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Essex
2 Palmer Lane
$692,200
● House - Off Market

2 Palmer Lane

Georgetown, MA 01833
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,940 Ft²
$1,079,374
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model

About This Property

New construction in Georgetown. This 8 room, 4 bedroom, 2.5 bath will be ready for end of January occupancy.  Much sought after open floor plan living with double see thru fireplace, giving the family room,  kitchen and dining room additional visual enjoyment.  Over 2900 sf of living space plus walk up attic and unfinished lower level.   Great new 4 lot subdivision with 4 new homes each with 1 acre plus land area. Hardwood floors on the first level and wall to wall in the bedrooms.  Lots of glass, bright and sunny setting and excellent design. This home is under construction and there is still time to pick out your colors and cabinets.   don't wait on this one....
Unit Size
2,940 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$235
Property Type
House
Property Taxes
$833
HOA Dues
-
Year Built
2018

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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 #72260960)

Price History

Date / Event Date Event Price
Jun 25, 2021 Sold
Premium
Sold
Apr 17, 2021 Listed by Cameron Real Estate Group $869,900
Listed by Cameron Real Estate Group
Feb 13, 2018 Sold
Premium
Sold
Dec 4, 2017 Listed by Cameron Real Estate Group $689,900
Listed by Cameron Real Estate Group

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 300
  • 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: 42,614
  • Total Building Area: 2,936
  • Gross Building Area: 6,104
  • Building Area: 2,936
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,936
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000978
  • 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

  • Account Number: 100015B
  • District: 105
  • Parcel: GEOR M:00010 B:00000 L:0015B
  • Lot: 15B
  • Municipality: GEORGETOWN
  • Latitude: 42.7179
  • Longitude: -70.9743

    Address

  • Full Address: 2 Palmer Ln
  • Address - House Number: 2
  • Address - Street Name: Palmer
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Georgetown
  • Carrier Code: C053
  • 4-Digit Zip Code: 1252
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,147,600

    Appraisal Valuation

  • Standard Deviation: 0.1718
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 1,073,221
  • High Value: 1,258,290
  • Low Value: 888,153

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $914,400
  • Assessed Land Value: $279,900
  • Assessed Improvements Value: $634,500

    Sales

  • Current Sale Contract Date: Jun 25, 2021
  • Current Sale Recording Date: Jun 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210625002120
  • Previous Sale Recording Date: Feb 13, 2018
  • Previous Sale Amount: $692,200
  • Previous Sale Document Type: O
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

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72260960

Frequently Asked Questions

When was property at 2 Palmer Lane built and last sold?
The property at 2 Palmer Lane was built in 2018 and last sold on Jun 25, 2021 for $910,000.
How much is this home worth?
The estimated value of the home located at 2 Palmer Lane is $901,174.
What are some comparable homes to 2 Palmer Lane?
There are currently no comparable homes to 2 Palmer Lane.
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