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Essex
81 Meyer Road
$592,000
● House - Off Market

81 Meyer Road

Hamilton, MA 01982
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,124 Ft²
$948,283
RealtyHop Estimate
60.73%
Since Apr 1, 2017
MA-Boston
Primary Model

About This Property

This cape is in a fantastic location. Established landscaping on a 1.9 acre yard. Systems including the roof, Buderus heat, and septic have been updated. A propane generator has been has been added. Now is the time to do some renovation and decorating. This home has many possibilities. There is a large family room with vaulted ceilings and a fireplace. Living room with hardwood floors and a second fireplace. The master bedroom is on the first floor. Two bedrooms, one with a walk-in closet and a shared full bath with a walk-in shower is on the second floor. An attached two car garage  enters through a finished breezeway with slate floor, ceiling fan recessed lights and a slider that opens to the back deck.
Unit Size
2,124 Ft²
Days on Market
-
Land Size
1.90 acres
Price per sqft
$278
Property Type
House
Property Taxes
$746
HOA Dues
-
Year Built
1952

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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 #72102339)

Price History

Date / Event Date Event Price
Mar 31, 2017 Sold
Premium
Sold
Dec 18, 2016 Listed by Coldwell Banker Residential Brokerage - Beverly $590,000
Listed by Coldwell Banker Residential Brokerage - Beverly

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 816
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 82,764
  • Total Building Area: 2,284
  • Gross Building Area: 4,214
  • Building Area: 2,284
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,284
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001900
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hamilton-Wenham School District
  • Census Tract: 215101

Zoning

  • Zoning: RA

Geography

  • Account Number: 247
  • Parcel: HAMI M:31 B:15
  • Block: 15
  • Lot: 15
  • Municipality: HAMILTON
  • Latitude: 42.6306
  • Longitude: -70.8583

    Address

  • Full Address: 81 Meyer Rd
  • Address - House Number: 81
  • Address - Street Name: Meyer
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: South Hamilton
  • Carrier Code: C007
  • 4-Digit Zip Code: 1024
  • Zip Code: 01982

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,246,600

    Appraisal Valuation

  • Standard Deviation: 0.1554
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 898,160
  • High Value: 1,038,015
  • Low Value: 758,304

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $825,000
  • Assessed Land Value: $402,800
  • Assessed Improvements Value: $422,200

    Sales

  • Current Sale Recording Date: Mar 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 272
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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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: 4 months ago
Data Source: MLS PIN, MLS# 72102339

Frequently Asked Questions

When was property at 81 Meyer Road built and last sold?
The property at 81 Meyer Road was built in 1952 and last sold on Jan 1, 1970 for $592,000.
How much is this home worth?
The estimated value of the home located at 81 Meyer Road is $610,474.
What are some comparable homes to 81 Meyer Road?
There are currently no comparable homes to 81 Meyer Road.
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