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Essex 01951
56 Old Point Rd
$390,000
● House - Off Market

56 Old Point Rd

Newbury, MA 01951
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,196 Ft²
$616,167
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Very quiet location with a stroll to the Basin, put in your kayak, go for a swim, sunbathe, fishing, walk the ocean beach, watch the sandpipers and terns diving for fish....relaxing, so relaxing.  Large sunny kitchen with classic beach cabinetry, island, with a sunroom and large deck, 12x12. Three bedrooms with hardwood (oak) in hallways and den, living room. Space in full basement for storage, tools, boats. Includes a generator for the stormy storms.    Reduced price.
Unit Size
1,196 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$339
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1955

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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 #72354120)

Price History

Date / Event Date Event Price
Dec 7, 2018 Sold
Premium
Sold
Jun 28, 2018 Listed by Stone Ridge Properties, Inc. $405,000
Listed by Stone Ridge Properties, Inc.
May 25, 1989 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Basement Area: 1,196
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,621
  • Total Building Area: 1,196
  • Gross Building Area: 2,680
  • Building Area: 1,196
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,196
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLUM ISLAND BEACH CO SEC 01 &
  • Land Acres: 0000000198
  • 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:0U05 B:0000 L:00092
  • Lot: 92
  • Municipality: NEWBURY
  • Latitude: 42.8037
  • Longitude: -70.8153

    Address

  • Full Address: 56 Old Point Rd
  • Address - House Number: 56
  • Address - Street Name: Old Point
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Newbury
  • Carrier Code: C011
  • 4-Digit Zip Code: 1326
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $657,900

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 828,087
  • High Value: 958,887
  • Low Value: 697,288

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $856,700
  • Assessed Land Value: $585,400
  • Assessed Improvements Value: $271,300

    Sales

  • Current Sale Contract Date: Dec 07, 2018
  • Current Sale Recording Date: Dec 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20181207003280
  • Previous Sale Recording Date: May 25, 1989
  • Previous Sale Amount: $119,000
  • 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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72354120

Frequently Asked Questions

When was property at 56 Old Point Road built and last sold?
The property at 56 Old Point Road was built in 1955 and last sold on Dec 7, 2018 for $390,000.
How much is this home worth?
The estimated value of the home located at 56 Old Point Road is $412,519.
What are some comparable homes to 56 Old Point Road?
There are currently no comparable homes to 56 Old Point Road.
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