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Essex
54 School
$695,000
● House - Off Market

54 School

Manchester, MA 01944
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,600 Ft²
$1,350,924
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

After 29 days on the market 54 School St is under agreement.  Serious back up offers will be accepted as sealed offers to be opened only if needed.  Both buyer and seller are excited for the future of this house. The buyers look forward to the opportunity to own a piece of Manchester history and to make a truly grand house  their home.
Unit Size
3,600 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$197
Property Type
House
Property Taxes
$595
HOA Dues
-
Year Built
1900

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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 months ago (MLSPIN #71529017)

Price History

Date / Event Date Event Price
Jul 31, 2013 Sold
Premium
Sold
May 20, 2013 Listed by Bean Group $710,000
Listed by Bean Group

Property Highlights

Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,211
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,509
  • Total Building Area: 2,904
  • Gross Building Area: 5,409
  • Building Area: 2,904
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,904
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000218
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Manchester Essex Regional School District
  • School Tax School District: MANCHSTR ESSEX
  • Census Tract: 218100

Zoning

  • Zoning: D

Geography

  • District: 166
  • Parcel: MANC M:0042 B:0000 L:0021
  • Lot: 21
  • Municipality: MANCHESTER
  • Latitude: 42.5788
  • Longitude: -70.7705

    Address

  • Full Address: 54 School St
  • Address - House Number: 54
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Manchester
  • Carrier Code: C003
  • 4-Digit Zip Code: 1342
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,031,200

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 1,441,248
  • High Value: 1,746,857
  • Low Value: 1,135,639

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,102,900
  • Assessed Land Value: $439,800
  • Assessed Improvements Value: $663,100

    Sales

  • Current Sale Recording Date: Jul 31, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 956
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:

$699,500

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2546 ft²

Average Home Age

72.5 years

Currently For Sale

1487 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71529017

Frequently Asked Questions

When was property at 54 School Street built and last sold?
The property at 54 School Street was built in 1900 and last sold on Jan 1, 1970 for $695,000.
How much is this home worth?
The estimated value of the home located at 54 School Street is $716,169.
What are some comparable homes to 54 School Street?
There are currently no comparable homes to 54 School Street.
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