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Lunenburg 01462
3 Oak Ave.
$205,000
● House - Off Market

3 Oak Ave.

Lunenburg, MA 01462
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,673 Ft²
$375,721
RealtyHop Estimate
70.78%
Since Jun 1, 2016
National-US
Primary Model

About This Property

Set in the historic town center, this 1850's classic New England home known as The Marshall Cottage, retains much of its days-gone-by charm. Formal fireplaced dining room, oversized well-lit living room in open concept with dining room, beautiful wood floors, and 8' ceilings provide lovely spaces to enjoy. Walk-up attic has possibility. Huge extended farmer's porch to enjoy all summer long.  Historic Marshall Pond is across the road. Plantings and trees line the borders.  Additional back enclosed porch offers a 3-season hide-away space overlooking spacious back yard.  The attached barn is full of history, providing work space.  Huge potential for taking this grand home into its next phase.  Walk to shops, post office, library, town events, and enjoy one of Massachusett's premier commutable country towns.
Unit Size
1,673 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$132
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1852

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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: 5 months ago (MLSPIN #71973946)

Price History

Date / Event Date Event Price
May 26, 2016 Sold
Premium
Sold
Mar 17, 2016 Listed by Keller Williams Realty-Merrimack $220,000
Listed by Keller Williams Realty-Merrimack

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1852
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,651
  • Total Building Area: 1,747
  • Gross Building Area: 3,197
  • Building Area: 1,747
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,747
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lunenburg School District
  • School Tax School District: LUNENBURG SD
  • Census Tract: 712101

Zoning

  • Zoning: RA

Geography

  • Account Number: 1620600002700000
  • Parcel: LUNE M:060.0 B:0027 L:0000.0
  • Block: 27
  • Municipality: LUNENBURG
  • Latitude: 42.5991
  • Longitude: -71.7247

    Address

  • Full Address: 3 Oak Ave
  • Address - House Number: 3
  • Address - Street Name: Oak
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: C003
  • 4-Digit Zip Code: 1440
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $525,400

    Appraisal Valuation

  • Standard Deviation: 0.2349
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 53
  • Final Value: 276,446
  • High Value: 341,391
  • Low Value: 211,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $359,400
  • Assessed Land Value: $107,500
  • Assessed Improvements Value: $251,900

    Sales

  • Current Sale Recording Date: May 26, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8502
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 Lunenburg

Stats & Trends

Median Asking:

$518,000

Sale Price/ft²

$295

Below Asking

0.02%

Average Days on Market

54

Average Home Size

3022 ft²

Average Home Age

62.8 years

Currently For Sale

9 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71973946

Frequently Asked Questions

When was property at 3 Oak Avenue built and last sold?
The property at 3 Oak Avenue was built in 1852 and last sold on Jan 1, 1970 for $205,000.
How much is this home worth?
The estimated value of the home located at 3 Oak Avenue is $233,039.
What are some comparable homes to 3 Oak Avenue?
There are currently no comparable homes to 3 Oak Avenue.
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