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Essex 01966
99 Phillips Ave
$500,000
● House - Off Market

99 Phillips Ave

Rockport, MA 01966
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,956 Ft²
$831,527
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model

About This Property

Located on Phillips Avenue, a desirable area, near Pigeon Cove. The main living area has a free flowing floor plan perfect for entertaining your family and guests. Hardwood flooring and plenty of natural lighting throughout this home. A great room , with a cathedral ceiling, offers an ocean view. The kitchen features stainless steel appliances. A large master suite offers a walk-in closet and full bath. First floor has 2 bedrooms and a full bath. There is a bonus room, on the first floor, previously used as a home workshop. Come take a look and bring your new ideas to this home with major potential! Great opportunity for developers or  someone looking to restore a vacation/year round retreat in a very desirable location in Rockport.  Steps to the ocean and walking trails.
Unit Size
2,956 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$178
Property Type
House
Property Taxes
$617
HOA Dues
-
Year Built
1973

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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 #72179824)

Price History

Date / Event Date Event Price
Dec 5, 2017 Sold
Premium
Sold
Jun 9, 2017 Listed by Sankey Real Estate $524,900
Listed by Sankey Real Estate
Jan 9, 1998 Sold
Premium
Sold
May 20, 1997 Listed by Sankey Real Estate $189,900
Listed by Sankey Real Estate

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,940
  • Total Building Area: 3,221
  • Gross Building Area: 6,246
  • Building Area: 3,221
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 3,221
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000596
  • 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: 352
  • District: 252
  • Parcel: ROCK M:8 B:45L
  • Block: 45L
  • Lot: 45L
  • Municipality: ROCKPORT
  • Latitude: 42.6855
  • Longitude: -70.6278

    Address

  • Full Address: 99 Phillips Ave
  • Address - House Number: 99
  • Address - Street Name: Phillips
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Rockport
  • Carrier Code: C003
  • 4-Digit Zip Code: 1036
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $839,700
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1592
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 928,950
  • High Value: 1,076,928
  • Low Value: 780,972

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $997,300
  • Assessed Land Value: $390,700
  • Assessed Improvements Value: $606,600

    Sales

  • Current Sale Recording Date: Dec 05, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171205002590
  • Previous Sale Recording Date: Jan 09, 1998
  • Previous Sale Amount: $175,000
  • 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

2501 ft²

Average Home Age

73.3 years

Currently For Sale

1412 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# 72179824

Frequently Asked Questions

When was property at 99 Phillips Avenue built and last sold?
The property at 99 Phillips Avenue was built in 1973 and last sold on Jan 1, 1970 for $500,000.
How much is this home worth?
The estimated value of the home located at 99 Phillips Avenue is $557,063.
What are some comparable homes to 99 Phillips Avenue?
There are currently no comparable homes to 99 Phillips Avenue.
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