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Essex
51 Old Jacobs Rd
$290,000
● House - Off Market

51 Old Jacobs Rd

Georgetown, MA 01833
bedrooms
3 Beds
bathrooms
1 Bath
square feet
926 Ft²
$474,507
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

***MULTIPLE OFFER NOTIFICATION *** SELLER HAS RECEIVED MULTIPLE OFFERS . HAS REQUESTED HIGHEST & BEST OFFERS BY 10 AM ON 1/5/17. SEE ATTACHED FORM. Looking to live in Georgetown? Come see this 3 bedroom ranch on residential side street .Enjoy the country setting and convenience of easy access to major routes. Does need your designing touches to make this house a home. Will not pass FHA , VA or MA Housing Guidelines. Would be a good candidate for Renovation Loan.  Buyer to do their due diligence.This property is eligible under the Freddie Mac First Look Initiative through 01/11/2017.See attached required documents to submit with offers and pre-approval. HAPPY HOLIDAYS!
Unit Size
926 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$308
Property Type
House
Property Taxes
$364
HOA Dues
-
Year Built
1961

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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 #72103167)

Price History

Date / Event Date Event Price
Feb 21, 2017 Sold
Premium
Sold
Dec 22, 2016 Listed by Tache Real Estate, Inc. $284,900
Listed by Tache Real Estate, Inc.
May 31, 2001 Sold
Premium
Sold
Dec 7, 2000 Listed by Tache Real Estate, Inc. $214,900
Listed by Tache Real Estate, Inc.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,500
  • Total Building Area: 1,214
  • Gross Building Area: 2,126
  • Building Area: 1,214
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,214
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000379
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265101

Geography

  • District: 105
  • Parcel: GEOR M:0007B B:00000 L:00019
  • Lot: 19
  • Municipality: GEORGETOWN
  • Latitude: 42.7375
  • Longitude: -71.0015

    Address

  • Full Address: 51 Old Jacobs Rd
  • Address - House Number: 51
  • Address - Street Name: Old Jacobs
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R015
  • 4-Digit Zip Code: 1011
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $647,200

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 554,495
  • High Value: 642,080
  • Low Value: 466,910

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $515,700
  • Assessed Land Value: $223,800
  • Assessed Improvements Value: $291,900

    Sales

  • Current Sale Recording Date: Feb 21, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 335
  • Previous Sale Recording Date: May 31, 2001
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: 27
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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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 8 Hemlock, Groveland, 01834

$5,500 /mo

  • 4 Beds
  • 2 Baths
  • 3,680 ft²
8 Hemlock, Groveland, 01834 Listing by Tami Mallett

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72103167

Frequently Asked Questions

When was property at 51 Old Jacobs Road built and last sold?
The property at 51 Old Jacobs Road was built in 1961 and last sold on Jan 1, 1970 for $290,000.
How much is this home worth?
The estimated value of the home located at 51 Old Jacobs Road is $289,055.
What are some comparable homes to 51 Old Jacobs Road?
There are currently no comparable homes to 51 Old Jacobs Road.
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