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Essex
157 Lake Street
$380,000
● House - Off Market

157 Lake Street

Middleton, MA 01949
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,432 Ft²
$633,529
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

Unbelievable potential priced below the town assessment!  This is the deal home for the D.I.Y.'er.  A little muscle, some paint and you can have the home of your dreams in this lovely, quiet, residential neighborhood within the highly rated Masco school district.  Choose your own appliances, lights, granite and paint colors.  Live in this amazing home while making improvements!  This home has been well maintained, all records will be made available to the purchaser; fireplace inspection, well inspection, septic maintenance, alarm system, etc. The square footage does not include a huge area in the basement.  Interior photos coming soon.  Title V has "conditionally" passed.  Seller will have full Title V completed prior to closing.
Unit Size
1,432 Ft²
Days on Market
-
Land Size
1.34 acres
Price per sqft
$255
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
1979

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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 #71860759)

Price History

Date / Event Date Event Price
Aug 21, 2015 Sold
Premium
Sold
Jun 18, 2015 Listed by Coldwell Banker Residential Brokerage - Topsfield $364,900
Listed by Coldwell Banker Residential Brokerage - Topsfield

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 58,370
  • Total Building Area: 1,432
  • Gross Building Area: 3,594
  • Building Area: 1,432
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 1,432
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MIDDLETON
  • Land Acres: 0000001340
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 212102

Zoning

  • Zoning: R1A

Geography

  • Parcel: MIDD M:0016 B:0000 L:0091
  • Lot: 91
  • Municipality: MIDDLETON
  • Latitude: 42.6012
  • Longitude: -71.0325

    Address

  • Full Address: 157 Lake St
  • Address - House Number: 157
  • Address - Street Name: Lake
  • Address - Suffix Type: St
  • State: MA
  • City Name: Middleton
  • Carrier Code: R003
  • 4-Digit Zip Code: 2008
  • Zip Code: 01949

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $729,100

    Appraisal Valuation

  • Standard Deviation: 0.164
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 745,053
  • High Value: 867,195
  • Low Value: 622,911

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $618,400
  • Assessed Land Value: $361,900
  • Assessed Improvements Value: $256,500

    Sales

  • Current Sale Recording Date: Aug 21, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 569
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

2469 ft²

Average Home Age

72.3 years

Currently For Sale

1388 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71860759

Frequently Asked Questions

When was property at 157 Lake Street built and last sold?
The property at 157 Lake Street was built in 1979 and last sold on Jan 1, 1970 for $380,000.
How much is this home worth?
The estimated value of the home located at 157 Lake Street is $381,034.
What are some comparable homes to 157 Lake Street?
There are currently no comparable homes to 157 Lake Street.
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