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Middlesex
1 Sears Lane
$556,000
● House - Off Market

1 Sears Lane

Chelmsford, MA 01824
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,654 Ft²
$1,071,951
RealtyHop Estimate
84.03%
Since Oct 1, 2004
MA-Boston
Primary Model

About This Property

9 room Colonial in a great Chelmsford location on a cul-de-sac on a corner lot.  Bonus game room is a new addition.  Beautiful landscaped lot with irrigation system, inground pool, 2 car attached garage.  Central air.  Don't wait, be in for the fall.
Unit Size
2,654 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$219
Property Type
House
Property Taxes
$442
HOA Dues
-
Year Built
1987

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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: 4 months ago (MLSPIN #70067143)

Price History

Date / Event Date Event Price
Sep 30, 2004 Sold
Premium
Sold
Jul 23, 2004 Listed by RE/MAX Prestige $582,500
Listed by RE/MAX Prestige

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 40,100
  • Total Building Area: 2,483
  • Gross Building Area: 4,385
  • Building Area: 2,483
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,483
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000921
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Chelmsford School District
  • School Tax School District: CHELMSFORD SD
  • Census Tract: 317102

Geography

  • Account Number: 10886
  • Parcel: CHEL M:0066 B:0271 L:9
  • Block: 271
  • Lot: 9
  • Municipality: CHELMSFORD
  • Latitude: 42.6063
  • Longitude: -71.3091

    Address

  • Full Address: 1 Sears Ln
  • Address - House Number: 1
  • Address - Street Name: Sears
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Chelmsford
  • Carrier Code: C017
  • 4-Digit Zip Code: 3237
  • Zip Code: 01824

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,060,500

    Appraisal Valuation

  • Standard Deviation: 0.1539
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 907,688
  • High Value: 1,047,382
  • Low Value: 767,994

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $738,000
  • Assessed Land Value: $373,800
  • Assessed Improvements Value: $364,200

    Sales

  • Current Sale Recording Date: Sep 30, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00073273
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 Middlesex

Stats & Trends

Median Asking:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2683 ft²

Average Home Age

62.9 years

Currently For Sale

3239 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70067143

Frequently Asked Questions

When was property at 1 Sears Lane built and last sold?
The property at 1 Sears Lane was built in 1987 and last sold on Jan 1, 1970 for $556,000.
How much is this home worth?
The estimated value of the home located at 1 Sears Lane is $616,524.
What are some comparable homes to 1 Sears Lane?
There are currently no comparable homes to 1 Sears Lane.
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