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Essex 01952
7 Trout Way
$365,000
● House - Off Market

7 Trout Way

Salisbury, MA 01952
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,522 Ft²
$519,564
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

Situated near the end of a short cul-de-sac street, this light and bright split level is ready for its new owner.  Immaculately clean and neat with an updated kitchen that flows to a lovely dining room.  The dining room sliders open to a very good sized deck that overlooks a spacious back yard.  3 bedrooms, 1 bathroom, and a living room complete the first floor.  There is a pull down staircase to an attic for storage.  The lower level consists of a large comfy family room with built in bar, an office, and a large laundry room.  The family room opens to a screened porch that sits under the deck.  There is also a large shed on the property for additional storage.  Trout Way is close to Salisbury center and Salisbury Beach.  It is convenient to the highways and to NH shopping.
Unit Size
1,522 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$236
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1974

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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 #72605516)

Price History

Date / Event Date Event Price
Feb 25, 2020 Sold
Premium
Sold
Jan 8, 2020 Listed by Bean Group $359,900
Listed by Bean Group
Apr 1, 1988 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 960
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 19,998
  • Total Building Area: 1,714
  • Gross Building Area: 3,228
  • Building Area: 1,714
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,714
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 267102

Zoning

  • Zoning: R2

Geography

  • Account Number: 123/57
  • Parcel: SALI M:20 P: 64
  • Municipality: SALISBURY
  • Latitude: 42.8495
  • Longitude: -70.8624

    Address

  • Full Address: 7 Trout Way
  • Address - House Number: 7
  • Address - Street Name: Trout
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Salisbury
  • Carrier Code: R001
  • 4-Digit Zip Code: 1502
  • Zip Code: 01952

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $456,000

    Appraisal Valuation

  • Standard Deviation: 0.1841
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 536,807
  • High Value: 635,687
  • Low Value: 437,928

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $436,400
  • Assessed Land Value: $185,400
  • Assessed Improvements Value: $251,000

    Sales

  • Current Sale Contract Date: Feb 25, 2020
  • Current Sale Recording Date: Feb 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200225001890
  • Previous Sale Recording Date: Apr 01, 1988
  • Previous Sale Amount: $165,900
  • 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 238 Lafayette, Salisbury, 01952

$2,100 /mo

  • Studio
  • 1 Bath
  • 461 ft²
238 Lafayette #105, Salisbury, 01952 Listing by Patrick Carey
Unit for rent at 246 South Main, Seabrook, 03874

$1,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,120 ft²
246 South Main, Seabrook, 03874 Listing by Robert Gilman

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72605516

Frequently Asked Questions

When was property at 7 Trout Way built and last sold?
The property at 7 Trout Way was built in 1974 and last sold on Feb 25, 2020 for $365,000.
How much is this home worth?
The estimated value of the home located at 7 Trout Way is $377,241.
What are some comparable homes to 7 Trout Way?
There are currently no comparable homes to 7 Trout Way.
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