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Essex 01952
7 Elizabeth Way
$475,000
● House - Off Market

7 Elizabeth Way

Salisbury, MA 01952
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,800 Ft²
$731,821
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

SPACIOUS COLONIAL WITH  8 ROOMS. FEATURED ON MAIN LEVEL  IS  EAT IN KITCHEN,GRANITE COUNTERS & ISLAND WITH SLIDER TO SIDE DECK, FAMILY ROOM, LIVING ROOM WITH GAS FIREPLACE, DINING ROOM, 1/2 BATH,& LAUNDRY. 2ND LEVEL HAS A MASTER SUITE WITH WALK-IN CLOSET & PRIVATE BATH, 3 OTHER SPACIOUS BEDROOMS,& FULL BATH. ALL WITH HARDWOOD FLOORING & TILE IN KITCHEN. FULL BASEMENT WITH UNLIMITED POTENTIAL FOR MANY USES. ALL THIS ON OVER AN ACRE OF LAND WITH ABOVE GROUND POOL ON A  CUL- DE -SAC. A MUST SEE! NOT A DRIVE-BY!
Unit Size
2,800 Ft²
Days on Market
-
Land Size
1.11 acres
Price per sqft
$178
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
2005

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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 #72532030)

Price History

Date / Event Date Event Price
Oct 29, 2019 Sold
Premium
Sold
Jul 9, 2019 Listed by Danvers Real Estate $499,651
Listed by Danvers Real Estate
May 25, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,288
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 48,556
  • Total Building Area: 2,576
  • Gross Building Area: 4,096
  • Building Area: 2,576
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,576
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 267102

Zoning

  • Zoning: R1

Geography

  • Account Number: 371/24
  • Parcel: SALI M:12 P: 135
  • Municipality: SALISBURY
  • Latitude: 42.8806
  • Longitude: -70.8942

    Address

  • Full Address: 7 Elizabeth Way
  • Address - House Number: 7
  • Address - Street Name: Elizabeth
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Salisbury
  • Carrier Code: R002
  • 4-Digit Zip Code: 1005
  • Zip Code: 01952

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $582,400

    Appraisal Valuation

  • Standard Deviation: 0.2143
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 693,250
  • High Value: 841,835
  • Low Value: 544,665

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $557,300
  • Assessed Land Value: $184,700
  • Assessed Improvements Value: $372,600

    Sales

  • Current Sale Contract Date: Oct 29, 2019
  • Current Sale Recording Date: Oct 29, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191029005120
  • Previous Sale Recording Date: May 25, 2005
  • Previous Sale Amount: $180,000
  • 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:

$699,500

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2546 ft²

Average Home Age

72.5 years

Currently For Sale

1487 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

Unit for rent at 45 Weare, 03844

$5,200 /mo

  • 3 Beds
  • 1,722 ft²
45 Weare, 03844
Unit for rent at 21 Folly Mill, Seabrook, 03874

$2,400 /mo

  • 2 Beds
  • 1 Bath
  • 756 ft²
21 Folly Mill #5E, Seabrook, 03874 Listing by Jarad Gagnon

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72532030

Frequently Asked Questions

When was property at 7 Elizabeth Lane built and last sold?
The property at 7 Elizabeth Lane was built in 2005 and last sold on Oct 29, 2019 for $475,000.
How much is this home worth?
The estimated value of the home located at 7 Elizabeth Lane is $531,905.
What are some comparable homes to 7 Elizabeth Lane?
There are currently no comparable homes to 7 Elizabeth Lane.
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