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Essex
77 Pearson Drive
$545,000
● House - Off Market

77 Pearson Drive

Newbury, MA 01922
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,768 Ft²
$774,499
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

MUST SEE COLONIAL set back from the road, with an expansive 4.16 acre lot. This lovely 3BR 2BA home also features a 4 car garage which has 3 drive-in entrances and an electronic hoist for any car enthusiasts. The freshly painted interior features beautiful hardwood floors, 3 spacious bedrooms, a first floor bonus room perfect for an office, and an open kitchen dining area with stainless steel appliances. The living room houses a tasteful brick wood burning fireplace and slider access to the exterior wooden deck. The exterior vinyl siding was done in 2009. Standing room, concrete floored basement walks out to side of the home. Just minutes from I-95 for commuting ease and Historic Downtown Newburyport this home sits on a lot with breathtaking views and limitless possibility for entertainment and landscaping.
Unit Size
1,768 Ft²
Days on Market
-
Land Size
4.16 acres
Price per sqft
$297
Property Type
House
Property Taxes
$443
HOA Dues
-
Year Built
1983

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72475198)

Price History

Date / Event Date Event Price
May 23, 2019 Sold
Premium
Sold
Apr 2, 2019 Listed by Cameron Prestige - Amesbury $525,000
Listed by Cameron Prestige - Amesbury

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 181,210
  • Total Building Area: 1,768
  • Gross Building Area: 2,818
  • Building Area: 1,768
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,768
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004160
  • 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:00086
  • Lot: 86
  • Municipality: NEWBURY
  • Latitude: 42.7565
  • Longitude: -70.9286

    Address

  • Full Address: 77 Pearson Dr
  • Address - House Number: 77
  • 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: $540,700

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 794,439
  • High Value: 916,372
  • Low Value: 672,506

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $704,000
  • Assessed Land Value: $352,400
  • Assessed Improvements Value: $351,600

    Sales

  • Current Sale Contract Date: May 16, 2019
  • Current Sale Recording Date: May 23, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190523002320
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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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# 72475198

Frequently Asked Questions

When was property at 77 Pearson Drive built and last sold?
The property at 77 Pearson Drive was built in 1983 and last sold on May 16, 2019 for $545,000.
How much is this home worth?
The estimated value of the home located at 77 Pearson Drive is $541,788.
What are some comparable homes to 77 Pearson Drive?
There are currently no comparable homes to 77 Pearson Drive.
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