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Essex
7 Central Street
$370,000
● House - Off Market

7 Central Street

Merrimac, MA 01860
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,338 Ft²
$329,454
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Great opportunity for contractor or buyers willing to put some love and sweat equity into this well loved home. Great location close to highways, town and shopping. First floor bedroom possible, with 3 more upstairs. Plenty of storage and a nice fenced in yard. Fireplace under mantle in Living Room is covered up - no idea if it is working or accessibe. Buyers to do all their own due diligence. Home being Sold "AS IS,  AS SEEN" House will be empty upon close. PLEASE FOLLOW SHOWING INSTRUCTIONS under Firm remarks
Unit Size
1,338 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$243
Property Type
House
Property Taxes
$458
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 #72943526)

Price History

Date / Event Date Event Price
Apr 5, 2022 Sold
Premium
Sold
Feb 16, 2022 Listed by Keller Williams Realty Evolution $325,000
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 825
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,342
  • Total Building Area: 1,338
  • Gross Building Area: 2,850
  • Building Area: 1,338
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,338
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000146
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: VR

Geography

  • District: 180
  • Parcel: MERR M:0007 B:0001 L:00017
  • Block: 1
  • Lot: 17
  • Municipality: MERRIMAC
  • Latitude: 42.8319
  • Longitude: -71.0028

    Address

  • Full Address: 7 Central St
  • Address - House Number: 7
  • Address - Street Name: Central
  • Address - Suffix Type: St
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C004
  • 4-Digit Zip Code: 1918
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $554,200

    Appraisal Valuation

  • Standard Deviation: 0.179
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 479,098
  • High Value: 564,682
  • Low Value: 393,513

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $410,500
  • Assessed Land Value: $267,300
  • Assessed Improvements Value: $143,200

    Sales

  • Current Sale Contract Date: Apr 04, 2022
  • Current Sale Recording Date: Apr 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20220405001390
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

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2523 ft²

Average Home Age

72.6 years

Currently For Sale

1457 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: 5 months ago
Data Source: MLS PIN, MLS# 72943526

Frequently Asked Questions

When was property at 7 Central Street built and last sold?
The property at 7 Central Street was built in 1900 and last sold on Apr 4, 2022 for $370,000.
How much is this home worth?
The estimated value of the home located at 7 Central Street is $343,529.
What are some comparable homes to 7 Central Street?
There are currently no comparable homes to 7 Central Street.
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