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Maynard 01754
5 Elm Ct
$565,000
● House - Off Market

5 Elm Ct

Maynard, MA 01754
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,052 Ft²
$591,204
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Back on market after being fully revamped inside and out, including brand new electrical system!  Wonderful 4 Bed 1/1 Bath Colonial in a great Maynard neighborhood. This home features tons of natural light, new soft close cabinets, quartz countertops, new stainless-steel appliances, lighting fixtures, renovated baths and refinished hardwood floors. Fresh exterior paint, new garage roof and custom-built garage doors. The 1st floor has large open spaces for living, dining and kitchen, complete with an office and half bath with laundry. The 2nd floor boasts large bright bedrooms, full bath and walk-up attic. Close proximity to downtown, Maynard Crossing, walking/jogging and bike paths the list goes on!
Unit Size
2,052 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$275
Property Type
House
Property Taxes
$693
HOA Dues
-
Year Built
1924

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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 #72969965)

Price History

Date / Event Date Event Price
Oct 14, 2022 Sold
Premium
Sold
Sep 27, 2022 In contract -
In contract
Sep 27, 2022 Relisted $351,000
Relisted
Sep 18, 2022 In contract -
In contract
Apr 21, 2022 Listed by Michael Smith Real Estate $565,000
Listed by Michael Smith Real Estate
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 978
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,151
  • Total Building Area: 2,052
  • Gross Building Area: 3,114
  • Building Area: 2,052
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,052
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAYNARD
  • Land Acres: 0000000256
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Maynard School District
  • School Tax School District: MAYNARD SD
  • Census Tract: 364101

Zoning

  • Zoning: R1

Geography

  • Account Number: 503
  • Parcel: MAYN M:009.0 P:250.0
  • Municipality: MAYNARD
  • Latitude: 42.4399
  • Longitude: -71.4547

    Address

  • Full Address: 5 Elm Ct
  • Address - House Number: 5
  • Address - Street Name: Elm
  • Address - Suffix Type: Ct
  • State: MA
  • City Name: Maynard
  • Carrier Code: C001
  • 4-Digit Zip Code: 1101
  • Zip Code: 01754

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $922,900

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 668,066
  • High Value: 791,211
  • Low Value: 544,921

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $486,500
  • Assessed Land Value: $252,300
  • Assessed Improvements Value: $234,200

    Sales

  • Current Sale Contract Date: Oct 13, 2022
  • Current Sale Recording Date: Oct 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 153740
  • Previous Sale Recording Date: Dec 15, 2021
  • Previous Sale Contract Date: Dec 14, 2021
  • Previous Sale Amount: $351,000
  • Previous Sale Document Type: O
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 Maynard

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$351

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2092 ft²

Average Home Age

87.5 years

Currently For Sale

24 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# 72969965

Frequently Asked Questions

When was property at 5 Elm Court built and last sold?
The property at 5 Elm Court was built in 1924 and last sold on Oct 13, 2022 for $565,000.
How much is this home worth?
The estimated value of the home located at 5 Elm Court is $562,944.
What are some comparable homes to 5 Elm Court?
There are currently no comparable homes to 5 Elm Court.
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