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Essex
7 Old Neck Rd
$4,680,000
● House - Off Market

7 Old Neck Rd

Manchester, MA 01944
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
6,503 Ft²
$11,689,736
RealtyHop Estimate
112.54%
Since May 1, 2012
MA-Boston
Primary Model

About This Property

Magnificently Restored Victorian thoughtfully renovated for today's living and entertaining while maintaining the charm and character of the original period detail and historic design. Built circa 1868 this unique property is privately set on 2.73 landscaped acres, accented with stone walls, gardens, blue stone patio, and granite stairs. This beautiful estate includes a heated in ground pool, tennis court, and a seperately deeded Guest Cottage all with year round ocean views over Singing Beach.
Unit Size
6,503 Ft²
Days on Market
-
Land Size
2.73 acres
Price per sqft
$846
Property Type
House
Property Taxes
$3,744
HOA Dues
-
Year Built
1868

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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 #71194760)

Price History

Date / Event Date Event Price
Apr 20, 2012 Sold
Premium
Sold
Mar 3, 2011 Listed by J. Barrett & Company $5,500,000
Listed by J. Barrett & Company
Dec 28, 1994 Sold
Premium
Sold
Jul 1, 1994 Listed by J. Barrett & Company $940,000
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1868
  • Effective Year Built: 1868
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,490
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 81,592
  • Total Building Area: 6,050
  • Gross Building Area: 10,979
  • Building Area: 6,050
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 6,050
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARY C D WIGGLESWORTH
  • Land Acres: 0000001873
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Manchester Essex Regional School District
  • School Tax School District: MANCHSTR ESSEX
  • Census Tract: 218100

Zoning

  • Zoning: E

Geography

  • District: 166
  • Parcel: MANC M:0015 B:0000 L:0046
  • Lot: 46
  • Municipality: MANCHESTER
  • Latitude: 42.5722
  • Longitude: -70.7615

    Address

  • Full Address: 7 Old Neck Rd
  • Address - House Number: 7
  • Address - Street Name: Old Neck
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Manchester
  • Carrier Code: C004
  • 4-Digit Zip Code: 1565
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $3,646,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1611
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 67
  • Final Value: 4,137,390
  • High Value: 4,804,320
  • Low Value: 3,470,459

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $3,899,900
  • Assessed Land Value: $2,138,800
  • Assessed Improvements Value: $1,761,100

    Sales

  • Current Sale Recording Date: Apr 20, 2012
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 28, 1994
  • Previous Sale Amount: $869,000
  • 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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2549 ft²

Average Home Age

72.6 years

Currently For Sale

1470 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# 71194760

Frequently Asked Questions

When was property at 7 Old Neck Road built and last sold?
The property at 7 Old Neck Road was built in 1868 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7 Old Neck Road is $5,415,396.
What are some comparable homes to 7 Old Neck Road?
There are currently no comparable homes to 7 Old Neck Road.
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