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Essex 01966
LOT 8 Hillside
$55,000
● Land - Off Market

LOT 8 Hillside

Rockport, MA 01966
bedrooms
Studio
bathrooms
0 Bath
$169,900
RealtyHop Estimate
208.91%
Since Feb 1, 2000
National-US
Primary Model

About This Property

LOT IS LOCATED IN A NICE QUITE NEIGHORHOOD
Unit Size
-
Days on Market
-
Land Size
0.94 acres
Price per sqft
-
Property Type
Land
Property Taxes
$44
HOA Dues
-
Year Built
1890

Payment Calculator

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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 years ago (MLSPIN #30162935)

Price History

Date / Event Date Event Price
Jul 17, 2023 Sold
Premium
Sold
Jan 7, 2000 Sold
Premium
Sold
Apr 27, 1997 Listed $55,000
Listed
Sep 16, 1993 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 962
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,606
  • Total Building Area: 2,541
  • Gross Building Area: 4,742
  • Building Area: 2,541
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,541
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000450
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Rockport School District
  • School Tax School District: ROCKPORT SD
  • Census Tract: 220102

Zoning

  • Zoning: R3

Geography

  • Account Number: 140
  • District: 252
  • Parcel: ROCK M:3 B:2
  • Block: 2
  • Lot: 2
  • Municipality: ROCKPORT
  • Latitude: 42.674
  • Longitude: -70.6346

    Address

  • Full Address: 8 Hillside Rd
  • Address - House Number: 8
  • Address - Street Name: Hillside
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Rockport
  • Carrier Code: C001
  • 4-Digit Zip Code: 1219
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $579,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2542
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 756,135
  • High Value: 934,938
  • Low Value: 577,333

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $688,200
  • Assessed Land Value: $218,700
  • Assessed Improvements Value: $469,500

    Sales

  • Current Sale Contract Date: Jul 07, 2023
  • Current Sale Recording Date: Jul 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230717003500
  • Previous Sale Recording Date: Sep 08, 2004
  • Previous Sale Document Type: 48

    Financing

  • First Mortgage Financing Type: ADJ
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 years ago
Data Source: MLS PIN, MLS# 30162935

Frequently Asked Questions

When was property at 8 Hillside Road built and last sold?
The property at 8 Hillside Road was built in 1890 and last sold on Jul 7, 2023 for $750,000.
How much is this home worth?
The estimated value of the home located at 8 Hillside Road is $0.
What are some comparable homes to 8 Hillside Road?
There are currently no comparable homes to 8 Hillside Road.
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