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Essex 01951
86 Old Point Rd
$375,000
● Land - Off Market

86 Old Point Rd

Newbury, MA 01951
bedrooms
Studio
bathrooms
0 Bath
$462,191
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

DESIRABLE PLUM ISLAND LOCATION!  LOCATED ON A CORNER LOT IS THIS COTTAGE THAT COULD BE TORN DOWN TO BUILD YOUR DREAM HOME!  LEVEL PIECE OF LAND JUST MINTUES TO THE BEACH, BASIN , RESTAURANTS AND ALL THE AMENITIES PLUM ISLAND HAS TO OFFER.  Just a short drive to  vibrant downtown Newburyport!  PHOTOS INCLUDE A RENDERING.
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
Land
Property Taxes
$318
HOA Dues
-
Year Built
1930

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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 #72843919)

Price History

Date / Event Date Event Price
Jul 15, 2021 Sold
Premium
Sold
Jun 4, 2021 Listed by Coldwell Banker Realty - Lynnfield $399,900
Listed by Coldwell Banker Realty - Lynnfield
Nov 30, 2017 Sold
Premium
Sold
Jun 30, 2017 Listed by Coldwell Banker Realty - Lynnfield $285,000
Listed by Coldwell Banker Realty - Lynnfield

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 26
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 14
  • Roof Cover Type: 14
  • 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: 5,166
  • Total Building Area: 885
  • Gross Building Area: 909
  • Building Area: 885
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 885
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000119
  • 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:0U05 B:0000 L:00044
  • Lot: 44
  • Municipality: NEWBURY
  • Latitude: 42.806
  • Longitude: -70.8173

    Address

  • Full Address: 86 Old Point Rd
  • Address - House Number: 86
  • Address - Street Name: Old Point
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Newbury
  • Carrier Code: C011
  • 4-Digit Zip Code: 1334
  • Zip Code: 01951

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $532,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 659,554
  • High Value: 763,733
  • Low Value: 555,375

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $693,800
  • Assessed Land Value: $561,100
  • Assessed Improvements Value: $132,700

    Sales

  • Current Sale Contract Date: Jul 15, 2021
  • Current Sale Recording Date: Jul 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210715003900
  • Previous Sale Recording Date: Nov 30, 2017
  • Previous Sale Amount: $285,000
  • 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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72843919

Frequently Asked Questions

When was property at 86 Old Point Road built and last sold?
The property at 86 Old Point Road was built in 1930 and last sold on Jul 15, 2021 for $375,000.
How much is this home worth?
The estimated value of the home located at 86 Old Point Road is $403,899.
What are some comparable homes to 86 Old Point Road?
There are currently no comparable homes to 86 Old Point Road.
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