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Essex 01921
89 Willow Road
$460,000
● House - Off Market

89 Willow Road

Boxford, MA 01921
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,597 Ft²
$515,356
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Investors/Contractors/Cash buyers! Are you looking to build equity?  If you said yes, then get your plans ready to create your dream home on this private, 2 acre lot in desirable West Boxford.  This 4 bedroom, 1.5 bathroom cape is awaiting its new owners.  This home is set back off the street and the lot is a perfect balance of cleared and wooded land.  The location is convenient to major highways, schools and farmstands.  Property has a 1 car garage,  new retaining walls and plenty of parking in the driveway. Working pellet insert in the living room and a second one in the basement which has the potential to be finished.  Buyer to perform their own due diligence.  Property is being sold "as is" and buyer responsible for Title V.
Unit Size
1,597 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$279
Property Type
House
Property Taxes
$625
HOA Dues
-
Year Built
1961

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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 years ago (MLSPIN #72815809)

Price History

Date / Event Date Event Price
Jul 23, 2021 Sold
Premium
Sold
May 4, 2021 Listed by Fitzgerald & Associates $445,900
Listed by Fitzgerald & Associates

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 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: 87,120
  • Total Building Area: 2,198
  • Gross Building Area: 5,508
  • Building Area: 2,198
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,198
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Boxford School District
  • Census Tract: 213100

Geography

  • Parcel: BOXF M:011 B:001 L:008
  • Block: 1
  • Lot: 8
  • Municipality: BOXFORD
  • Latitude: 42.7113
  • Longitude: -71.034

    Address

  • Full Address: 89 Willow Rd
  • Address - House Number: 89
  • Address - Street Name: Willow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Boxford
  • Carrier Code: R002
  • 4-Digit Zip Code: 1218
  • Zip Code: 01921

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,018,300

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 766,533
  • High Value: 887,610
  • Low Value: 645,456

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $780,300
  • Assessed Land Value: $399,900
  • Assessed Improvements Value: $380,400

    Sales

  • Current Sale Contract Date: Jul 20, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 627523
  • Previous Sale Recording Date: May 29, 2008
  • Previous Sale Document Type: 48
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

2595 ft²

Average Home Age

73.7 years

Currently For Sale

1390 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 years ago
Data Source: MLS PIN, MLS# 72815809

Frequently Asked Questions

When was property at 89 Willow Road built and last sold?
The property at 89 Willow Road was built in 1961 and last sold on Jul 20, 2021 for $460,000.
How much is this home worth?
The estimated value of the home located at 89 Willow Road is $459,794.
What are some comparable homes to 89 Willow Road?
There are currently no comparable homes to 89 Willow Road.
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