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Essex 01951
8 Old Rowley Rd
$475,000
● House - Off Market

8 Old Rowley Rd

Newbury, MA 01951
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,901 Ft²
$899,821
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model

About This Property

Privacy and tranquility describe the marshview setting of this unique 7 room log home surrounded by porches and a deck.  The versatile floor plan provides a first floor master.   The oversized cathedral ceilinged living room has both a fireplace and wood stove for extra warmth and charm, a slider to the porch, and lovely built-in book case.  The kitchen features a jennaire stove built into an island and a large pantry closet. The formal dining room slider brings the lovely view to enhance the dining experience. The second floor includes a skylit family room overlooking the living room, two bedrooms, and updated bath with soaking tub. A charming retreat.  This is a lovely surprise.
Unit Size
1,901 Ft²
Days on Market
-
Land Size
1.15 acres
Price per sqft
$255
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1985

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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 #71689727)

Price History

Date / Event Date Event Price
Jul 25, 2014 Sold
Premium
Sold
May 30, 2014 Listed by William Raveis the Dolores Person $485,000
Listed by William Raveis the Dolores Person
Feb 20, 1996 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 9
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,176
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,094
  • Total Building Area: 1,901
  • Gross Building Area: 4,238
  • Building Area: 1,901
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,901
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001150
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: AR4

Geography

  • Parcel: NEWB M:0R05 B:0000 L:0046B
  • Lot: 46B
  • Municipality: NEWBURY
  • Latitude: 42.756
  • Longitude: -70.8563

    Address

  • Full Address: 8 Old Rowley Rd
  • Address - House Number: 8
  • Address - Street Name: Old Rowley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Newbury
  • Carrier Code: C012
  • 4-Digit Zip Code: 2501
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $488,600

    Appraisal Valuation

  • Standard Deviation: 0.1522
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 796,605
  • High Value: 917,921
  • Low Value: 675,288

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $636,200
  • Assessed Land Value: $285,400
  • Assessed Improvements Value: $350,800

    Sales

  • Current Sale Recording Date: Jul 25, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 72500300
  • Previous Sale Recording Date: Feb 20, 1996
  • Previous Sale Amount: $215,000
  • 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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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# 71689727

Frequently Asked Questions

When was property at 8 Old Rowley Road built and last sold?
The property at 8 Old Rowley Road was built in 1985 and last sold on Jan 1, 1970 for $475,000.
How much is this home worth?
The estimated value of the home located at 8 Old Rowley Road is $503,509.
What are some comparable homes to 8 Old Rowley Road?
There are currently no comparable homes to 8 Old Rowley Road.
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