NOT LISTED FOR SALE

316 Main St Rowley, MA 01969

Estimated Value: $833,752 - $915,000

6 Beds
3 Baths
3,435 Sq Ft
$257/Sq Ft Est. Value

Last Sold May 01, 2024

Last sale price $840,000 $245 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,623/month

11 Days on Market

Highlights

  • Golf Course Community
  • 4 Acre Lot
  • Wood Flooring
  • Medical Services
  • Property is near public transit
  • Home Office

About This Home

As of May 2024

Unusual and excellent chance to own this roomy three-unit building in a town where multi-family homes are extremely rare! Easy drives to the active downtowns of both Newburyport and Ipswich. Short trips to ocean beaches at Plum Island/Salisbury/Hampton Beach. Boston train a mile away. Brand new six-bedroom septic system, brand new gas-fired heating system, newer roof, newer chimney caps. Exterior freshly painted, handsome landscaping + plenty of parking for tenants and guests. Eat-in kitchens. Each apartment has a washer and dryer (4 years old). Lovely pine and fir floors, large yard /garden space. Two of the units are tenanted; as much notice as possible is appreciated. Heat is included in the rent; each unit has its own thermostat. The vacant unit rent is estimated; so same on annual income. Many, many excellent upgrades in the past six months. Pre-approved/pre-qualified buyers only! NO SHOWINGS 3/27 THROUGH 3/31.

Last Listed By

Patricia Skibbee

River Valley Real Estate Listed on: 03/21/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,368

Year Built

  • Built in 1724

Lot Details

  • 4 Acre Lot
  • Near Conservation Area
  • Level Lot
  • Garden

Home Design

  • Triplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,435 Sq Ft Home
  • Property has 1 Level
  • Window Screens
  • Living Room
  • Home Office
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 8 Car Parking Spaces
  • Common or Shared Parking
  • Stone Driveway
  • Off-Street Parking

Outdoor Features

  • Bulkhead
  • Shed
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Pine Grove Elementary School
  • Triton Middle School
  • Triton High School

Utilities

  • No Cooling
  • Central Heating
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Private Sewer

Listing and Financial Details

  • Total Actual Rent $6,900
  • Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water)
  • Tax Lot 5
  • Assessor Parcel Number 2124706

Community Details

Overview

  • 3 Units

Amenities

  • Medical Services
  • Shops

Recreation

  • Golf Course Community
  • Park
  • Jogging Path

Building Details

  • Insurance Expense $3,585
  • Water Sewer Expense $2,000
  • Operating Expense $14,750
  • Net Operating Income $58,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,368

Year Built

Built in 1724

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1724
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Approximate,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Wood, Varies, Laminate
  • Interior Amenities: Pantry, Living Room, Kitchen, Office/Den
  • Door Features: Storm Door(s)
  • Fireplace YN: No
  • Appliances: Range, Refrigerator, Washer, Dryer
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Basement: Full, Bulkhead, Unfinished
  • Living Area: 3435
  • Spa YN: No
  • Stories Total: 4
  • Window Features: Storm Window(s), Screens
  • MAIN LO: C04500
  • LIST PRICE PER Sq Ft: 251.82
  • PRICE PER Sq Ft: 244.54
  • MAIN SO: C91600

Exterior Features

  • Exterior Features: Rain Gutters, Garden
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Frontage Length: 200
  • Home Warranty YN: No
  • Other Structures: Shed(s)
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Common, Stone/Gravel
  • Total Parking Spaces: 8

Utilities

  • Sewer: Private Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup
  • Cooling: None
  • Heating: Central, Natural Gas
  • Cooling Y N: No
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 1
  • HEAT ZONES: 1
  • COOLING ZONES: 0
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Public School, T-Station
  • Rent Includes: Unit 1(Heat,Water,Hot Water), Unit 2(Heat,Water,Hot Water), Unit 3(Heat,Water,Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2000

Lot Info

  • Parcel Number: 2124706
  • Zoning: outlying
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 4
  • Lot Size Area: 4
  • Lot Size Sq Ft: 174240
  • Lot Size Units: Acres
  • PAGE: 444
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8368.36
  • Tax Book Number: 37921
  • Tax Lot: 5
  • Tax Map Number: 27

Multi Family

  • Gross Income: 73800
  • Insurance Expense: 3585
  • Net Operating Income: 58140
  • Number Of Units Total: 3
  • Operating Expense: 14750
  • Total Actual Rent: 6900
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 2
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 1
  • FLRS 2: 2

MLS Schools

  • High School: Triton
  • Elementary School: Pine Grove
  • Middle Or Junior School: Triton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2019
Closed on
Oct 4, 2019
Sold by
Crellin Robert E
Bought by
Equity T Co
Seller's Agent
Ellen Ryan
Coldwell Banker Realty - Newburyport
Buyer's Agent
Patricia Skibbee
River Valley Real Estate
List Price
$489,900
Sold Price
$510,000
Premium/Discount to List
$20,100
4.1%
Total Days on Market
11
Current Estimated Value
$882,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$372,688
Avg. Annual Appreciation
10.35%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Equity T Co $510,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crellin Robert E $174,000
Previous Owner Crellin Robert E $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2024 05/01/24 Sold $840,000 -2.9% $245 / Sq Ft
04/02/2024 04/02/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $865,000 +69.6% $252 / Sq Ft
10/10/2019 10/10/19 Sold $510,000 +4.1% $148 / Sq Ft
09/11/2019 09/11/19 Pending -- -- --
09/10/2019 09/10/19 For Sale $489,900 -- $143 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,467 $719,400 $336,000 $383,400
2024 $8,368 $691,600 $320,000 $371,600
2023 $7,654 $587,900 $274,400 $313,500
2022 $7,408 $506,700 $228,500 $278,200
2021 $7,608 $488,300 $201,500 $286,800
2020 $7,357 $472,200 $193,100 $279,100
2019 $6,743 $459,300 $193,100 $266,200
2018 $6,469 $443,700 $193,100 $250,600
2017 $6,274 $443,700 $193,100 $250,600
2016 $6,043 $420,800 $167,600 $253,200
2015 $5,808 $407,900 $167,600 $240,300
Source: Public Records

Agents Affiliated with this Home

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Map

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