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Revere 02151 West Revere
41 Lantern Rd.
$602,000
● House - Off Market

41 Lantern Rd.

Revere, MA 02151
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,536 Ft²
$799,310
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Pride of Ownership describes this beautiful and well kept  Raised Ranch in West Revere featuring 3 bedrooms on 1st level and 1 bedroom in basement with separate living quarters and entrance for expansion possibilities. Home has hardwood floors throughout first floor with family room and bar area in basement area. Stainless steel appliances, newer gas heating system, 8 year old roof, 2 year old windows, level lot with patio area in the back, storage shed  & beautiful manicured yard. Over 2500+ square feet of living and can be easily turned into a 2 family with city approval.
Unit Size
2,536 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$244
Property Type
House
Property Taxes
$470
HOA Dues
-
Year Built
1960

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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 years ago (MLSPIN #72674024)

Price History

Date / Event Date Event Price
Oct 1, 2020 Sold
Premium
Sold
Jun 15, 2020 Listed by Century 21 North East $619,999
Listed by Century 21 North East
Dec 22, 1995 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,274
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,408
  • Total Building Area: 2,473
  • Gross Building Area: 2,660
  • Building Area: 2,473
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,473
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000101
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Revere School District
  • School Tax School District: REVERE SD
  • Census Tract: 170301

Zoning

  • Zoning: RB

Geography

  • Account Number: 28/439I/12
  • Parcel: REVE M:28 B:439I L:12
  • Block: 439I
  • Lot: 12
  • Municipality: REVERE
  • Latitude: 42.4215
  • Longitude: -71.0147

    Address

  • Full Address: 41 Lantern Rd
  • Address - House Number: 41
  • Address - Street Name: Lantern
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Revere
  • Carrier Code: C068
  • 4-Digit Zip Code: 5617
  • Zip Code: 02151

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $640,000

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 78
  • Final Value: 824,525
  • High Value: 963,707
  • Low Value: 685,343

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $673,000
  • Assessed Land Value: $225,900
  • Assessed Improvements Value: $447,100

    Sales

  • Current Sale Contract Date: Sep 29, 2020
  • Current Sale Recording Date: Oct 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 84982
  • Previous Sale Recording Date: Dec 22, 1995
  • Previous Sale Amount: $130,000
  • 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 West Revere

Stats & Trends

Median Asking:

$714,999

Sale Price/ft²

$399

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1978 ft²

Average Home Age

65.4 years

Currently For Sale

42 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: 5 years ago
Data Source: MLS PIN, MLS# 72674024

Frequently Asked Questions

When was property at 41 Lantern Road built and last sold?
The property at 41 Lantern Road was built in 1960 and last sold on Sep 29, 2020 for $602,000.
How much is this home worth?
The estimated value of the home located at 41 Lantern Road is $641,089.
What are some comparable homes to 41 Lantern Road?
There are currently no comparable homes to 41 Lantern Road.
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