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Essex 01969
62 Prospect St
$520,000
● House - Off Market

62 Prospect St

Rowley, MA 01969
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,319 Ft²
$882,512
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Bright and Spacious with a terrific back yard, natural setting with pond view, located on dead end street. Home has open concept with Kitchen, dining or sitting area which opens to deck. Family room with back yard views, study, Fireplace Living rm open to dining rm. 1st floor laundry and 1/2 bath. Master bedroom has walk in closet, bath with jacuzzi, 3 additional bedrooms and full bath.Full basement has potential for additional space. This home is a great home for entertaining. Not a drive by, come in and see what this home, land and setting has to offer.
Unit Size
3,319 Ft²
Days on Market
-
Land Size
1.09 acres
Price per sqft
$157
Property Type
House
Property Taxes
$675
HOA Dues
-
Year Built
1997

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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 #71950947)

Price History

Date / Event Date Event Price
Jun 13, 2016 Sold
Premium
Sold
Jan 21, 2016 Listed by Evelyn M. Noyes R. E. $519,900
Listed by Evelyn M. Noyes R. E.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,682
  • Total Building Area: 3,319
  • Gross Building Area: 6,934
  • Building Area: 3,319
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,319
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WENDY HOVEY
  • Land Acres: 0000001049
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 270100

Geography

  • Parcel: ROWL M:0015 B:0073 L:0002
  • Block: 73
  • Lot: 2
  • Municipality: ROWLEY
  • Latitude: 42.705
  • Longitude: -70.8853

    Address

  • Full Address: 62 Prospect St
  • Address - House Number: 62
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Rowley
  • Carrier Code: R003
  • 4-Digit Zip Code: 1805
  • Zip Code: 01969

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $997,000

    Appraisal Valuation

  • Standard Deviation: 0.1571
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 933,094
  • High Value: 1,079,521
  • Low Value: 786,667

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $824,000
  • Assessed Land Value: $274,600
  • Assessed Improvements Value: $549,400

    Sales

  • Current Sale Recording Date: Jun 13, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 365
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

2546 ft²

Average Home Age

73.2 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71950947

Frequently Asked Questions

When was property at 62 Prospect Street built and last sold?
The property at 62 Prospect Street was built in 1997 and last sold on Jan 1, 1970 for $520,000.
How much is this home worth?
The estimated value of the home located at 62 Prospect Street is $561,959.
What are some comparable homes to 62 Prospect Street?
There are currently no comparable homes to 62 Prospect Street.
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