your daily views of the sunset are
different everyday! This custom contemporary cape, renovated &
expanded upon in 2005, has everything you need to enjoy the island
as your primary home, vacation getaway, or investment opportunity.
The expansive & welcoming composite deck is perfect for
entertaining or settling in to watch the sunsets. French doors
bring you into the open concept living/dining areas w/ gleaming HW
floors. The kitchen, w/ granite counters & SS appliances, has
plenty of storage. There are three bedrooms, two full baths (one on
each level), & den/office that could be another bedroom. Light
pours in from the windows that are perfectly placed to grab views
of the Great Marsh from almost every room. All this with plenty of
parking & a triple lot. Newer roof, furnace & water heater. Short
distance to the beach, Sunset Grill, Plum Island Provisions & new
restaurants set to open this year. Expansive views of the marsh,
Newburyport and beyond.
Unit Size
1,481 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$945
Property Type
House
Property Taxes
$631
HOA Dues
-
Year Built
1940
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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 months ago (MLSPIN #73254552)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Jul 10, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Listed by Stone Ridge Properties, Inc. | $1,399,000 | |
| Listed by Stone Ridge Properties, Inc. | |||
| | |||
|
Welcome to Plum Island where your daily views of the sunset are different everyday! This custom contemporary cape, renovated & expanded upon in 2005, has everything you need to enjoy the island as your primary home, vacation getaway, or investment opportunity. The expansive & welcoming composite deck is perfect for entertaining or settling in to watch the sunsets. French doors bring you into the open concept living/dining areas w/ gleaming HW floors. The kitchen, w/ granite counters & SS appliances, has plenty of storage. There are three bedrooms, two full baths (one on each level), & den/office that could be another bedroom. Light pours in from the windows that are perfectly placed to grab views of the Great Marsh from almost every room. All this with plenty of parking & a triple lot. Newer roof, furnace & water heater. Short distance to the beach, Sunset Grill, Plum Island Provisions & new restaurants set to open this year. Expansive views of the marsh, Newburyport and beyond.
| |||
| Apr 24, 2024 | Listed by Stone Ridge Properties, Inc. | $1,425,000 | |
| Listed by Stone Ridge Properties, Inc. | |||
| | |||
|
Welcome to Plum Island where your daily views of the sunset are different everyday! This custom contemporary cape, renovated & expanded upon in 2005, has everything you need to enjoy the island as your primary home, vacation getaway, or investment opportunity. The expansive & welcoming composite deck is perfect for entertaining or settling in to watch the sunsets. French doors bring you into the open concept living/dining areas w/ gleaming HW floors. The kitchen, w/ granite counters & SS appliances, has plenty of storage. There are three bedrooms, two full baths (one on each level), & den/office that could be another bedroom. Light pours in from the windows that are perfectly placed to grab views of the Great Marsh from almost every room. All this with plenty of parking & a triple lot. Newer roof, furnace & water heater. Short distance to the beach, Sunset Grill, Plum Island Provisions & new restaurants set to open this year. Expansive views of the marsh, Newburyport and beyond.
| |||
| Sep 28, 1992 | Sold | ||
| Sold | |||
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Property Highlights
Parking Available
Building Info
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