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Essex 01983
34 Timber Lane
Photo of 34 Timber Lane
Sold on Oct 9, 2009

1

Map

$375,000
● House - Off Market

34 Timber Lane

Topsfield, MA 01983
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,324 Ft²
$831,459
RealtyHop Estimate
107.92%
Since Nov 1, 2009
MA-Boston
Primary Model

About This Property

Set on a 2 acre wooded lot near the end of a cul-de-sac this well cared for home features hardwood floors on the upper level, 2 car garage, 2 just redone decks & sliders and a freshly painted exterior. Bonus 700 sq ft of space on lower level w/ newer carpeting, 4th bedroom, 3rd full bath, laundry, fireplace, family room w/ sliders.  Enjoy the natural surroundings from the balcony off the kitchen and dining room or the deck a few steps down from the balcony.
Unit Size
1,324 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$302
Property Type
House
Property Taxes
$523
HOA Dues
-
Year Built
1975

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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 #70963104)

Price History

Date / Event Date Event Price
Oct 9, 2009 Sold
Premium
Sold
Aug 17, 2009 Listed $399,900
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 774
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 1,672
  • Gross Building Area: 3,486
  • Building Area: 1,672
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,672
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 214100

Zoning

  • Zoning: ORA

Geography

  • Account Number: 118
  • Parcel: TOPS M:0011 B:0026 L:
  • Block: 26
  • Municipality: TOPSFIELD
  • Latitude: 42.6593
  • Longitude: -70.9459

    Address

  • Full Address: 34 Timber Ln
  • Address - House Number: 34
  • Address - Street Name: Timber
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Topsfield
  • Carrier Code: R002
  • 4-Digit Zip Code: 1108
  • Zip Code: 01983

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $926,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 751,328
  • High Value: 870,004
  • Low Value: 632,653

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $630,500
  • Assessed Land Value: $331,100
  • Assessed Improvements Value: $299,400

    Sales

  • Current Sale Recording Date: Oct 09, 2009
  • Current Sale Price:
    Premium
  • Current 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70963104

Frequently Asked Questions

When was property at 34 Timber Lane built and last sold?
The property at 34 Timber Lane was built in 1975 and last sold on Jan 1, 1970 for $375,000.
How much is this home worth?
The estimated value of the home located at 34 Timber Lane is $407,769.
What are some comparable homes to 34 Timber Lane?
There are currently no comparable homes to 34 Timber Lane.
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