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Essex
8 Central Street
Photo of 8 Central Street
Sold on Nov 14, 2005

1

Map

$265,000
● House - Off Market

8 Central Street

Merrimac, MA 01860
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$465,548
RealtyHop Estimate
72.49%
Since Dec 1, 2005
National-US
Primary Model

About This Property

Absolutely delightful colonial just outside Merrimac Square.  Quaint dollhouse with wood flooring, great newer kitchen and bath, natural woodwork, pretty entrance porch, cute manageable yard, just a really nice home.  Move in condition and ready to go.  One of 5 houses in neighborhood built for workers at the Merrimac Carriage Factory in l876.  Don't miss this one.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$268
Property Type
House
Property Taxes
$125
HOA Dues
-
Year Built
1876

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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: 6 months ago (MLSPIN #70267138)

Price History

Date / Event Date Event Price
Nov 14, 2005 Sold
Premium
Sold
Sep 26, 2005 Listed $269,900
Listed
Mar 17, 1995 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1876
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 432
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,322
  • Total Building Area: 899
  • Gross Building Area: 1,524
  • Building Area: 899
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 899
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000053
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: VR

Geography

  • District: 180
  • Parcel: MERR M:0007 B:0003 L:00014
  • Block: 3
  • Lot: 14
  • Municipality: MERRIMAC
  • Latitude: 42.8316
  • Longitude: -71.003

    Address

  • Full Address: 8 Central St
  • Address - House Number: 8
  • Address - Street Name: Central
  • Address - Suffix Type: St
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C004
  • 4-Digit Zip Code: 1919
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $391,000

    Appraisal Valuation

  • Standard Deviation: 0.1621
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 54
  • Final Value: 500,382
  • High Value: 655,629
  • Low Value: 345,135

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $289,600
  • Assessed Land Value: $138,000
  • Assessed Improvements Value: $151,600

    Sales

  • Current Sale Recording Date: Nov 14, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 17, 1995
  • Previous Sale Amount: $98,000
  • Previous Sale Document Type: 27
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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2501 ft²

Average Home Age

73.3 years

Currently For Sale

1412 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: 6 months ago
Data Source: MLS PIN, MLS# 70267138

Frequently Asked Questions

When was property at 8 Central Street built and last sold?
The property at 8 Central Street was built in 1876 and last sold on Jan 1, 1970 for $265,000.
How much is this home worth?
The estimated value of the home located at 8 Central Street is $279,730.
What are some comparable homes to 8 Central Street?
There are currently no comparable homes to 8 Central Street.
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