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Essex 01951
75 Pine Island Rd
$340,000
● House - Off Market

75 Pine Island Rd

Newbury, MA 01951
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,456 Ft²
$774,517
RealtyHop Estimate
115.80%
Since Nov 1, 2012
National-US
Primary Model

About This Property

A fabulous location for this sweet Cottage with unobstructed views of the Marsh is just amazing! Truly a treasure, this home has been lovingly cared for by the same owner for over 60 years. The open concept living is a true surprise and very pleasing. Skylights, built-ins, a cathedral ceiling in the kitchen and a three season porch make for very versatile living. New roof and Weil Mclain furnace, newer windows and an out building are only a few of the amenities.
Unit Size
1,456 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$247
Property Type
House
Property Taxes
$315
HOA Dues
-
Year Built
1910

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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 #71392893)

Price History

Date / Event Date Event Price
Oct 30, 2012 Sold
Premium
Sold
Jun 6, 2012 Listed by RE/MAX On The River, Inc. $358,900
Listed by RE/MAX On The River, Inc.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 26
  • Exterior Walls Type: 18
  • 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: 607
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,998
  • Total Building Area: 1,269
  • Gross Building Area: 2,177
  • Building Area: 1,269
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,269
  • Heating Fuel Type: 6

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

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0R31 B:0000 L:00001
  • Lot: 1
  • Municipality: NEWBURY
  • Latitude: 42.7797
  • Longitude: -70.8291

    Address

  • Full Address: 75 Pine Island Rd
  • Address - House Number: 75
  • Address - Street Name: Pine Island
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Newbury
  • Carrier Code: C012
  • 4-Digit Zip Code: 1804
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $567,800

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 817,250
  • High Value: 949,259
  • Low Value: 685,241

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $739,300
  • Assessed Land Value: $480,300
  • Assessed Improvements Value: $259,000

    Sales

  • Current Sale Recording Date: Oct 30, 2012
  • Current Sale Price:
    Premium
  • Current 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

2532 ft²

Average Home Age

73 years

Currently For Sale

1479 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71392893

Frequently Asked Questions

When was property at 75 Pine Island Road built and last sold?
The property at 75 Pine Island Road was built in 1910 and last sold on Jan 1, 1970 for $340,000.
How much is this home worth?
The estimated value of the home located at 75 Pine Island Road is $373,507.
What are some comparable homes to 75 Pine Island Road?
There are currently no comparable homes to 75 Pine Island Road.
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