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Essex
8 Sunset Terrace
$295,000
● House - Off Market

8 Sunset Terrace

Merrimac, MA 01860
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,970 Ft²
$802,774
RealtyHop Estimate
167.68%
Since Dec 1, 2001
National-US
Primary Model

About This Property

NEWLY PAINTED COLONIAL ON QUIET ST. FENCED IN YD, LG LV. RM ADDITION & DECK OFF MBR. LG.STORAGE SHED & 3 STALL GARAGE WITH LIFT AND LARGE SECOND FLOOR. GREAT HOUSE FOR KIDS AND PETS.FARMERS PORCH. PENTUCKET SCHOOLS. 5 MIN TO I-495
Unit Size
1,970 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$152
Property Type
House
Property Taxes
$218
HOA Dues
-
Year Built
1969

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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 #30521722)

Price History

Date / Event Date Event Price
Nov 15, 2001 Sold
Premium
Sold
Jul 7, 2001 Listed by Ed Madden Real Estate $299,900
Listed by Ed Madden Real Estate

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 805
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,641
  • Total Building Area: 2,005
  • Gross Building Area: 3,020
  • Building Area: 2,005
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,005
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MERRIMAC
  • Land Acres: 0000000336
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: SR

Geography

  • District: 180
  • Parcel: MERR M:0052 B:0001 L:001-P
  • Block: 1
  • Lot: 1-P
  • Municipality: MERRIMAC
  • Latitude: 42.8308
  • Longitude: -70.976

    Address

  • Full Address: 8 Sunset Ter
  • Address - House Number: 8
  • Address - Street Name: Sunset
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C002
  • 4-Digit Zip Code: 2420
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $732,800

    Appraisal Valuation

  • Standard Deviation: 0.153
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 633,112
  • High Value: 730,002
  • Low Value: 536,222

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $542,800
  • Assessed Land Value: $277,900
  • Assessed Improvements Value: $264,900

    Sales

  • Current Sale Recording Date: Nov 15, 2001
  • Current Sale Price:
    Premium
  • Current 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:

$699,500

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2546 ft²

Average Home Age

72.5 years

Currently For Sale

1487 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# 30521722

Frequently Asked Questions

When was property at 8 Sunset Terrace built and last sold?
The property at 8 Sunset Terrace was built in 1969 and last sold on Jan 1, 1970 for $295,000.
How much is this home worth?
The estimated value of the home located at 8 Sunset Terrace is $0.
What are some comparable homes to 8 Sunset Terrace?
There are currently no comparable homes to 8 Sunset Terrace.
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