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Essex
55 Forest Street
$615,000
● House - Off Market

55 Forest Street

Manchester, MA 01944
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,583 Ft²
$852,601
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Nestled at the end of a private drive, this darling 2 bedroom cottage awaits your touches. A spacious screened porch welcomes you at the private back entryway, leading to an eat-in kitchen, dining room, and a front to back living room with hardwood floors and a stone hearth fireplace creating a wonderful sense of warmth. Upstairs features 2 bedrooms, a den, and a full bath. Hardwood floors throughout. This flat private lot has a small barn for storage or workshop/hobbies. Enjoy the perennial gardens and bird watching from the quiet front porch. You simply won't find a more charming and private property in this price point while remaining relatively close to town and schools. This property is being sold as is. OFFERS WILL BE DUE ON TUESDAY 2/12/19 AT NOON.
Unit Size
1,583 Ft²
Days on Market
-
Land Size
0.96 acres
Price per sqft
$366
Property Type
House
Property Taxes
$554
HOA Dues
-
Year Built
1810

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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 #72449853)

Price History

Date / Event Date Event Price
Jul 24, 2020 Sold
Premium
Sold
Jun 13, 2019 Sold
Premium
Sold
Feb 6, 2019 Listed by J. Barrett & Company $580,000
Listed by J. Barrett & Company

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1810
  • Effective Year Built: 1810
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,155
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,866
  • Total Building Area: 1,583
  • Gross Building Area: 3,670
  • Building Area: 1,583
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,583
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000961
  • 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: A

Geography

  • District: 166
  • Parcel: MANC M:0035 B:0000 L:0030
  • Lot: 30
  • Municipality: MANCHESTER
  • Latitude: 42.5854
  • Longitude: -70.753

    Address

  • Full Address: 55 Forest St
  • Address - House Number: 55
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Manchester
  • Carrier Code: C006
  • 4-Digit Zip Code: 1254
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $756,100

    Appraisal Valuation

  • Standard Deviation: 0.2112
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 872,326
  • High Value: 1,053,816
  • Low Value: 690,836

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $808,700
  • Assessed Land Value: $429,900
  • Assessed Improvements Value: $378,800

    Sales

  • Current Sale Contract Date: Jul 17, 2020
  • Current Sale Recording Date: Jul 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200724005140
  • Previous Sale Recording Date: Jun 13, 2019
  • Previous Sale Contract Date: Jun 11, 2019
  • Previous Sale Amount: $615,000
  • 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

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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# 72449853

Frequently Asked Questions

When was property at 55 Forest Street built and last sold?
The property at 55 Forest Street was built in 1810 and last sold on Jul 17, 2020 for $670,000.
How much is this home worth?
The estimated value of the home located at 55 Forest Street is $592,119.
What are some comparable homes to 55 Forest Street?
There are currently no comparable homes to 55 Forest Street.
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