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Essex 01951
7 High Road
$575,000
● House - Off Market

7 High Road

Newbury, MA 01951
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,934 Ft²
$955,307
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

Bordering the South end of Newburyport and steps to the Newbury Green, this is a rare opportunity to own this wonderful antique that features an oversized barn. Inviting open living space (spacious eat in kitchen, dining & living room), that's perfect for entertaining. Master bedroom suite with several guest bedrooms and large walk in closet. Notable updates include glistening wood floors throughout, brand new 1st floor Pottery Barn style full bathroom, decorative wall paper and gorgeous granite steps and landscaping. Rare 2 story barn that has multiple options. Sun filled three season porch, basement storage, private yard and close distance to the Rail trail, Joppa and downtown Newburyport. A wonderful value.
Unit Size
1,934 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$310
Property Type
House
Property Taxes
$378
HOA Dues
-
Year Built
1870

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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 #72186847)

Price History

Date / Event Date Event Price
Sep 21, 2017 Sold
Premium
Sold
Jun 21, 2017 Listed by Stone Ridge Properties, Inc. $599,900
Listed by Stone Ridge Properties, Inc.
Sep 21, 2015 Sold
Premium
Sold
Jul 15, 2015 Listed by Stone Ridge Properties, Inc. $450,000
Listed by Stone Ridge Properties, Inc.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 1,015
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,701
  • Total Building Area: 1,986
  • Gross Building Area: 3,910
  • Building Area: 1,986
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,986
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000223
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • School Tax School District: TRITON SD
  • Census Tract: 269100

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0U06 B:0000 L:00024
  • Lot: 24
  • Municipality: NEWBURY
  • Latitude: 42.8007
  • Longitude: -70.8626

    Address

  • Full Address: 7 High Rd
  • Address - House Number: 7
  • Address - Street Name: High
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Newbury
  • Carrier Code: C031
  • 4-Digit Zip Code: 1235
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $502,500

    Appraisal Valuation

  • Standard Deviation: 0.203
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 928,430
  • High Value: 1,116,964
  • Low Value: 739,896

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $654,300
  • Assessed Land Value: $333,400
  • Assessed Improvements Value: $320,900

    Sales

  • Current Sale Recording Date: Sep 21, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 296
  • Previous Sale Recording Date: Sep 21, 2015
  • Previous Sale Amount: $440,000
  • Previous Sale Document Type: O
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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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 16 Chestnut, Newburyport, 01950

$3,700 /mo

  • 2 Beds
  • 1 Bath
  • 2,706 ft²
16 Chestnut, Newburyport, 01950 Listing by Tami Mallett

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72186847

Frequently Asked Questions

When was property at 7 High Road built and last sold?
The property at 7 High Road was built in 1870 and last sold on Jan 1, 1970 for $575,000.
How much is this home worth?
The estimated value of the home located at 7 High Road is $611,030.
What are some comparable homes to 7 High Road?
There are currently no comparable homes to 7 High Road.
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