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Middlesex 01742
116 Park Lane
$1,620,600
● House - Off Market

116 Park Lane

Concord, MA 01742
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
5,641 Ft²
$3,652,592
RealtyHop Estimate
108.84%
Since Jun 1, 2003
MA-Boston
Primary Model

About This Property

.BEAUTIFULLY RENOVATED & EXPANSIVE!ARCHITECT-DESGN ADDITIONS ADD FLAIR & FUNCTION TO 5 BDRM COL ON 1.2 AC ON CUL-DE-SAC W/RIVER ACCESS.FP MSTR SUITE,HOME GYM,SEP OFFICE,EXQUISITE LANDSCAPING.BRICK PATIO.SOCCER FIELD.IDYLLIC NEIGHBORHOOD!
Unit Size
5,641 Ft²
Days on Market
-
Land Size
1.20 acres
Price per sqft
$310
Property Type
House
Property Taxes
$1,057
HOA Dues
-
Year Built
1956

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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 #30677742)

Price History

Date / Event Date Event Price
May 28, 2003 Sold
Premium
Sold
Jan 6, 2003 Listed by Coldwell Banker Residential Brokerage - Concord $1,749,000
Listed by Coldwell Banker Residential Brokerage - Concord

Property Highlights

Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 52,197
  • Total Building Area: 4,567
  • Gross Building Area: 8,871
  • Building Area: 4,567
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,567
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ADAMS ESTATES SEC 02
  • Land Acres: 0000001198
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Concord School District
  • Census Tract: 361100

Zoning

  • Zoning: A

Geography

  • Account Number: 1607
  • Parcel: CONC M:8F B:1808
  • Block: 1808
  • Municipality: CONCORD
  • Latitude: 42.4655
  • Longitude: -71.3761

    Address

  • Full Address: 116 Park Ln
  • Address - House Number: 116
  • Address - Street Name: Park
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Concord
  • Carrier Code: C011
  • 4-Digit Zip Code: 1620
  • Zip Code: 01742

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $3,388,300

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 2,599,523
  • High Value: 3,022,194
  • Low Value: 2,176,852

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,580,600
  • Assessed Land Value: $1,106,300
  • Assessed Improvements Value: $1,474,300

    Sales

  • Current Sale Recording Date: May 28, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1538
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 30677742

Frequently Asked Questions

When was property at 116 Park Lane built and last sold?
The property at 116 Park Lane was built in 1956 and last sold on Jan 1, 1970 for $1,620,600.
How much is this home worth?
The estimated value of the home located at 116 Park Lane is $1,757,430.
What are some comparable homes to 116 Park Lane?
There are currently no comparable homes to 116 Park Lane.
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