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Essex 01929
6 Eastern Ave
$245,000
● House - Off Market

6 Eastern Ave

Essex, MA 01929
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,067 Ft²
$471,224
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

Picture me with fresh paint and shutters...This 2 bed... bath and a half antique has had many improvements from the chimney to the roof to the removal os asbestos  siding..many newer windows..heat..hot water etc..the first  floor is an open floor plan. with.living room.. large kitchen with wood stove  and 1/2 bath all with updates  there is a mud room off the back The 2nd floor has 2 bedrooms and a full bath ...there is a walk up attic.. Enjoy the marsh views from your back deck and the western sky from the front porch Many projects started need finishing..so if you are handy this is the house for you...
Unit Size
1,067 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$261
Property Type
House
Property Taxes
$397
HOA Dues
-
Year Built
1750

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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 #71958846)

Price History

Date / Event Date Event Price
Oct 15, 2021 Sold
Premium
Sold
Aug 20, 2021 Listed by J. Barrett & Company $519,000
Listed by J. Barrett & Company
Aug 12, 2016 Sold
Premium
Sold
Feb 13, 2016 Listed by J. Barrett & Company $279,000
Listed by J. Barrett & Company
Dec 31, 2001 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1750
  • Effective Year Built: 1750
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • 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: 440
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,165
  • Total Building Area: 1,067
  • Gross Building Area: 1,877
  • Building Area: 1,067
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,067
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lawrence School District
  • Census Tract: 222100

Zoning

  • Zoning: RS2

Geography

  • Account Number: 1566
  • Parcel: ESSE M:136 L:20
  • Lot: 20
  • Municipality: ESSEX
  • Latitude: 42.6293
  • Longitude: -70.7705

    Address

  • Full Address: 6 Eastern Ave
  • Address - House Number: 6
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Essex
  • Carrier Code: R002
  • 4-Digit Zip Code: 1306
  • Zip Code: 01929

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $645,800

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 565,788
  • High Value: 657,178
  • Low Value: 474,397

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $465,300
  • Assessed Land Value: $286,400
  • Assessed Improvements Value: $178,900

    Sales

  • Current Sale Contract Date: Oct 15, 2021
  • Current Sale Recording Date: Oct 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211015003090
  • Previous Sale Recording Date: Aug 12, 2016
  • Previous Sale Amount: $245,000
  • 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:

$782,000

Sale Price/ft²

$477

Below Asking

0.03%

Average Days on Market

51

Average Home Size

2380 ft²

Average Home Age

92.6 years

Currently For Sale

8 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71958846

Frequently Asked Questions

When was property at 6 Eastern Avenue built and last sold?
The property at 6 Eastern Avenue was built in 1750 and last sold on Oct 15, 2021 for $510,000.
How much is this home worth?
The estimated value of the home located at 6 Eastern Avenue is $513,355.
What are some comparable homes to 6 Eastern Avenue?
There are currently no comparable homes to 6 Eastern Avenue.
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