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Essex
7 Pine Street
Photo of 7 Pine Street
Sold on Oct 29, 2009

1

Map

$301,000
● House - Off Market

7 Pine Street

Merrimac, MA 01860
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,885 Ft²
$650,782
RealtyHop Estimate
110.00%
Since Nov 1, 2009
National-US
Primary Model

About This Property

Welcome Home! Here's your Heart's Desire on a side street near the Sweetsir School & Merrimac Center. Plenty of Space in this Lovingly Maintained 3 BR Farmhouse plus walk-up Attic. Detached Barn/Garage with Workshop, Loft & Storage. Large Fenced, Maple Tree-Shaded Yard w Summer Screen House & 47' Enclosed doggie exercise area. Recent Updates: Full Bath, Replacement Windows, Vinyl Siding, Furnace & Hot Water Tank. A New England Icon!
Unit Size
1,885 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$164
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1880

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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 #70963098)

Price History

Date / Event Date Event Price
Oct 29, 2009 Sold
Premium
Sold
Aug 18, 2009 Listed $309,900
Listed
Jun 18, 1998 Sold
Premium
Sold
Mar 16, 1998 Listed $189,900
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 702
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,525
  • Total Building Area: 2,396
  • Gross Building Area: 3,784
  • Building Area: 2,396
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,396
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000356
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: VR

Geography

  • District: 180
  • Parcel: MERR M:0005 B:0002 L:00007
  • Block: 2
  • Lot: 7
  • Municipality: MERRIMAC
  • Latitude: 42.8368
  • Longitude: -71.0067

    Address

  • Full Address: 7 Pine St
  • Address - House Number: 7
  • Address - Street Name: Pine
  • Address - Suffix Type: St
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C001
  • 4-Digit Zip Code: 1413
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $759,200

    Appraisal Valuation

  • Standard Deviation: 0.2127
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 656,007
  • High Value: 795,207
  • Low Value: 516,808

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $562,400
  • Assessed Land Value: $279,000
  • Assessed Improvements Value: $283,400

    Sales

  • Current Sale Recording Date: Oct 29, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 18, 1998
  • Previous Sale Amount: $187,500
  • 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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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: 4 months ago
Data Source: MLS PIN, MLS# 70963098

Frequently Asked Questions

When was property at 7 Pine Street built and last sold?
The property at 7 Pine Street was built in 1880 and last sold on Jan 1, 1970 for $301,000.
How much is this home worth?
The estimated value of the home located at 7 Pine Street is $334,476.
What are some comparable homes to 7 Pine Street?
There are currently no comparable homes to 7 Pine Street.
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