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Essex 01951
56 Boston Road
Photo of 56 Boston Road

1

Map

$470,000
● House - Off Market

56 Boston Road

Newbury, MA 01951
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,771 Ft²
$2,655
Est. Monthly

About This Property

SUN-FILLED Colonial surrounded by nature, yet minutes to downtown Nbpt features a wood burning fireplace and comfort for all. The current owners have lovingly improved the home with a finished 3rd floor family room, extensive landscaping to take full advantage of the huge fenced in back yard for afternoon ball games or just lounging. Take advantage of the Parker River, Ould Town Hill, Upper and Lower Greens, all located within 2-3 miles of this home, or bike to the beach for the afternoon!
Unit Size
2,771 Ft²
Days on Market
-
Land Size
4.54 acres
Price per sqft
$170
Property Type
House
Property Taxes
$347
HOA Dues
-
Year Built
1990

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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: 3 months ago (MLSPIN #71179468)

Price History

Date / Event Date Event Price
Dec 31, 2020 Sold
Premium
Sold
Oct 15, 2020 Listed by William Raveis the Dolores Person $615,000
Listed by William Raveis the Dolores Person
May 21, 2013 Sold
Premium
Sold
Mar 12, 2013 Listed by William Raveis the Dolores Person $465,000
Listed by William Raveis the Dolores Person
Jan 17, 2011 Listed by William Raveis the Dolores Person $470,000
Listed by William Raveis the Dolores Person
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 416
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 197,762
  • Total Building Area: 2,340
  • Gross Building Area: 4,358
  • Building Area: 2,340
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,340
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004540
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • School Tax School District: TRITON SD
  • Census Tract: 269100

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0R35 B:0000 L:0011A
  • Lot: 11A
  • Municipality: NEWBURY
  • Latitude: 42.7826
  • Longitude: -70.8724

    Address

  • Full Address: 56 Boston Rd
  • Address - House Number: 56
  • Address - Street Name: Boston
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Newbury
  • Carrier Code: C023
  • 4-Digit Zip Code: 1600
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $553,600

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 832,348
  • High Value: 959,875
  • Low Value: 704,822

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $720,800
  • Assessed Land Value: $315,100
  • Assessed Improvements Value: $405,700

    Sales

  • Current Sale Contract Date: Dec 16, 2020
  • Current Sale Recording Date: Dec 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201231002870
  • Previous Sale Recording Date: May 21, 2013
  • Previous Sale Amount: $435,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2521 ft²

Average Home Age

73.7 years

Currently For Sale

1419 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: 3 months ago
Data Source: MLS PIN, MLS# 71179468

Frequently Asked Questions

When was property at 56 Boston Road built and last sold?
The property at 56 Boston Road was built in 1990 and last sold on Dec 16, 2020 for $612,300.
How much is this home worth?
The estimated value of the home located at 56 Boston Road is $637,486.
What are some comparable homes to 56 Boston Road?
There are currently no comparable homes to 56 Boston Road.
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