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Essex 01969
509 Wethersfield St
$215,000
● House - Off Market

509 Wethersfield St

Rowley, MA 01969
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,372 Ft²
$343,726
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

Investors and contractors take a look.  Opportunity awaits to bring this home back to life.  Great layout including an open kitchen and large living room and 2 good sized bedrooms.  Really nice lot close to highways, beaches and schools.  Home needs extensive work before it can be lived in.
Unit Size
1,372 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$171
Property Type
House
Property Taxes
$381
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72592355)

Price History

Date / Event Date Event Price
Sep 14, 2021 Sold
Premium
Sold
Aug 17, 2021 Listed by Rowley Realty $449,900
Listed by Rowley Realty
Dec 13, 2019 Sold
Premium
Sold
Nov 14, 2019 Listed by Rowley Realty $235,000
Listed by Rowley Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 868
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,264
  • Total Building Area: 1,372
  • Gross Building Area: 2,451
  • Building Area: 1,372
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,372
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000236
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 270100

Geography

  • Parcel: ROWL M:0011 B:0066 L:0000
  • Block: 66
  • Municipality: ROWLEY
  • Latitude: 42.7275
  • Longitude: -70.921

    Address

  • Full Address: 509 Wethersfield St
  • Address - House Number: 509
  • Address - Street Name: Wethersfield
  • Address - Suffix Type: St
  • State: MA
  • City Name: Rowley
  • Carrier Code: R002
  • 4-Digit Zip Code: 1611
  • Zip Code: 01969

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $583,000

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 573,818
  • High Value: 671,800
  • Low Value: 475,836

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $481,800
  • Assessed Land Value: $216,900
  • Assessed Improvements Value: $264,900

    Sales

  • Current Sale Contract Date: Sep 14, 2021
  • Current Sale Recording Date: Sep 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210914003070
  • Previous Sale Recording Date: Dec 13, 2019
  • Previous Sale Contract Date: Dec 11, 2019
  • Previous Sale Amount: $215,000
  • 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

2522 ft²

Average Home Age

72.8 years

Currently For Sale

1493 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 146 Elm, Newbury, 01922

$2,795 /mo

  • 2 Beds
  • 1 Bath
  • 1,700 ft²
146 Elm, Newbury, 01922

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72592355

Frequently Asked Questions

When was property at 509 Wethers Field Street built and last sold?
The property at 509 Wethers Field Street was built in 1960 and last sold on Sep 14, 2021 for $515,000.
How much is this home worth?
The estimated value of the home located at 509 Wethers Field Street is $460,658.
What are some comparable homes to 509 Wethers Field Street?
There are currently no comparable homes to 509 Wethers Field Street.
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