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Revere 02151 West Revere
116 Lantern Rd
$505,000
● House - Off Market

116 Lantern Rd

Revere, MA 02151
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,794 Ft²
$559,190
RealtyHop Estimate
12.06%
Since Jan 1, 2022
MA-Boston
Primary Model

About This Property

Welcome to 116 Lantern Rd! This lovely West Revere single family home is ideal for investors, home buyers seeking potential, or multi generational living space.  The first unit features 3 bedrooms, living room and spacious kitchen. The second unit offers 1 bedroom, living room, laundry room and kitchen. Separate utilities and laundry hookups in both units. This property also offers a new furnace, 2 new water heaters, 3 off street parking, yard and storage shed. Masks required for all showings. Open House Sunday Nov 14th from 11:00-12:00
Unit Size
1,794 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$278
Property Type
House
Property Taxes
$371
HOA Dues
-
Year Built
1933

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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: 5 years ago (MLSPIN #72905274)

Price History

Date / Event Date Event Price
Dec 22, 2021 Sold
Premium
Sold
Oct 6, 2021 Listed by Coldwell Banker Realty - Natick $499,000
Listed by Coldwell Banker Realty - Natick
Dec 15, 1988 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 920
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,200
  • Total Building Area: 2,746
  • Gross Building Area: 2,960
  • Building Area: 2,746
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,746
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000051
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Revere School District
  • School Tax School District: REVERE SD
  • Census Tract: 170301

Zoning

  • Zoning: RB

Geography

  • Account Number: 28/439J1/8
  • Parcel: REVE M:28 B:439J1 L:8
  • Block: 439J1
  • Lot: 8
  • Municipality: REVERE
  • Latitude: 42.4232
  • Longitude: -71.0131

    Address

  • Full Address: 116 Lantern Rd
  • Address - House Number: 116
  • Address - Street Name: Lantern
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Revere
  • Carrier Code: C068
  • 4-Digit Zip Code: 2012
  • Zip Code: 02151

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $521,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1912
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 74
  • Final Value: 682,349
  • High Value: 812,874
  • Low Value: 551,824

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $548,700
  • Assessed Land Value: $195,300
  • Assessed Improvements Value: $353,400

    Sales

  • Current Sale Contract Date: Dec 07, 2021
  • Current Sale Recording Date: Dec 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 139167
  • Previous Sale Recording Date: Dec 15, 1988
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: 71
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 West Revere

Stats & Trends

Median Asking:

$709,974

Sale Price/ft²

$397

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1965 ft²

Average Home Age

62.7 years

Currently For Sale

40 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: 5 years ago
Data Source: MLS PIN, MLS# 72905274

Frequently Asked Questions

When was property at 116 Lantern Road built and last sold?
The property at 116 Lantern Road was built in 1933 and last sold on Dec 7, 2021 for $505,000.
How much is this home worth?
The estimated value of the home located at 116 Lantern Road is $514,486.
What are some comparable homes to 116 Lantern Road?
There are currently no comparable homes to 116 Lantern Road.
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