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Palmer Town 01069
5 Lauren Drive
Photo of 5 Lauren Drive
Sold on Jul 30, 2007

1

Map

$229,000
● House - Off Market

5 Lauren Drive

Palmer, MA 01069
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,536 Ft²
$404,907
RealtyHop Estimate
72.37%
Since Aug 1, 2007
National-US
Primary Model

About This Property

Well maintained 4 bedroom,2 full bath, Cape located in desirable Countryside Acres. Home offers detached garage, sprinkler system, and 18X33 above ground pool.Propane gas stove in living room used as main heat source with electric heat used as secondary. Partial finished basement:framed, insulated, rough electric, ready to be finished.  Seller has converted electric appliances to gas. New hot water heater and well pump April of 2007.  Easy commute to MA pike and walking distance to Forest Lake.
Unit Size
1,536 Ft²
Days on Market
-
Land Size
0.76 acres
Price per sqft
$153
Property Type
House
Property Taxes
$244
HOA Dues
$200
Year Built
1990

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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 months ago (MLSPIN #70551186)

Price History

Date / Event Date Event Price
Jul 30, 2007 Sold
Premium
Sold
Apr 2, 2007 Listed $234,900
Listed
Jun 29, 2001 Sold
Premium
Sold
Apr 24, 2001 Listed $149,900
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 33,710
  • Total Building Area: 1,404
  • Gross Building Area: 4,804
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000774
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Palmer School District
  • Census Tract: 810100

Geography

  • Parcel: PALM M:37 B:18 L:2
  • Block: 18
  • Lot: 2
  • Municipality: PALMER
  • Latitude: 42.2112
  • Longitude: -72.3062

    Address

  • Full Address: 5 Lauren Dr
  • Address - House Number: 5
  • Address - Street Name: Lauren
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Palmer
  • Carrier Code: R002
  • 4-Digit Zip Code: 9669
  • Zip Code: 01069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $585,500

    Appraisal Valuation

  • Standard Deviation: 0.1915
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 366,677
  • High Value: 436,913
  • Low Value: 296,441

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $301,200
  • Assessed Land Value: $57,500
  • Assessed Improvements Value: $243,700

    Sales

  • Current Sale Recording Date: Jul 30, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 29, 2001
  • Previous Sale Amount: $149,900
  • 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 Palmer Town

Stats & Trends

Median Asking:

$339,950

Sale Price/ft²

$224

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2205 ft²

Average Home Age

65.9 years

Currently For Sale

32 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: 5 months ago
Data Source: MLS PIN, MLS# 70551186

Frequently Asked Questions

When was property at 5 Lauren Drive built and last sold?
The property at 5 Lauren Drive was built in 1990 and last sold on Jan 1, 1970 for $229,000.
How much is this home worth?
The estimated value of the home located at 5 Lauren Drive is $238,675.
What are some comparable homes to 5 Lauren Drive?
There are currently no comparable homes to 5 Lauren Drive.
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