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Topsfield 01983
90 Main St
$580,000
● House - Off Market

90 Main St

Topsfield, MA 01983
bedrooms
6 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
3,772 Ft²
$599,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
MA-Boston
Primary Model

About This Property

Located directly on a scenic New England town common, this historic colonial is looking for a new owner to usher in the next chapter of its life. In previous chapters this property has served as the Smith Hotel, the Homestead Tearoom, and most recently as a private home. Walking distance to school, playground, cafe, shops, public library, and rail trail. Minutes away from routes 1 and 95 and easy access to Boston, New Hampshire, and Maine. 14 rooms with 6 bedrooms. 2 full baths and 2 1/2 baths. 4 additional rooms on 3rd floor, currently unheated, plus an attached 2,600 sq ft, 2-story barn. New owner will need to be prepared to do plenty of maintenance catch-up and restoration work, including a new septic system. Selling as-is, property will not qualify for FHA or VA loan.
Unit Size
3,772 Ft²
Days on Market
-
Land Size
0.95 acres
Price per sqft
$159
Property Type
House
Property Taxes
$792
HOA Dues
-
Year Built
1832

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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 #73108789)

Price History

Date / Event Date Event Price
Nov 30, 2023 Sold
Premium
Sold
Sep 6, 2023 In contract -
In contract
Aug 9, 2023 Price Decreased $599,000
↓ $50K (7.7%)
Price Decreased
Jun 3, 2023 Relisted $649,000
Relisted
May 28, 2023 In contract -
In contract
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1832
  • Effective Year Built: 1832
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,216
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,299
  • Total Building Area: 3,772
  • Gross Building Area: 7,084
  • Building Area: 3,772
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,772
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000948
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 214100

Zoning

  • Zoning: CR

Geography

  • Account Number: 1438
  • Parcel: TOPS M:0032 B:0106 L:
  • Block: 106
  • Municipality: TOPSFIELD
  • Latitude: 42.6433
  • Longitude: -70.9511

    Address

  • Full Address: 90 Main St
  • Address - House Number: 90
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Topsfield
  • Carrier Code: C003
  • 4-Digit Zip Code: 1434
  • Zip Code: 01983

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,052,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 979,645
  • High Value: 1,213,560
  • Low Value: 745,730

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $716,700
  • Assessed Land Value: $350,800
  • Assessed Improvements Value: $365,900

    Sales

  • Current Sale Contract Date: Nov 30, 2023
  • Current Sale Recording Date: Nov 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231130005690
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 Topsfield

Stats & Trends

Median Asking:

$841,950

Sale Price/ft²

$386

Above Asking

0.00%

Average Days on Market

54

Average Home Size

4659 ft²

Average Home Age

84.6 years

Currently For Sale

5 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# 73108789

Frequently Asked Questions

When was property at 90 Main Street built and last sold?
The property at 90 Main Street was built in 1832 and last sold on Nov 30, 2023 for $580,000.
How much is this home worth?
The estimated value of the home located at 90 Main Street is $604,640.
What are some comparable homes to 90 Main Street?
There are currently no comparable homes to 90 Main Street.
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