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Essex 01966
70 Phillips Avenue
Photo of 70 Phillips Avenue
Sold on Aug 22, 2008

1

Map

$600,000
● House - Off Market

70 Phillips Avenue

Rockport, MA 01966
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,589 Ft²
$1,206,914
RealtyHop Estimate
91.88%
Since Sep 1, 2008
National-US
Primary Model

About This Property

LOCATION - FLEXIBILITY - CHARMING - HISTORIC - SPACIOUS.  One of a kind - Antique Gothic Revival - Charming 3 bedroom home on a corner lot with attached 24 x 42 workshop/studio, plus 24 x 27 unfinished two story addition and 2 car garage.  Great family home plus office - large work space (Artist Mecca!)  PLUS - Oceanviews and public access through the Atlantic Path to ocean across the street.  Peacefully quiet too!!
Unit Size
2,589 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$243
Property Type
House
Property Taxes
$536
HOA Dues
-
Year Built
1850

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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: 5 months ago (MLSPIN #70765221)

Price History

Date / Event Date Event Price
Aug 22, 2008 Sold
Premium
Sold
May 21, 2008 Listed $629,000
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 23
  • 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: 25,099
  • Total Building Area: 3,683
  • Gross Building Area: 5,007
  • Building Area: 3,683
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,683
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000576
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Rockport School District
  • School Tax School District: ROCKPORT SD
  • Census Tract: 220102

Zoning

  • Zoning: R1

Geography

  • Account Number: 1390
  • District: 252
  • Parcel: ROCK M:15 B:112
  • Block: 112
  • Lot: 112
  • Municipality: ROCKPORT
  • Latitude: 42.6859
  • Longitude: -70.6229

    Address

  • Full Address: 70 Phillips Ave
  • Address - House Number: 70
  • Address - Street Name: Phillips
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Rockport
  • Carrier Code: C003
  • 4-Digit Zip Code: 1143
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $944,100

    Appraisal Valuation

  • Standard Deviation: 0.2183
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 1,138,609
  • High Value: 1,387,444
  • Low Value: 889,774

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,121,300
  • Assessed Land Value: $469,100
  • Assessed Improvements Value: $652,200

    Sales

  • Current Sale Recording Date: Aug 22, 2008
  • 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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70765221

Frequently Asked Questions

When was property at 70 Phillips Avenue built and last sold?
The property at 70 Phillips Avenue was built in 1850 and last sold on Jan 1, 1970 for $600,000.
How much is this home worth?
The estimated value of the home located at 70 Phillips Avenue is $654,889.
What are some comparable homes to 70 Phillips Avenue?
There are currently no comparable homes to 70 Phillips Avenue.
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