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Essex
2 Bayberry Lane
$527,000
● House - Off Market

2 Bayberry Lane

Georgetown, MA 01833
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,075 Ft²
$1,001,861
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Lovely custom post and beam cape beautifully situated on 4.56 wooded acres. Off of a cul de sac neighborhood, the long winding driveway leads you to an incredibly private, wooded setting. The post & beam architecture is evident throughout creating a unique and rustic home with exposed beams and pine flooring...this includes a front to back living room with wood stove, a fabulous fireplaced master bedroom suite and expansive family room. The large kitchen has an island with cook top and granite counters.  There is a cozy sun room off the kitchen with deck access. Skylights throughout the house let in natural light.  Many recent updates make this home move-in ready. Potential to subdivide lot with town approval. Buyer to perform own due diligence.
Unit Size
3,075 Ft²
Days on Market
-
Land Size
4.56 acres
Price per sqft
$175
Property Type
House
Property Taxes
$540
HOA Dues
-
Year Built
1983

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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 #71565883)

Price History

Date / Event Date Event Price
Jun 2, 2014 Sold
Premium
Sold
Aug 6, 2013 Listed by J. Barrett & Company $539,000
Listed by J. Barrett & Company

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 198,558
  • Total Building Area: 3,075
  • Gross Building Area: 5,618
  • Building Area: 3,075
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,075
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004558
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265102

Geography

  • District: 105
  • Parcel: GEOR M:00017 B:00000 L:0122J
  • Lot: 122J
  • Municipality: GEORGETOWN
  • Latitude: 42.7331
  • Longitude: -70.9671

    Address

  • Full Address: 2 Bayberry Ln
  • Address - House Number: 2
  • Address - Street Name: Bayberry
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R008
  • 4-Digit Zip Code: 1145
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,001,700

    Appraisal Valuation

  • Standard Deviation: 0.1565
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 953,540
  • High Value: 1,102,861
  • Low Value: 804,219

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $798,200
  • Assessed Land Value: $239,900
  • Assessed Improvements Value: $558,300

    Sales

  • Current Sale Recording Date: Jun 02, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 552687
  • Previous Sale Recording Date: Oct 21, 2008
  • Previous Sale Document Type: 48
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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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: 4 months ago
Data Source: MLS PIN, MLS# 71565883

Frequently Asked Questions

When was property at 2 Bayberry Lane built and last sold?
The property at 2 Bayberry Lane was built in 1983 and last sold on Jan 1, 1970 for $527,000.
How much is this home worth?
The estimated value of the home located at 2 Bayberry Lane is $575,354.
What are some comparable homes to 2 Bayberry Lane?
There are currently no comparable homes to 2 Bayberry Lane.
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