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Essex
27 Burnside Lane
$415,000
● House - Off Market

27 Burnside Lane

Merrimac, MA 01860
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,039 Ft²
$818,733
RealtyHop Estimate
94.94%
Since Jan 1, 2014
National-US
Primary Model

About This Property

Merrimac has an excellent school system. Set into Fall with private yard and play space.  Spacious Colonial w/ very flexible floor plan & the most stunning private  backyard with in ground pool, waterfall and spa area! Located on sought after cul de sac. fl. open floor plan includes, Eat in Kitchen, fire-placed family room, living room PLUS  master(25x25)  w/ large walk incloset  2nd fl. has 3 over sized bedrooms& 2 baths. one of the bedrooms has its own full bath and walk in closet.,  Walk out basement features huge media room and  workshop. OS garage. Great cul de sac neighborhood with simliar sized homes, convenient yet private
Unit Size
3,039 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$138
Property Type
House
Property Taxes
$487
HOA Dues
-
Year Built
1993

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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 #71533400)

Price History

Date / Event Date Event Price
Dec 13, 2013 Sold
Premium
Sold
May 29, 2013 Listed by RE/MAX Advantage Real Estate $420,000
Listed by RE/MAX Advantage Real Estate
Jul 30, 2008 Sold
Premium
Sold
Nov 30, 2007 Listed by RE/MAX Advantage Real Estate $450,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 936
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 23,836
  • Total Building Area: 3,039
  • Gross Building Area: 4,270
  • Building Area: 3,039
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,039
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALLEY ESTATES
  • Land Acres: 0000000547
  • 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:017-B
  • Block: 1
  • Lot: 17-B
  • Municipality: MERRIMAC
  • Latitude: 42.8367
  • Longitude: -70.9777

    Address

  • Full Address: 27 Burnside Ln
  • Address - House Number: 27
  • Address - Street Name: Burnside
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C002
  • 4-Digit Zip Code: 2106
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $923,900

    Appraisal Valuation

  • Standard Deviation: 0.1574
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 794,208
  • High Value: 919,010
  • Low Value: 669,405

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $684,400
  • Assessed Land Value: $306,600
  • Assessed Improvements Value: $377,800

    Sales

  • Current Sale Recording Date: Dec 13, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 387
  • Previous Sale Recording Date: Jul 30, 2008
  • Previous Sale Amount: $427,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2534 ft²

Average Home Age

72.8 years

Currently For Sale

1454 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: 5 months ago
Data Source: MLS PIN, MLS# 71533400

Frequently Asked Questions

When was property at 27 Burnside Lane built and last sold?
The property at 27 Burnside Lane was built in 1993 and last sold on Jan 1, 1970 for $415,000.
How much is this home worth?
The estimated value of the home located at 27 Burnside Lane is $461,217.
What are some comparable homes to 27 Burnside Lane?
There are currently no comparable homes to 27 Burnside Lane.
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