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Essex
2 Burnside Ln
$296,500
● House - Off Market

2 Burnside Ln

Merrimac, MA 01860
bedrooms
2 Beds
bathrooms
1 Bath
square feet
560 Ft²
$443,485
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model

About This Property

Pentucket/Whittier School District for under $300,000 – don't wait! Ranch style home on almost a quarter acre in beautiful Merrimac. This charming floor plan delivers 2 bedrooms, 1 full bathroom, freshly painted - welcoming living room with vaulted ceiling, bright kitchen with appliances included, deck, mudroom entry way, fenced yard, 1-car detached garage with newer door, new storm doors, backyard patio, and partially-finished basement with laundry area and bonus room (not included in square footage). Delightful destination...gather together for a short drive to the beach or for an easy commute to both major highways; I495 & I95.
Unit Size
560 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$516
Property Type
House
Property Taxes
$264
HOA Dues
-
Year Built
1954

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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 #72285918)

Price History

Date / Event Date Event Price
Apr 30, 2018 Sold
Premium
Sold
Feb 26, 2018 Listed by Coco, Early & Associates - Bridge Realty Division $289,000
Listed by Coco, Early & Associates - Bridge Realty Division
May 1, 2006 Sold
Premium
Sold
Oct 4, 2005 Listed by Coco, Early & Associates - Bridge Realty Division $255,000
Listed by Coco, Early & Associates - Bridge Realty Division
Dec 6, 1996 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 560
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,649
  • Total Building Area: 980
  • Gross Building Area: 1,326
  • Building Area: 980
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 980
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: SR

Geography

  • District: 180
  • Parcel: MERR M:0052 B:0001 L:007-E
  • Block: 1
  • Lot: 7-E
  • Municipality: MERRIMAC
  • Latitude: 42.8344
  • Longitude: -70.98

    Address

  • Full Address: 2 Burnside Ln
  • Address - House Number: 2
  • Address - Street Name: Burnside
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C002
  • 4-Digit Zip Code: 2105
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $516,800

    Appraisal Valuation

  • Standard Deviation: 0.179
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 447,110
  • High Value: 526,981
  • Low Value: 367,240

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $382,800
  • Assessed Land Value: $284,800
  • Assessed Improvements Value: $98,000

    Sales

  • Current Sale Recording Date: Apr 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180430004240
  • Previous Sale Recording Date: May 01, 2006
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: 27
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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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# 72285918

Frequently Asked Questions

When was property at 2 Burnside Lane built and last sold?
The property at 2 Burnside Lane was built in 1954 and last sold on Jan 1, 1970 for $296,500.
How much is this home worth?
The estimated value of the home located at 2 Burnside Lane is $287,712.
What are some comparable homes to 2 Burnside Lane?
There are currently no comparable homes to 2 Burnside Lane.
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