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Essex 01966
8 Mckay's Drive
$670,000
● House - Off Market

8 Mckay's Drive

Rockport, MA 01966
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,200 Ft²
$3,885
Est. Monthly

About This Property

NEW PHOTOS!  Open House Saturday! This is a warm and inviting well cared for home with wonderful attention to detail and texture.  Hard to find one level living if desired with Hardwood flooring throughout, custom trim and moldings, built in bookcases, finished lower level will double your living space as large family room, studio, or home office with separate entrance. Ideal for  in-laws or teens.  Needs bathroom renovations and fresh paint throughout.  Open living concept for today's lifestyles.  Private back deck with song birds and wildlife.  Located on a residential cul de sac to either a short walk or simple drive to downtown village, Shalin Lui Concert Hall, minutes to the village, beaches, parks, restaurants, woodland trails, quarries and commuter rail.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$583
Property Type
House
Property Taxes
$452
HOA Dues
-
Year Built
1968

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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 #73231266)

Price History

Date / Event Date Event Price
Oct 23, 2024 Sold
Premium
Sold
May 1, 2024 Listed by Holly C & Co. Fine Homes $699,000
Listed by Holly C & Co. Fine Homes
NEW PHOTOS! Open House Saturday! This is a warm and inviting well cared for home with wonderful attention to detail and texture. Hard to find one level living if desired with Hardwood flooring throughout, custom trim and moldings, built in bookcases, finished lower level will double your living space as large family room, studio, or home office with separate entrance. Ideal for in-laws or teens. Needs bathroom renovations and fresh paint throughout. Open living concept for today's lifestyles. Private back deck with song birds and wildlife. Located on a residential cul de sac to either a short walk or simple drive to downtown village, Shalin Lui Concert Hall, minutes to the village, beaches, parks, restaurants, woodland trails, quarries and commuter rail.
Jun 12, 1997 Sold
Premium
Sold
Feb 4, 1997 Listed by Holly C & Co. Fine Homes $179,000
Listed by Holly C & Co. Fine Homes
Jan 8, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,200
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,974
  • Total Building Area: 1,200
  • Gross Building Area: 2,816
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: R3

Geography

  • Account Number: 908
  • District: 252
  • Parcel: ROCK M:11 B:52J
  • Block: 52J
  • Lot: 52J
  • Municipality: ROCKPORT
  • Latitude: 42.6588
  • Longitude: -70.6288

    Address

  • Full Address: 8 Mckays Dr
  • Address - House Number: 8
  • Address - Street Name: Mckays
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Rockport
  • Carrier Code: C007
  • 4-Digit Zip Code: 1404
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $542,200

    Appraisal Valuation

  • Standard Deviation: 0.1533
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 693,899
  • High Value: 800,290
  • Low Value: 587,508

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $643,900
  • Assessed Land Value: $301,200
  • Assessed Improvements Value: $342,700

    Sales

  • Current Sale Recording Date: Jun 12, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 08, 1993
  • Previous Sale Amount: $150,000
  • 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

2532 ft²

Average Home Age

72 years

Currently For Sale

1468 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73231266

Frequently Asked Questions

When was property at 8 McKay's Drive built and last sold?
The property at 8 McKay's Drive was built in 1968 and last sold on Jan 1, 1970 for $175,000.
How much is this home worth?
The estimated value of the home located at 8 McKay's Drive is $695,302.
What are some comparable homes to 8 McKay's Drive?
There are currently no comparable homes to 8 McKay's Drive.
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