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Rockport 01966
2 Spring Ln
$549,000
● House - Off Market

2 Spring Ln

Rockport, MA 01966
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,386 Ft²
$889,967
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

Sunny spot, on a corner lot. Come see this spacious 4 bed, 2 1/2 bath home, that boasts an outdoor hot tub and a large deck perfect for entertaining. Inside, the 4 season, massive sun room highlights a spacious interior with hardwood floors, an eat in kitchen, living room, and cozy family room with gas stove. The basement is finished and has a private entrance with separate parking that would be ideal for an in-law suite or an office. With 4 large bedrooms and close proximity to the schools and the ocean makes this house perfect for any family.
Unit Size
2,386 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$235
Property Type
House
Property Taxes
$453
HOA Dues
-
Year Built
1998

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72121899)

Price History

Date / Event Date Event Price
Oct 30, 2017 Sold
Premium
Sold
Feb 22, 2017 Listed by Lillian Montalto Signature Properties $559,900
Listed by Lillian Montalto Signature Properties
Nov 13, 1998 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 2006
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,134
  • Total Building Area: 2,386
  • Gross Building Area: 3,786
  • Building Area: 2,386
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,386
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000256
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Rockport School District
  • School Tax School District: ROCKPORT SD
  • Census Tract: 220101

Geography

  • Account Number: 4536
  • District: 252
  • Parcel: ROCK M:19 B:87C
  • Block: 87C
  • Lot: 87C
  • Municipality: ROCKPORT
  • Latitude: 42.6534
  • Longitude: -70.6169

    Address

  • Full Address: 2 Spring Ln
  • Address - House Number: 2
  • Address - Street Name: Spring
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Rockport
  • Carrier Code: C004
  • 4-Digit Zip Code: 2111
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $675,500

    Appraisal Valuation

  • Standard Deviation: 0.174
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 975,592
  • High Value: 1,145,381
  • Low Value: 805,802

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $802,300
  • Assessed Land Value: $303,700
  • Assessed Improvements Value: $498,600

    Sales

  • Current Sale Recording Date: Oct 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 587524
  • Previous Sale Recording Date: Nov 13, 1998
  • Previous Sale Amount: $90,000
  • 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 Rockport

Stats & Trends

Median Asking:

$798,500

Sale Price/ft²

$576

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1980 ft²

Average Home Age

127.8 years

Currently For Sale

16 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

Currently no nearby rentals
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72121899

Frequently Asked Questions

When was property at 2 Spring Lane built and last sold?
The property at 2 Spring Lane was built in 1998 and last sold on Jan 1, 1970 for $549,000.
How much is this home worth?
The estimated value of the home located at 2 Spring Lane is $612,274.
What are some comparable homes to 2 Spring Lane?
There are currently no comparable homes to 2 Spring Lane.
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