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Essex
8 Old Jacobs Rd
$140,000
● House - Off Market

8 Old Jacobs Rd

Georgetown, MA 01833
bedrooms
1 Bed
bathrooms
1 Bath
square feet
351 Ft²
$215,247
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

TINY HOME LIVING!  Make your dreams of a tiny home come true.  Nicely appointed with new floors, gas stove and bathroom fixtures.  Located on a nearly 1/3 acre lot in a neighborhood surrounded by larger homes and the Pentucket Pond Reservoir at the end of the street.  Soil tests on file with the Board of Health show positive signs for a larger septic tank. Check with the building department with your plans to expand or rebuild, or live in the house as-is!  Located just minutes to downtown Georgetown with restaurants and shops.  Easy access to Route 95.  Shown by appointment only.
Unit Size
351 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$567
Property Type
House
Property Taxes
$193
HOA Dues
-
Year Built
1929

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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 months ago (MLSPIN #72926571)

Price History

Date / Event Date Event Price
Jan 28, 2022 Sold
Premium
Sold
Dec 9, 2021 Listed by Churchill Properties $199,000
Listed by Churchill Properties
Nov 15, 2019 Sold
Premium
Sold
Oct 20, 2019 Listed by Churchill Properties $69,900
Listed by Churchill Properties
Dec 18, 1992 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 16
  • Floor Count: 100
  • 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: 11,920
  • Total Building Area: 351
  • Gross Building Area: 445
  • Building Area: 351
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 14
  • Heated Square Feet: 351
  • Heating Fuel Type: 9

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000274
  • 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: 265101

Geography

  • District: 105
  • Parcel: GEOR M:0007A B:00000 L:00022
  • Lot: 22
  • Municipality: GEORGETOWN
  • Latitude: 42.7355
  • Longitude: -71.0084

    Address

  • Full Address: 8 Old Jacobs Rd
  • Address - House Number: 8
  • Address - Street Name: Old Jacobs
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R015
  • 4-Digit Zip Code: 1008
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $245,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1776
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 77
  • Final Value: 230,364
  • High Value: 271,283
  • Low Value: 189,444

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $195,200
  • Assessed Land Value: $155,700
  • Assessed Improvements Value: $39,500

    Sales

  • Current Sale Contract Date: Jan 26, 2022
  • Current Sale Recording Date: Jan 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220128001250
  • Previous Sale Recording Date: Nov 15, 2019
  • Previous Sale Contract Date: Nov 15, 2019
  • Previous Sale Amount: $81,000
  • Previous 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

2534 ft²

Average Home Age

73 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

Unit for rent at 8 Hemlock, Groveland, 01834

$5,000 /mo

  • 4 Beds
  • 2 Baths
  • 3,680 ft²
8 Hemlock, Groveland, 01834 Listing by Tami Mallett

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72926571

Frequently Asked Questions

When was property at 8 Old Jacobs Road built and last sold?
The property at 8 Old Jacobs Road was built in 1929 and last sold on Jan 26, 2022 for $140,000.
How much is this home worth?
The estimated value of the home located at 8 Old Jacobs Road is $191,757.
What are some comparable homes to 8 Old Jacobs Road?
There are currently no comparable homes to 8 Old Jacobs Road.
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