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Essex 01951
7 Pine Island Road
Photo of 7 Pine Island Road
Sold on Dec 1, 2010

1

Map

$440,000
● House - Off Market

7 Pine Island Road

Newbury, MA 01951
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,449 Ft²
$1,049,941
RealtyHop Estimate
123.44%
Since Jan 1, 2011
National-US
Primary Model

About This Property

Charming Cape on scenic dead end street offers flexibility in its floor plan. Perfect set up for single level living w/ spacious living area, 2 beds, full bath and laundry on the 1st floor or share the residence with extended family in the 3-rm living quarters on the upper level complete with kitchen, laundry, sitting room, bedroom and full bath. Large 1.5 car garage w/ loft above. Level acre lot, fruit trees, lawns, gardens and 2 driveways. Minutes to the Parker River and Newburyport.
Unit Size
2,449 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$192
Property Type
House
Property Taxes
$360
HOA Dues
-
Year Built
1985

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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: 12 months ago (MLSPIN #71136167)

Price History

Date / Event Date Event Price
Dec 1, 2010 Sold
Premium
Sold
Sep 13, 2010 Listed by Coldwell Banker Residential Brokerage - Manchester $469,900
Listed by Coldwell Banker Residential Brokerage - Manchester

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,304
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,312
  • Gross Building Area: 4,991
  • Building Area: 3,312
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,312
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ANTHONY KNAPP & PHILIP KNAPP
  • Land Acres: 0000001000
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

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

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0R32 B:0000 L:00022
  • Lot: 22
  • Municipality: NEWBURY
  • Latitude: 42.7794
  • Longitude: -70.841

    Address

  • Full Address: 7 Pine Island Rd
  • Address - House Number: 7
  • Address - Street Name: Pine Island
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Newbury
  • Carrier Code: C012
  • 4-Digit Zip Code: 1804
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $593,300

    Appraisal Valuation

  • Standard Deviation: 0.1611
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 931,417
  • High Value: 1,081,481
  • Low Value: 781,352

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $772,500
  • Assessed Land Value: $326,700
  • Assessed Improvements Value: $445,800

    Sales

  • Current Sale Recording Date: Dec 01, 2010
  • Current Sale Price:
    Premium
  • Current 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:

$699,900

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

Click here to view more rentals in the neighborhood.
Last Updated: 12 months ago
Data Source: MLS PIN, MLS# 71136167

Frequently Asked Questions

When was property at 7 Pine Island Road built and last sold?
The property at 7 Pine Island Road was built in 1985 and last sold on Jan 1, 1970 for $440,000.
How much is this home worth?
The estimated value of the home located at 7 Pine Island Road is $0.
What are some comparable homes to 7 Pine Island Road?
There are currently no comparable homes to 7 Pine Island Road.
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