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Essex
2 Prescott Ln
$445,000
● House - Off Market

2 Prescott Ln

Georgetown, MA 01833
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,506 Ft²
$665,581
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Well-maintained 3 bedroom home on a cul-de-sac in a beautiful neighborhood. This home features an open upstairs layout with an updated kitchen and bath. Living room features cathedral ceilings and large windows overlooking the front yard. Enjoy your morning coffee on the large deck overlooking the large flat backyard. Lower level includes large open family room with wood stove, laundry/utility room and half bath. One garage space with wide driveway offering plenty of off-street parking. Come make this house your home today! 2 bedrooms on upper floor have been converted to large master, could be converted back.
Unit Size
1,506 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$292
Property Type
House
Property Taxes
$426
HOA Dues
-
Year Built
1977

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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 #72345194)

Price History

Date / Event Date Event Price
Jul 23, 2018 Sold
Premium
Sold
Jun 13, 2018 Listed by RTN Realty Advisors LLC. $439,900
Listed by RTN Realty Advisors LLC.
Jun 20, 1988 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 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: 40,436
  • Total Building Area: 1,092
  • Gross Building Area: 2,468
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRESCOTT HILL
  • Land Acres: 0000000928
  • 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: 265101

Geography

  • District: 105
  • Parcel: GEOR M:00012 B:00000 L:00119
  • Lot: 119
  • Municipality: GEORGETOWN
  • Latitude: 42.7403
  • Longitude: -70.9921

    Address

  • Full Address: 2 Prescott Ln
  • Address - House Number: 2
  • Address - Street Name: Prescott
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R008
  • 4-Digit Zip Code: 1020
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $603,800

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 614,339
  • High Value: 723,379
  • Low Value: 505,298

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $481,100
  • Assessed Land Value: $212,200
  • Assessed Improvements Value: $268,900

    Sales

  • Current Sale Recording Date: Jul 23, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180723003360
  • Previous Sale Recording Date: Jun 20, 1988
  • Previous Sale Amount: $179,000
  • 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

Unit for rent at 8 Hemlock, Groveland, 01834

$5,500 /mo

  • 4 Beds
  • 2 Baths
  • 3,680 ft²
8 Hemlock, Groveland, 01834 Listing by Tami Mallett

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72345194

Frequently Asked Questions

When was property at 2 Prescott Lane built and last sold?
The property at 2 Prescott Lane was built in 1977 and last sold on Jan 1, 1970 for $445,000.
How much is this home worth?
The estimated value of the home located at 2 Prescott Lane is $453,680.
What are some comparable homes to 2 Prescott Lane?
There are currently no comparable homes to 2 Prescott Lane.
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