157 Market St, Amesbury, MA 01913

5 beds4 baths3,350 sqft

For Sale by Owner
$525,000
Zestimate®: $501,151
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My Notes

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Excellent rental income makes this c. 1880 Victorian an exceptional value, whether you are investor, developer, owner-occupant or an aspiring artist-in-residence. Property consists of 3 residential units in main building and a spectacular artist loft / studio workshop situated over detached oversized 28' x 28' garage. The artist loft / studio features a beautifully designed open concept floor plan and workspace with abundant natural light cascading through multiple skylights and an overhead cupola. Extensive renovations throughout the main 3 family structure, include separate heat & electric service, decks, two new kitchens, stunning 3rd floor loft apartment with skylights, while retaining period features, including Victorian trim & moldings, bay windows and some wood floors.This is an exceptional property in excellent condition with impressive net operating income. Zoning would permit a nursery or day care center to be operated in the detached loft / studio above the garage. 

What I love about the home

everything, it has so much character and has been a great source of income as well as given us as opportunity over the last 15 years to make some great renovations and changes.
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Facts

  • Lot: 0.71 acres
  • Multi Family
  • Built in 1880
  • 202 days on Zillow
  • Views: 2,348 all time views
  • 17 shoppers saved this home
  • Cooling: Wall
  • Heating: Baseboard, Stove
  • Last sold: Dec 1998 for $185,000
  • Price/sqft: $157

Features

  • Barbecue
  • Cable Ready
  • Ceiling Fan
  • Deck
  • Double Pane/Storm Windows
  • Fireplace
  • Flooring: Carpet, Hardwood, Linoleum / Vinyl, Softwood
  • Garden
  • Lawn
  • Parking: Garage - Detached, Off street, 800 sqft
  • Patio
  • Skylight
  • Storage
  • Unfinished basement, 950 sqft
  • Vaulted Ceiling
  • Wired

Additional Features

  • washers and dryers in basement for each apartment

Appliances Included

  • Dishwasher
  • Dryer
  • Microwave
  • Range / Oven
  • Refrigerator
  • Washer

Room Types

  • Breakfast nook
  • Dining room
  • Family room
  • Laundry room
  • Office
  • Pantry

Construction

  • Exterior material: Vinyl
  • Roof type: Asphalt
  • Room count: 9
  • Stories: 3
  • Structure type: Victorian
  • Unit count: 3

Other

  • Floor size: 3,350 sqft
  • Heating: Electric, Gas, Wood / pellet
  • Laundry: In Unit
  • Parcel #: M:26 B:0024
  • Zillow Home ID: 56903227

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$501,151
+$3,014 Last 30 days
$466K
$531K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,239/mo
-$292 Last 30 days
$1.5K
$3.9K
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Comparable Homes

Homes like this sold for $290-609K.

$250K
$650K

Popularity on Zillow

Trending! This home is one of the top 10% most visited in the neighborhood this week.
1,893 views since listing
2,348 all-time (chart)
17 shoppers saved
this home to their list of favorites

Mortgages

Neighborhood: 01913

Zillow predicts 01913 home values will increase 0.8% next year, compared to a 0.8% rise for Town of Amesbury as a whole. Among 01913 homes, this home is 90.2% more expensive than the midpoint (median) home, but is priced 12.4% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 01913, the number of foreclosures waiting to be sold is exactly the same as for Town of Amesbury, and 41% lower than the national average.

Learn more about forecast calculations or 01913 home values.
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Nearby

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    Nearby Schools in Town of Amesbury

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org