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Salisbury 01952
77 Ferry Rd
$375,000
● House - Off Market

77 Ferry Rd

Salisbury, MA 01952
bedrooms
2 Beds
bathrooms
1 Bath
square feet
944 Ft²
$371,310
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

This house is an unpolished GEM in a great location. Close to beaches, highways & the great downtown's of Salisbury, and Newburyport. Desirable one-floor living on a lovely lot complete with a large shed with workshop space & electricity. Imagine the possibilities. With a little paint and polish, this property will shine again! Two bedrooms & one full bath, an eat-in kitchen with gas cooking, a sunny family room plus a living room with a wood-burning stove make this a nice fit for a first-time homebuyer, or someone looking to downsize, or for a condo alternative. Hardwood floors throughout that are in very good shape, plus newer windows.  Why rent when you can own!?
Unit Size
944 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$371
Property Type
House
Property Taxes
$289
HOA Dues
-
Year Built
1964

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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 #73050254)

Price History

Date / Event Date Event Price
Dec 15, 2022 Sold
Premium
Sold
Nov 3, 2022 In contract -
In contract
Oct 20, 2022 Listed by Keller Williams Realty Evolution $350,000
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 944
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 944
  • Gross Building Area: 2,041
  • Building Area: 944
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 944
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 267104

Zoning

  • Zoning: R2

Geography

  • Account Number: 533/1961
  • Parcel: SALI M:15 P: 63
  • Municipality: SALISBURY
  • Latitude: 42.8269
  • Longitude: -70.8543

    Address

  • Full Address: 77 Ferry Rd
  • Address - House Number: 77
  • Address - Street Name: Ferry
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salisbury
  • Carrier Code: C017
  • 4-Digit Zip Code: 2609
  • Zip Code: 01952

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $365,100

    Appraisal Valuation

  • Standard Deviation: 0.1802
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 419,942
  • High Value: 495,623
  • Low Value: 344,261

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $349,400
  • Assessed Land Value: $180,900
  • Assessed Improvements Value: $168,500

    Sales

  • Current Sale Contract Date: Dec 15, 2022
  • Current Sale Recording Date: Dec 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20221215003660
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 Salisbury

Stats & Trends

Median Asking:

$615,000

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

68

Average Home Size

1650 ft²

Average Home Age

32.4 years

Currently For Sale

43 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# 73050254

Frequently Asked Questions

When was property at 77 Ferry Road built and last sold?
The property at 77 Ferry Road was built in 1964 and last sold on Dec 15, 2022 for $375,000.
How much is this home worth?
The estimated value of the home located at 77 Ferry Road is $360,490.
What are some comparable homes to 77 Ferry Road?
There are currently no comparable homes to 77 Ferry Road.
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