Investment Analysis — 3 Turtleback Road

Essex, MA 01929

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01929 carries an estimated $3,390/mo in gross rent — about a -0.13% cap rate and $-3,823/yr in estimated NOI at the $2,895,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

4.5

SqFt

4,785

Style

Single Family

Built

2027

If your dream home is a brand-new-never-before-lived-in property, but the idea of starting from the foundation up feels overwhelming, this luxurious new exceptional home on 1.3 landscaped acres currently under construction is a must see. MRS Construction Company offers the best of both worlds – an established design and experienced builder that incorporates your personal preferences and vision. Using a collaborative process, you choose the finishes, materials, fixtures, and upgrades that will make this 4,600+ sf Craftsman Farmhouse with 4 bedrooms and 4.5 bathrooms reflect your wants, needs, style, and taste. The starting point that includes an easy-living open floor plan with dedicated private spaces comes with all the bells and whistles: 9-foot ceilings, white oak flooring, custom millwork (Ship lap ceiling with white oak beams in living room and primary bedroom), gas fireplace, custom kitchen cabinetry, Thermador/Wolf and Bosch appliances, primary bath with heated flooring, whole house wi-fi, 4 HVAC zones, finished basement, and 2-car garage with an unfinished 2nd floor over the garage for even more potential of additional living space. A custom saltwater heated pool is part of the package! You can have it all!

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: 900 sq ft (the lesser of 900 sq ft or half the 4,785 sq ft principal dwelling). Lot size: 56,628 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.