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Essex
685 Bay Road
$680,000
● House - Off Market

685 Bay Road

Hamilton, MA 01982
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,749 Ft²
$678,199
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

Hamilton 3 bedroom Cape on a large flat fenced-in corner lot. There have been many recent interior improvements including granite countertops and stainless appliances. This flowing floor plan combines the kitchen and dining areas and connect to a comfortable living area with hardwood floors and a wood burning fireplace with insert. There are two bedrooms on the main level and a full bath. The finished second floor ads another full bath, spacious main bedroom and a bonus room. Septic was installed in 2006 and is Title 5 approved. A wonderful mudroom area connect the house to a one car garage. FIRST SHOWINGS WILL BEGIN FRIDAY 10-12 AND AN OPEN HOUSE WILL BE SATURDAY 12-2. ALL OFFERS WILL BE DUE BY MONDAY 4/3 5PM.
Unit Size
1,749 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$386
Property Type
House
Property Taxes
$801
HOA Dues
-
Year Built
1952

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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: 5 months ago (MLSPIN #73092659)

Price History

Date / Event Date Event Price
May 26, 2023 Sold
Premium
Sold
Apr 4, 2023 In contract -
In contract
Mar 29, 2023 Listed by Churchill Properties $675,000
Listed by Churchill Properties
Dec 29, 2006 Sold
Premium
Sold
Oct 20, 2006 Listed by Churchill Properties $349,900
Listed by Churchill Properties

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 960
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,871
  • Total Building Area: 1,749
  • Gross Building Area: 3,341
  • Building Area: 1,749
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,749
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAMILTON
  • Land Acres: 0000000227
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hamilton-Wenham School District
  • Census Tract: 215101

Zoning

  • Zoning: R1A

Geography

  • Account Number: 2133
  • Parcel: HAMI M:40 B:29
  • Block: 29
  • Lot: 29
  • Municipality: HAMILTON
  • Latitude: 42.6253
  • Longitude: -70.8519

    Address

  • Full Address: 685 Bay Rd
  • Address - House Number: 685
  • Address - Street Name: Bay
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: South Hamilton
  • Carrier Code: C007
  • 4-Digit Zip Code: 1006
  • Zip Code: 01982

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $993,200

    Appraisal Valuation

  • Standard Deviation: 0.1726
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 750,463
  • High Value: 880,190
  • Low Value: 620,736

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $657,300
  • Assessed Land Value: $325,300
  • Assessed Improvements Value: $332,000

    Sales

  • Current Sale Contract Date: May 26, 2023
  • Current Sale Recording Date: May 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230526001450
  • Previous Sale Recording Date: Dec 29, 2006
  • Previous Sale Amount: $325,000
  • 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:

$699,900

Sale Price/ft²

$383

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2478 ft²

Average Home Age

73.5 years

Currently For Sale

1429 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73092659

Frequently Asked Questions

When was property at 685 Bay Road built and last sold?
The property at 685 Bay Road was built in 1952 and last sold on May 26, 2023 for $680,000.
How much is this home worth?
The estimated value of the home located at 685 Bay Road is $683,843.
What are some comparable homes to 685 Bay Road?
There are currently no comparable homes to 685 Bay Road.
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