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Essex 01929
62 Eastern Ave
$250,000
● Land - Off Market

62 Eastern Ave

Essex, MA 01929
bedrooms
Studio
bathrooms
0 Bath
$483,777
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Beautiful lot.with distant river views through the trees...it is tied in to public sewer for 6 bedrooms  per DPW..and the sewer betterment is PAID IN FULL .there is a dwelling on the lot in poor condition and only the land will be shown at this time. Please do not walk the land without the listing agent present..  An offer can be submitted subject to the buyer raising the  current dwelling..
Unit Size
-
Days on Market
-
Land Size
0.67 acres
Price per sqft
-
Property Type
Land
Property Taxes
$427
HOA Dues
-
Year Built
1900

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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: 5 months ago (MLSPIN #71975329)

Price History

Date / Event Date Event Price
Jun 23, 2016 Sold
Premium
Sold
Mar 20, 2016 Listed by J. Barrett & Company $285,000
Listed by J. Barrett & Company

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1980
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 9
  • Basement Area: 754
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,186
  • Total Building Area: 1,508
  • Gross Building Area: 2,418
  • Building Area: 1,508
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,508
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000670
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

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

Zoning

  • Zoning: RS2

Geography

  • Account Number: 1597
  • Parcel: ESSE M:127 L:15
  • Lot: 15
  • Municipality: ESSEX
  • Latitude: 42.632
  • Longitude: -70.7676

    Address

  • Full Address: 62 Eastern Ave
  • Address - House Number: 62
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Essex
  • Carrier Code: R002
  • 4-Digit Zip Code: 1329
  • Zip Code: 01929

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,324,400

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 918,201
  • High Value: 1,085,025
  • Low Value: 751,377

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $954,200
  • Assessed Land Value: $329,700
  • Assessed Improvements Value: $624,500

    Sales

  • Current Sale Recording Date: Jun 23, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 243

    Financing

  • First Mortgage Financing Type: ADJ
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:

$689,000

Sale Price/ft²

$481

Below Asking

0.04%

Average Days on Market

49

Average Home Size

2560 ft²

Average Home Age

96.9 years

Currently For Sale

7 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71975329

Frequently Asked Questions

When was property at 62 Eastern Avenue built and last sold?
The property at 62 Eastern Avenue was built in 1900 and last sold on Jan 1, 1970 for $250,000.
How much is this home worth?
The estimated value of the home located at 62 Eastern Avenue is $287,850.
What are some comparable homes to 62 Eastern Avenue?
There are currently no comparable homes to 62 Eastern Avenue.
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