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Essex 01966
88 Phillips Avenue
$975,000
● House - Off Market

88 Phillips Avenue

Rockport, MA 01966
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,467 Ft²
$1,939,373
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

VALUE RANGE PRICE LISTING - SELLER WILL ENTERTAIN OFFERS BETWEEN $995,000 - $1,095,000. A Rare Offering in Impeccable Condition with Ocean Views. Open concept european kitchen with AGA stove, fireplaced great room and large stone patio for entertaining. Master bedroom suite with ocean views. And the interior is bathed in wonderful natural light. Sited on a beautifully landscaped 15,000sf lot. Close to the Atlantic Path, Halibut Point State Park, Front & Back Beaches, and Rockport Village.
Unit Size
3,467 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$287
Property Type
House
Property Taxes
$732
HOA Dues
-
Year Built
1970

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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: 5 months ago (MLSPIN #71417541)

Price History

Date / Event Date Event Price
Jul 29, 2013 Sold
Premium
Sold
Aug 2, 2012 Listed by Coldwell Banker Residential Brokerage - Gloucester $995,000
Listed by Coldwell Banker Residential Brokerage - Gloucester
Aug 4, 2004 Sold
Premium
Sold
Mar 16, 2004 Listed by Coldwell Banker Residential Brokerage - Gloucester $699,000
Listed by Coldwell Banker Residential Brokerage - Gloucester

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • 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: 1,314
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 2,619
  • Gross Building Area: 5,922
  • Building Area: 2,619
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 2,619
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WALTER E JOHNSON
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Rockport School District
  • School Tax School District: ROCKPORT SD
  • Census Tract: 220102

Zoning

  • Zoning: R1

Geography

  • Account Number: 372
  • District: 252
  • Parcel: ROCK M:8 B:49B
  • Block: 49B
  • Lot: 49B
  • Municipality: ROCKPORT
  • Latitude: 42.6865
  • Longitude: -70.6263

    Address

  • Full Address: 88 Phillips Ave
  • Address - House Number: 88
  • Address - Street Name: Phillips
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Rockport
  • Carrier Code: C003
  • 4-Digit Zip Code: 1042
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,202,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,427,600
  • Assessed Land Value: $752,800
  • Assessed Improvements Value: $674,800

    Sales

  • Current Sale Recording Date: Jul 29, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Aug 04, 2004
  • Previous Sale Amount: $725,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2523 ft²

Average Home Age

72.3 years

Currently For Sale

1497 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: 5 months ago
Data Source: MLS PIN, MLS# 71417541

Frequently Asked Questions

When was property at 88 Phillips Avenue built and last sold?
The property at 88 Phillips Avenue was built in 1970 and last sold on Jan 1, 1970 for $975,000.
How much is this home worth?
The estimated value of the home located at 88 Phillips Avenue is $1,022,678.
What are some comparable homes to 88 Phillips Avenue?
There are currently no comparable homes to 88 Phillips Avenue.
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