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Essex 01951
7 Old Town Way
$330,000
● House - Off Market

7 Old Town Way

Newbury, MA 01952
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,850 Ft²
$956,599
RealtyHop Estimate
189.97%
Since Sep 1, 2000
National-US
Primary Model

About This Property

DESIREABLE LOCATION NEAR UPPER GREEN AND CONVENIENT TO TRAIN STATION. QUALITY HOME, HW FLRS, BUILT-INS. LIGHT AND BRIGHT, MOVE IN CONDITION.  PRIVATE, LANDSCAPED YARD WITH INGROUND POOL AND SCREENED PORCH.  AN EXCEPTIONAL PROPERTY.
Unit Size
1,850 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$178
Property Type
House
Property Taxes
$219
HOA Dues
-
Year Built
1967

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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 years ago (MLSPIN #30406861)

Price History

Date / Event Date Event Price
Aug 11, 2000 Sold
Premium
Sold
May 1, 2000 Listed $329,900
Listed
Sep 27, 1996 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,802
  • Total Building Area: 1,816
  • Gross Building Area: 3,120
  • Building Area: 1,816
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,816
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • 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:0U09 B:0000 L:00042
  • Lot: 42
  • Municipality: NEWBURY
  • Latitude: 42.7953
  • Longitude: -70.8671

    Address

  • Full Address: 7 Olde Town Way
  • Address - House Number: 7
  • Address - Street Name: Olde Town
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Newbury
  • Carrier Code: C023
  • 4-Digit Zip Code: 1117
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $489,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1672
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 78
  • Final Value: 791,955
  • High Value: 924,436
  • Low Value: 659,475

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $637,600
  • Assessed Land Value: $291,000
  • Assessed Improvements Value: $346,600

    Sales

  • Current Sale Recording Date: Aug 11, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 27, 1996
  • Previous Sale Amount: $207,500
  • 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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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: 4 years ago
Data Source: MLS PIN, MLS# 30406861

Frequently Asked Questions

When was property at 7 Old Town Way built and last sold?
The property at 7 Old Town Way was built in 1967 and last sold on Jan 1, 1970 for $330,000.
How much is this home worth?
The estimated value of the home located at 7 Old Town Way is $0.
What are some comparable homes to 7 Old Town Way?
There are currently no comparable homes to 7 Old Town Way.
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