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Essex
76 Pearson Drive
$695,000
● House - Off Market

76 Pearson Drive

Newbury, MA 01922
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,862 Ft²
$655,061
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Welcome home to Pearson Drive! This four bedroom Garrison home is not to be missed!  Features include an upgraded kitchen, tiled bathrooms, pellet stove in the living room, and hardwood floors. Entertain in the dining room, and exercise in the family/bonus room that has exterior access to the outdoors. Outside enjoy the large yard with mature gardens, raspberry and blackberry patches, a relaxing hot tub, and a chicken coop. The chickens are negotiable! This home has solar panels, and is south facing, which contribute to the low electric bills. Triton school district, with parks and trails close-by. Open Houses March 26th & March 27th 1:00-3:00 PM. See you there!
Unit Size
1,862 Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$349
Property Type
House
Property Taxes
$404
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: 4 months ago (MLSPIN #72955901)

Price History

Date / Event Date Event Price
May 10, 2022 Sold
Premium
Sold
Mar 22, 2022 Listed by Stone Ridge Properties, Inc. $650,000
Listed by Stone Ridge Properties, Inc.
May 27, 2016 Sold
Premium
Sold
Sep 15, 2005 Sold
Premium
Sold
May 9, 2005 Listed by Stone Ridge Properties, Inc. $429,000
Listed by Stone Ridge Properties, Inc.
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Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 7
  • Basement Area: 912
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,151
  • Total Building Area: 1,862
  • Gross Building Area: 3,143
  • Building Area: 1,862
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,862
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHFIIELDS
  • Land Acres: 0000000623
  • 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:00088
  • Lot: 88
  • Municipality: NEWBURY
  • Latitude: 42.7571
  • Longitude: -70.9301

    Address

  • Full Address: 76 Pearson Dr
  • Address - House Number: 76
  • Address - Street Name: Pearson
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Byfield
  • Carrier Code: R001
  • 4-Digit Zip Code: 1430
  • Zip Code: 01922

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $494,000

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 766,143
  • High Value: 895,685
  • Low Value: 636,602

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $643,200
  • Assessed Land Value: $315,700
  • Assessed Improvements Value: $327,500

    Sales

  • Current Sale Contract Date: May 09, 2022
  • Current Sale Recording Date: May 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220510001700
  • Previous Sale Recording Date: May 27, 2016
  • Previous Sale Amount: $425,000
  • 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

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

Unit for rent at 146 Elm, Newbury, 01922

$2,795 /mo

  • 2 Beds
  • 1 Bath
  • 1,700 ft²
146 Elm, Newbury, 01922

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72955901

Frequently Asked Questions

When was property at 76 Pearson Drive built and last sold?
The property at 76 Pearson Drive was built in 1981 and last sold on May 9, 2022 for $695,000.
How much is this home worth?
The estimated value of the home located at 76 Pearson Drive is $651,702.
What are some comparable homes to 76 Pearson Drive?
There are currently no comparable homes to 76 Pearson Drive.
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