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Essex 01952
8B Poor Farm Rd
$750,000
● Land - Off Market

8B Poor Farm Rd

Salisbury, MA 01913
bedrooms
Studio
bathrooms
0 Bath
$932,607
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Rare riverfront lot in a prestigious and exclusive area with sensational views overlooking Newburyport and Eagle Island! Build your dream waterfront home and dock along the Merrimack River on this breathtaking and expansive riverfront lot. Enjoy gorgeous views up and down the river all year long, just bring your vision, your adirondack chairs and your boat. This newly divided lot of land is part of a larger parcel and provides all of the privacy you could want, yet you are only minutes to downtown Newburyport, multiple beaches and commuter routes. Wildlife abounds here, with regular visits from deer and eagles. There is an old cottage on the lot, which you could tear down. The seller has a proposed 4-bedroom septic plan in-hand and there is no builder tie-in!
Unit Size
-
Days on Market
-
Land Size
1.79 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2015

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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 #72780938)

Price History

Date / Event Date Event Price
Mar 30, 2021 Sold
Premium
Sold
Feb 1, 2021 Listed by RE/MAX On The River, Inc. $750,000
Listed by RE/MAX On The River, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 2
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,087
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 984,456
  • Total Building Area: 7,448
  • Gross Building Area: 13,631
  • Building Area: 7,448
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 7,448
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: E
  • Land Acres: 0000022600
  • Standard Land Use Code: 9000
  • County Land Use Code: 990

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 267102

Zoning

  • Zoning: 2

Geography

  • Account Number: 39705/317
  • Parcel: SALI M: 9 P: 55
  • Municipality: SALISBURY
  • Latitude: 42.8371
  • Longitude: -70.899

    Address

  • Full Address: 8 Poor Farm Rd
  • Address - House Number: 8
  • Address - Street Name: Poor Farm
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Amesbury
  • Carrier Code: C011
  • 4-Digit Zip Code: 4314
  • Zip Code: 01913

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $2,853,200

    Assessments Valuation

  • Assessed Year: 2024

    Sales

  • Current Sale Recording Date: Mar 14, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 180314003480
  • Previous Sale Recording Date: Mar 14, 2018
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

2532 ft²

Average Home Age

73 years

Currently For Sale

1479 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# 72780938

Frequently Asked Questions

When was property at 8B Poor Farm Road built and last sold?
The property at 8B Poor Farm Road was built in 2015 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8B Poor Farm Road is $757,500.
What are some comparable homes to 8B Poor Farm Road?
There are currently no comparable homes to 8B Poor Farm Road.
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