Essex
55 Pearson Drive #11CHESTNUT
12
Map
$1,050,000
●
House -
In Contract
55 Pearson Drive #11CHESTNUT
Newbury, MA 01922
3 Beds
2 Baths,
1
Half Bath
2,368 Ft²
$5,416
Est. Monthly
$260
HOA / Fees
About This Property
THIS HOUSE IS TO BE BUILT. PHOTOS ARE OF A PREVIOUSLY BUILT
HOME. WELCOME TO THE VILLAGE AT CRICKET LANE! A NEW DEVELOPMENT
AHEAD OF THE CURVE FEATURING ENERGY-EFFICIENT, ALL-ELECTRIC HOMES
COMPLETE WITH SOLAR PANELS. EACH HOME IS A SINGLE-FAMILY HOME IN A
CONDO COMMUNITY OFFERING THE BEST OF BOTH WORLDS, PERSONAL SPACE
WITH EASE OF CARE. (FOLLOW GPS TO 55 PEARSON DRIVE, NEWBURY, MA.
THE ENTRANCE TO CRICKET LANE IS NEXT TO THIS PROPERTY.) THIS
24 HOME NEIGHBORHOOD IS LOCATED IN THE DESIRABLE TOWN OF NEWBURY,
MA. NOT ONLY DOES NEWBURY HAVE A VERY LOW TAX RATE ($7.45/1,000),
BUT IT IS PERFECTLY LOCATED JUST 1.9 MILES TO RTE 95, 6.3 MILES TO
DOWNTOWN NEWBURYPORT AND A SHORT 10 MINUTE SCENIC DRIVE TO PLUM
ISLAND. THE HOMES ARE SEMI-CUSTOM, INCLUDE GENEROUS ALLOWANCES AND
MANY UPGRADED FEATURES. ALL HOMES HAVE OPTIONS TO COMPLETE THE
ATTIC AND/OR BASEMENT AREAS.
Unit Size
2,368 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$443
Property Type
House
Property Taxes
-
HOA Dues
$260
Year Built
1983
Listed By
Renee Johnson
Applewood Realty
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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 #73459591)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 18, 2026 | In contract | - | |
| In contract | |||
| Dec 3, 2025 | Listed by Applewood Realty | $1,050,000 | |
| Listed by Applewood Realty | |||
| May 3, 2018 | Sold | ||
| Sold | |||
Property Highlights
Garage
Parking Available
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Garage Door Opener, Off Street, Paved
Garage Spaces: 2
Open Parking Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: High Speed Internet Hookup, Home Office
Appliances: Electric Water Heater, Water Heater, ENERGY STAR Qualified Dishwasher, Range Hood, Range, Plumbed For Ice Maker
Flooring Type: Tile, Carpet, Hardwood, Flooring - Hardwood
Door Features: French Doors, Insulated Doors
Laundry Features: Electric Dryer Hookup, Washer Hookup, Flooring - Stone/Ceramic Tile, First Floor
Rooms: 6
Basement: Full, Walk-Out Access, Unfinished
Exterior Details
Square Footage: 2368
Square Footage Source: $0
Architectural Style: Colonial
Year Built Source: Builder
Year Built: 2026
Building Area Total: 2368
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch, Deck - Composite
Lot Features: Cul-De-Sac, Wooded, Gentle Sloping
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Lot Size Square Feet: 5330
Water Source: Public
Utilities Details
Cooling Type: ENERGY STAR Qualified Equipment, Air Source Heat Pumps (ASHP)
Heating Type: ENERGY STAR Qualified Equipment, Air Source Heat Pumps (ASHP)
Sewer : Private Sewer
Location Details
HOA Fee: $260
HOA Fee Frequency: Monthly
Building Info
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