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Middlesex
5 Cranberry Ln
$618,500
● House - Off Market

5 Cranberry Ln

Chelmsford, MA 01824
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,034 Ft²
$646,359
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

So much potential! Located on over an acre of land on a quiet cul-de-sac in a premier Chelmsford neighborhood, this colonial home needs some updating and TLC, but the spacious rooms and a great layout make this a diamond in the rough! A fireplaced family room with sliders to the back yard. The sizable front living room with large bay window, separate dining room and large eat-in kitchen with ample cabinet space. Front to Back Primary Bedroom offering a private bath and sitting room. The walk-in attic makes storage simple and easy! The basement could easily be finished to add to the living space. The possibilities are endless to refinish this home and make it shine again!
Unit Size
2,034 Ft²
Days on Market
-
Land Size
1.18 acres
Price per sqft
$320
Property Type
House
Property Taxes
$633
HOA Dues
-
Year Built
1968

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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: 6 months ago (MLSPIN #73127755)

Price History

Date / Event Date Event Price
Aug 14, 2023 Sold
Premium
Sold
Jul 3, 2023 In contract -
In contract
Jun 21, 2023 Listed by Coldwell Banker Realty - Concord $650,000
Listed by Coldwell Banker Realty - Concord
Sep 23, 2022 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 51,401
  • Total Building Area: 2,034
  • Gross Building Area: 3,810
  • Building Area: 2,034
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,034
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001180
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Chelmsford School District
  • School Tax School District: CHELMSFORD SD
  • Census Tract: 317103

Geography

  • Account Number: 10387
  • Parcel: CHEL M:0125 B:0475 L:18
  • Block: 475
  • Lot: 18
  • Municipality: CHELMSFORD
  • Latitude: 42.5648
  • Longitude: -71.3665

    Address

  • Full Address: 5 Cranberry Ln
  • Address - House Number: 5
  • Address - Street Name: Cranberry
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Chelmsford
  • Carrier Code: C001
  • 4-Digit Zip Code: 4445
  • Zip Code: 01824

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $760,000

    Appraisal Valuation

  • Standard Deviation: 0.1845
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 670,999
  • High Value: 794,863
  • Low Value: 547,134

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $528,900
  • Assessed Land Value: $383,800
  • Assessed Improvements Value: $145,100

    Sales

  • Current Sale Contract Date: Aug 14, 2023
  • Current Sale Recording Date: Aug 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23634
  • Previous Sale Recording Date: Sep 23, 2022
  • Previous Sale Contract Date: Sep 22, 2022
  • Previous Sale Amount: $455,000
  • 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 Middlesex

Stats & Trends

Median Asking:

$822,000

Sale Price/ft²

$439

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2697 ft²

Average Home Age

65.4 years

Currently For Sale

3026 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: 6 months ago
Data Source: MLS PIN, MLS# 73127755

Frequently Asked Questions

When was property at 5 Cranberry Lane built and last sold?
The property at 5 Cranberry Lane was built in 1968 and last sold on Aug 14, 2023 for $618,500.
How much is this home worth?
The estimated value of the home located at 5 Cranberry Lane is $667,614.
What are some comparable homes to 5 Cranberry Lane?
There are currently no comparable homes to 5 Cranberry Lane.
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