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Burlington 01803 North Burlington
15 Cutting Lane
$716,000
● House - Off Market

15 Cutting Lane

Burlington, MA 01803
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,551 Ft²
$712,315
RealtyHop Estimate
1.77%
Since May 1, 2023
MA-Boston
Primary Model

About This Property

Location, Location, Location!! This 50 foot Georgian split level home has endless potential featuring 3 bedrooms and 2.5 baths, central air on the main level, nearly a half acre lot with in-ground pool, a 3 season room, deck, and spacious 2 car garage.  The lower level is expanded 50 x 12 which provides a great opportunity for an inlaw apartment, family room, work from home space or even a home gym. Update to your taste and build instant equity. This desirable neighborhood is located 15 miles to Boston and provides easy access to Routes 95, 93 and 3 along with the Wilmington commuter rail, and is convenient to shopping, dining, and medical facilities.  The opportunity to live in this neighborhood does not come up often, so don't wait!
Unit Size
2,551 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$274
Property Type
House
Property Taxes
$529
HOA Dues
-
Year Built
1975

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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 months ago (MLSPIN #73077957)

Price History

Date / Event Date Event Price
Apr 3, 2023 Sold
Premium
Sold
Feb 16, 2023 In contract -
In contract
Feb 9, 2023 Listed by RE/MAX Encore $699,900
Listed by RE/MAX Encore

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,880
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 20,099
  • Total Building Area: 2,551
  • Gross Building Area: 4,060
  • Building Area: 2,551
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,551
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000461
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Burlington School District
  • School Tax School District: BURLINGTON SD
  • Census Tract: 332100

Zoning

  • Zoning: RO

Geography

  • Parcel: BURL M:000011 P:176-11
  • Municipality: BURLINGTON
  • Latitude: 42.5241
  • Longitude: -71.2054

    Address

  • Full Address: 15 Cutting Ln
  • Address - House Number: 15
  • Address - Street Name: Cutting
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Burlington
  • Carrier Code: C010
  • 4-Digit Zip Code: 1709
  • Zip Code: 01803

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $665,900

    Appraisal Valuation

  • Standard Deviation: 0.1744
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 842,312
  • High Value: 989,237
  • Low Value: 695,387

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $744,800
  • Assessed Land Value: $403,100
  • Assessed Improvements Value: $341,700

    Sales

  • Current Sale Contract Date: Apr 03, 2023
  • Current Sale Recording Date: Apr 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32922
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 North Burlington

Stats & Trends

Median Asking:

$890,000

Sale Price/ft²

$394

Below Asking

0.01%

Average Days on Market

51

Average Home Size

3758 ft²

Average Home Age

59.5 years

Currently For Sale

8 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

Unit for rent at 20 Corporate Drive, Burlington, MA, 01803

$2,858 /mo

  • 1 Bed
  • 1 Bath
  • 815 ft²
20 Corporate Drive #A1CDES, Burlington, MA, 01803 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73077957

Frequently Asked Questions

When was property at 15 Cutting Lane built and last sold?
The property at 15 Cutting Lane was built in 1975 and last sold on Apr 3, 2023 for $716,000.
How much is this home worth?
The estimated value of the home located at 15 Cutting Lane is $728,239.
What are some comparable homes to 15 Cutting Lane?
There are currently no comparable homes to 15 Cutting Lane.
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