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Essex
7 School St
Photo of 7 School St
Sold on Aug 14, 2009

1

Map

$280,000
● House - Off Market

7 School St

Georgetown, MA 01833
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,448 Ft²
$600,038
RealtyHop Estimate
107.63%
Since Sep 1, 2009
National-US
Primary Model

About This Property

Ready to Go short sale APPROVED BY BANK BUT BUYER BACKED AWAY.  ALL PAPERWORK IN PLACE.  ONLY 1 LIEN HOLDER; SHORT SALE NEGOTIATOR WORKING WITH SELLER.   Lots of room in this 4 bedroom colonial within close proximity to downtown, schools, commuter routes and public transportation.  Newer 28' x 19' fireplaced family room and fenced yard make this home a great find that with some work has much potential.  Sale subject to 3rd party approval: short sale.  BRING OFFER!!
Unit Size
2,448 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$118
Property Type
House
Property Taxes
$306
HOA Dues
-
Year Built
1880

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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: 4 months ago (MLSPIN #70851237)

Price History

Date / Event Date Event Price
Aug 14, 2009 Sold
Premium
Sold
Nov 29, 2008 Listed $289,000
Listed
Jun 29, 1995 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,000
  • Total Building Area: 2,448
  • Gross Building Area: 3,298
  • Building Area: 2,448
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,448
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000275
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265101

Geography

  • District: 105
  • Parcel: GEOR M:0006C B:00000 L:00124
  • Lot: 124
  • Municipality: GEORGETOWN
  • Latitude: 42.7249
  • Longitude: -70.9937

    Address

  • Full Address: 7 School St
  • Address - House Number: 7
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Georgetown
  • Carrier Code: C033
  • 4-Digit Zip Code: 2050
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $568,500

    Appraisal Valuation

  • Standard Deviation: 0.2239
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 69
  • Final Value: 726,412
  • High Value: 889,115
  • Low Value: 563,709

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $453,000
  • Assessed Land Value: $157,300
  • Assessed Improvements Value: $295,700

    Sales

  • Current Sale Recording Date: Aug 14, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 29, 1995
  • Previous Sale Amount: $188,700
  • 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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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 8 Hemlock, Groveland, 01834

$5,500 /mo

  • 4 Beds
  • 2 Baths
  • 3,680 ft²
8 Hemlock, Groveland, 01834 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# 70851237

Frequently Asked Questions

When was property at 7 School Street built and last sold?
The property at 7 School Street was built in 1880 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 7 School Street is $322,922.
What are some comparable homes to 7 School Street?
There are currently no comparable homes to 7 School Street.
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