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Essex
4 Sumac Ln
Photo of 4 Sumac Ln
Sold on Jul 2, 2008

1

Map

$950,000
● House - Off Market

4 Sumac Ln

Manchester, MA 01944
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,850 Ft²
$1,964,418
RealtyHop Estimate
96.74%
Since Aug 1, 2008
MA-Boston
Primary Model

About This Property

Charming 1800's home on a quiete street in the village. Exquisitely maintained 3/4bdrms completely updated. A short walk to schools,town & beach.Fenced in yard. New custom kitchen w/granite counters,stainless appliances. Large addition includes family room w/fireplace 0ff the kitchen & master bedroom suite 2 walk-in closets, & master bath. Den or 4th bedroom on 1st floor. Private setting abutting conservation land. All new systems including heating, central air, plumbing & electrical.
Unit Size
2,850 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$350
Property Type
House
Property Taxes
$394
HOA Dues
-
Year Built
1846

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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 #70736892)

Price History

Date / Event Date Event Price
Jul 2, 2008 Sold
Premium
Sold
Jan 26, 2008 Listed $998,500
Listed
Aug 30, 2002 Sold
Premium
Sold
Jun 8, 2002 Listed $585,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1846
  • Effective Year Built: 1846
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 612
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,352
  • Total Building Area: 2,566
  • Gross Building Area: 3,409
  • Building Area: 2,566
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,566
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000261
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Manchester Essex Regional School District
  • School Tax School District: MANCHSTR ESSEX
  • Census Tract: 218100

Zoning

  • Zoning: B

Geography

  • District: 166
  • Parcel: MANC M:0042 B:0000 L:0015
  • Lot: 15
  • Municipality: MANCHESTER
  • Latitude: 42.579
  • Longitude: -70.7719

    Address

  • Full Address: 4 Sumac Ln
  • Address - House Number: 4
  • Address - Street Name: Sumac
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Manchester
  • Carrier Code: C003
  • 4-Digit Zip Code: 1345
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,012,300

    Appraisal Valuation

  • Standard Deviation: 0.2123
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 1,528,936
  • High Value: 1,853,139
  • Low Value: 1,204,733

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,082,700
  • Assessed Land Value: $448,500
  • Assessed Improvements Value: $634,200

    Sales

  • Current Sale Recording Date: Jul 02, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 30, 2002
  • Previous Sale Amount: $575,000
  • 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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70736892

Frequently Asked Questions

When was property at 4 Sumac Lane built and last sold?
The property at 4 Sumac Lane was built in 1846 and last sold on Jan 1, 1970 for $950,000.
How much is this home worth?
The estimated value of the home located at 4 Sumac Lane is $1,006,565.
What are some comparable homes to 4 Sumac Lane?
There are currently no comparable homes to 4 Sumac Lane.
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