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Essex 01951
8 Harvard Way
$530,000
● House - Off Market

8 Harvard Way

Newbury, MA 01951
bedrooms
6 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,583 Ft²
$1,231,227
RealtyHop Estimate
120.26%
Since May 1, 2012
National-US
Primary Model

About This Property

Enjoy a wonderful lifestyle on Plum Island, in this large home with full basement and 2-car garage -- plus the added bonus of a legal 4-room income apartment (would make a great in-law apt too)!    Super location, on the south side of the Island, one block from the beach and the Refuge.  LEGAL TWO FAMILY - so many options!!!  Home needs updating.  Contact listing agent for additional details.
Unit Size
2,583 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$216
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
1958

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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: 5 months ago (MLSPIN #71322610)

Price History

Date / Event Date Event Price
Apr 26, 2012 Sold
Premium
Sold
Jan 2, 2012 Listed by RE/MAX On The River, Inc. $559,000
Listed by RE/MAX On The River, Inc.

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,764
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,392
  • Total Building Area: 3,251
  • Gross Building Area: 5,405
  • Building Area: 3,251
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,251
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HENRY J BECKER JR
  • Land Acres: 0000000330
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Triton School District
  • School Tax School District: TRITON SD
  • Census Tract: 269100

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0U01 B:0000 L:00053
  • Lot: 53
  • Municipality: NEWBURY
  • Latitude: 42.7936
  • Longitude: -70.8084

    Address

  • Full Address: 8 Harvard Way
  • Address - House Number: 8
  • Address - Street Name: Harvard
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Newbury
  • Carrier Code: C011
  • 4-Digit Zip Code: 2109
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,071,700

    Appraisal Valuation

  • Standard Deviation: 0.1611
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,315,529
  • High Value: 1,527,480
  • Low Value: 1,103,579

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,395,400
  • Assessed Land Value: $625,700
  • Assessed Improvements Value: $769,700

    Sales

  • Current Sale Recording Date: Apr 26, 2012
  • Current Sale Price:
    Premium
  • Current 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

2537 ft²

Average Home Age

72.4 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71322610

Frequently Asked Questions

When was property at 8 Harvard Way built and last sold?
The property at 8 Harvard Way was built in 1958 and last sold on Jan 1, 1970 for $530,000.
How much is this home worth?
The estimated value of the home located at 8 Harvard Way is $562,785.
What are some comparable homes to 8 Harvard Way?
There are currently no comparable homes to 8 Harvard Way.
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