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Essex
59 Elm Street
$610,000
● House - Off Market

59 Elm Street

Newbury, MA 01922
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,399 Ft²
$1,091,471
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model

About This Property

Set upon a beautifully landscaped hill, this spacious Cape offers much that today's home buyers request. It has an open floor plan with a soaring living room ceiling, dining area and kitchen with granite counters. The first floor master has a large walk in closet and a spacious bath room. There is also a study, laundry room/pantry and mud room which leads to a large 2 car garage with an enormous 2nd floor storage space. The two large bedrooms on the 2nd floor, with a shared bath, complete the well-designed floor plan. All this on an acre of beautiful lawn and gardens which can be enjoyed from the generous deck with an outdoor fireplace or from the delightful screened porch.
Unit Size
3,399 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$181
Property Type
House
Property Taxes
$476
HOA Dues
-
Year Built
1992

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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: 4 months ago (MLSPIN #71845867)

Price History

Date / Event Date Event Price
Sep 4, 2015 Sold
Premium
Sold
May 28, 2015 Listed by William Raveis the Dolores Person $615,000
Listed by William Raveis the Dolores Person
Mar 29, 1999 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • 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: 4
  • Exterior Walls Type: 19
  • 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: 1,782
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 210,830
  • Total Building Area: 3,399
  • Gross Building Area: 7,145
  • Building Area: 3,399
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,399
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004840
  • 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: AR40

Geography

  • Parcel: NEWB M:0R02 B:0000 L:00022
  • Lot: 22
  • Municipality: NEWBURY
  • Latitude: 42.7449
  • Longitude: -70.906

    Address

  • Full Address: 59 Elm St
  • Address - House Number: 59
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Byfield
  • Carrier Code: H001
  • 4-Digit Zip Code: 2813
  • Zip Code: 01922

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $786,000

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,092,996
  • High Value: 1,260,503
  • Low Value: 925,489

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,023,500
  • Assessed Land Value: $371,200
  • Assessed Improvements Value: $652,300

    Sales

  • Current Sale Recording Date: Sep 04, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Mar 29, 1999
  • Previous Sale Amount: $350,000
  • 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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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

Unit for rent at 146 Elm, Newbury, 01922

$2,795 /mo

  • 2 Beds
  • 1 Bath
  • 1,700 ft²
146 Elm, Newbury, 01922

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71845867

Frequently Asked Questions

When was property at 59 Elm Street built and last sold?
The property at 59 Elm Street was built in 1992 and last sold on Jan 1, 1970 for $610,000.
How much is this home worth?
The estimated value of the home located at 59 Elm Street is $658,885.
What are some comparable homes to 59 Elm Street?
There are currently no comparable homes to 59 Elm Street.
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