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Essex
1 Lakeridge Drive
$470,000
● House - Off Market

1 Lakeridge Drive

Georgetown, MA 01833
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,183 Ft²
$680,923
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

INSTANT EQUITY in this beautifully updated Raised Ranch!  This open concept home is impressive with 3 generous sized bedrooms, master with private bath, finished lower level, 2 full baths with tiled showers, 2 real wood fireplaces, skylights, upgraded quartz counter top, vaulted ceilings, central a/c, nice grounds with a horseshoe driveway, salt water heated in ground pool, multiple heating zones, newer gas boiler and tons of natural lighting this one is sure to impress..SUPER LOCATION and walking distance to Rock Pond!
Unit Size
2,183 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$213
Property Type
House
Property Taxes
$569
HOA Dues
-
Year Built
1976

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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: 6 months ago (MLSPIN #72543737)

Price History

Date / Event Date Event Price
Oct 24, 2019 Sold
Premium
Sold
Aug 1, 2019 Listed by LAER Realty Partners $464,900
Listed by LAER Realty Partners
Oct 6, 2010 Sold
Premium
Sold
Apr 28, 2010 Listed by LAER Realty Partners $400,000
Listed by LAER Realty Partners

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,060
  • Total Building Area: 1,393
  • Gross Building Area: 3,055
  • Building Area: 1,393
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,393
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKERIDGE
  • Land Acres: 0000000369
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265101

Geography

  • District: 105
  • Parcel: GEOR M:0006D B:00000 L:00101
  • Lot: 101
  • Municipality: GEORGETOWN
  • Latitude: 42.7308
  • Longitude: -71.0012

    Address

  • Full Address: 1 Lakeridge Dr
  • Address - House Number: 1
  • Address - Street Name: Lakeridge
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Georgetown
  • Carrier Code: C043
  • 4-Digit Zip Code: 1401
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $716,400

    Appraisal Valuation

  • Standard Deviation: 0.1821
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 658,701
  • High Value: 778,670
  • Low Value: 538,732

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $570,800
  • Assessed Land Value: $186,500
  • Assessed Improvements Value: $384,300

    Sales

  • Current Sale Contract Date: Sep 04, 2019
  • Current Sale Recording Date: Oct 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191024002560
  • Previous Sale Recording Date: Oct 06, 2010
  • Previous Sale Amount: $385,000
  • 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

2473 ft²

Average Home Age

73.2 years

Currently For Sale

1400 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: 6 months ago
Data Source: MLS PIN, MLS# 72543737

Frequently Asked Questions

When was property at 1 Lakeridge Drive built and last sold?
The property at 1 Lakeridge Drive was built in 1976 and last sold on Sep 4, 2019 for $470,000.
How much is this home worth?
The estimated value of the home located at 1 Lakeridge Drive is $488,156.
What are some comparable homes to 1 Lakeridge Drive?
There are currently no comparable homes to 1 Lakeridge Drive.
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