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Essex
71 Pearson Drive
$413,000
● House - Off Market

71 Pearson Drive

Newbury, MA 01922
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,703 Ft²
$777,371
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model

About This Property

Park like setting for this pristine Cape in desirable cul-de-sac neighborhood.  This exceptional home offers hardwood flooring, central air conditioning, new windows, whole house fan, security system, Vermont Casting wood stove, and updated kitchen and baths.  The cathedral ceiling family room overlooks a private, tranquil yard that is a bird lovers sanctuary.  Close proximity to beautiful Plum Island beaches.   Nothing to do but move in and put your feet up.
Unit Size
1,703 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$246
Property Type
House
Property Taxes
$316
HOA Dues
-
Year Built
1981

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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 #71684461)

Price History

Date / Event Date Event Price
Aug 25, 2021 Sold
Premium
Sold
Jul 7, 2021 Listed by Coldwell Banker Residential Brokerage - Newburyport $575,000
Listed by Coldwell Banker Residential Brokerage - Newburyport
Jul 31, 2014 Sold
Premium
Sold
May 20, 2014 Listed by Coldwell Banker Residential Brokerage - Newburyport $419,000
Listed by Coldwell Banker Residential Brokerage - Newburyport
Apr 30, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 6
  • 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: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,418
  • Total Building Area: 2,111
  • Gross Building Area: 3,342
  • Building Area: 2,111
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,111
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHFIELD
  • Land Acres: 0000000538
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0R20 B:0000 L:00083
  • Lot: 83
  • Municipality: NEWBURY
  • Latitude: 42.7579
  • Longitude: -70.9296

    Address

  • Full Address: 71 Pearson Dr
  • Address - House Number: 71
  • Address - Street Name: Pearson
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Byfield
  • Carrier Code: R001
  • 4-Digit Zip Code: 1429
  • Zip Code: 01922

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $528,500

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 764,474
  • High Value: 881,808
  • Low Value: 647,140

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $688,200
  • Assessed Land Value: $308,200
  • Assessed Improvements Value: $380,000

    Sales

  • Current Sale Contract Date: Aug 25, 2021
  • Current Sale Recording Date: Aug 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210825001410
  • Previous Sale Recording Date: Jul 31, 2014
  • Previous Sale Amount: $413,000
  • Previous Sale Document Type: O
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

2558 ft²

Average Home Age

72.5 years

Currently For Sale

1466 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: 5 months ago
Data Source: MLS PIN, MLS# 71684461

Frequently Asked Questions

When was property at 71 Pearson Drive built and last sold?
The property at 71 Pearson Drive was built in 1981 and last sold on Aug 25, 2021 for $656,000.
How much is this home worth?
The estimated value of the home located at 71 Pearson Drive is $579,344.
What are some comparable homes to 71 Pearson Drive?
There are currently no comparable homes to 71 Pearson Drive.
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