Active
45 Days on market
1 Red Gate Road Essex — Photo 1 of 15

1 Red Gate Road Essex — Photo 1 of 15

Recent Drop: $50,000

$550,000
$500,000

$500,000

Investment Analysis — 1 Red Gate Road

Essex, MA 01929

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01929 carries an estimated $2,160/mo in gross rent — about a 2.65% cap rate and $13,248/yr in estimated NOI at the $500,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

832

Style

Single Family

Built

1973

Ranch style home on Essex side street in need of total renovation but has a BEAUTIFUL lot. Property is one level living with a full unfinished basement. Property is tied into town sewer and has a well. The sewer tie in has the capacity for a 3 bedroom house. BUYER TO DO THEIR OWN DUE DILIGENCE. SUNDAY 10 AM-11. OFFERS DUE TUESDAY 8/11 12 NOON.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 416 sq ft (the lesser of 900 sq ft or half the 832 sq ft principal dwelling). Lot size: 30,013 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$550,000
Annual Taxes$6,450.83

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms3
Fireplaces2
FlooringVinyl, Carpet
BasementFull, Interior Entry, Garage Access, Concrete, Unfinished

Climate & Utilities

HeatingElectric Baseboard
CoolingNone
WaterPrivate
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRS2

Property & Lot

Acres0.69
SqFt Lot30,013
Lot FeaturesWooded, Gentle Sloping

Amenities & Appliances

Electric Water Heater • Water Heater • Range • Refrigerator

Neighborhood

Park • Walk/Jog Trails • Stable(s) • Golf • Conservation Area • Highway Access

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBathroom 1
Living Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl First

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower

Property History

Price Drop
$500,000

Was $550,000

Sep 15, 2026

MLS® 73558350

Listed
$550,000

Aug 3, 2026

MLS® 73558350

Listing Provided By

Listing Agent: Karen Bernier

Listing Office: Churchill Properties

MLS® Number: 73558350