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Essex
8 Charles Street
$330,000
● House - Off Market

8 Charles Street

Georgetown, MA 01833
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,488 Ft²
$532,338
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Nestled in the Wonderful Community of Georgetown sits this Ranch style home. This property is in need of a renovation/update but would be well worth the effort!  Lots of hardwood floors, fireplace in the living room, 3 bedrooms, 2 car garage with family room above, 2.5 baths, full basement and more.  The seller is in the process of  installing a new 3 bedroom septic system which will be completed by close. The acre lot is a real gem with mature plantings and trees!  This would make a great Winter project for a Contractor/Handyman or Homeowner looking to build sweat equity.  Close to commuter routes and all the area has to offer. Please call to set up your own private viewing today!
Unit Size
1,488 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$235
Property Type
House
Property Taxes
$488
HOA Dues
-
Year Built
1961

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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 #72420877)

Price History

Date / Event Date Event Price
Dec 28, 2018 Sold
Premium
Sold
Nov 7, 2018 Listed by Coldwell Banker Residential Brokerage - Topsfield $349,900
Listed by Coldwell Banker Residential Brokerage - Topsfield

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,000
  • Total Building Area: 1,488
  • Gross Building Area: 3,494
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000918
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265102

Geography

  • District: 105
  • Parcel: GEOR M:00018 B:00000 L:00005
  • Lot: 5
  • Municipality: GEORGETOWN
  • Latitude: 42.7452
  • Longitude: -70.9591

    Address

  • Full Address: 8 Charles St
  • Address - House Number: 8
  • Address - Street Name: Charles
  • Address - Suffix Type: St
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R008
  • 4-Digit Zip Code: 1107
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $663,300

    Appraisal Valuation

  • Standard Deviation: 0.1832
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 610,394
  • High Value: 722,244
  • Low Value: 498,544

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $528,500
  • Assessed Land Value: $212,100
  • Assessed Improvements Value: $316,400

    Sales

  • Current Sale Contract Date: Dec 08, 2018
  • Current Sale Recording Date: Dec 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20181228002590
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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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: 4 months ago
Data Source: MLS PIN, MLS# 72420877

Frequently Asked Questions

When was property at 8 Charles Street built and last sold?
The property at 8 Charles Street was built in 1961 and last sold on Dec 8, 2018 for $330,000.
How much is this home worth?
The estimated value of the home located at 8 Charles Street is $365,361.
What are some comparable homes to 8 Charles Street?
There are currently no comparable homes to 8 Charles Street.
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