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Rockingham 03038
5 Lester Lane
Listed by: Ralph Valentine, The Valentine Group, Selling Office: RE/MAX Bentley's, Listing Courtesy of Prime MLS
$135,000
● Land - Off Market

5 Lester Lane

Derry, NH 03038
bedrooms
Studio
bathrooms
0 Bath
$132,899
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Build your home in this established Derry neighborhood on a dead-end street.  This lot is a former community well site.  The 2 wells have been filled in but the pump house and some other infrastructure remain.  See the Seller disclosure for full details. There is a driveway into the lot, and there are 200 AMPS of electric service on the lot. Zoning requires minimum frontage of 150 ft. at the 35 ft. front setback, this lot exceeds that, with 182 ft. of frontage at the 35 ft. front yard setback.  Seller believes that this is a buildable lot, but Buyer MUST validate this at Buyer's effort and expense.
Unit Size
-
Days on Market
-
Land Size
2.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

Payment Calculator (Computations Provided by RealtyHop)

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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: 3 years ago (Prime MLS #4919306)

Price History

Date / Event Date Event Price
Feb 1, 2024 Sold
Premium
Sold
Dec 9, 2023 Listed by The Valentine Group $864,900
Listed by The Valentine Group
Jul 28, 2022 Sold
Premium
Sold
Jul 6, 2022 Listed by The Valentine Group $129,900
Listed by The Valentine Group

Property Highlights

Garage

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 95,832
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000002200
  • Standard Land Use Code: 8016
  • County Land Use Code: 106

Neighborhood

  • School District Name: Derry School District
  • School Tax School District: DERRY COOP
  • Census Tract: 003500

Zoning

  • Zoning: LMDR

Geography

  • Parcel: DERY M:3 B:169 L:60
  • Block: 169
  • Lot: 60
  • Municipality: DERRY
  • Latitude: 42.8598
  • Longitude: -71.2743

    Address

  • Full Address: 5 Lester Ln
  • Address - House Number: 5
  • Address - Street Name: Lester
  • Address - Suffix Type: Ln
  • State: NH
  • City Name: Derry
  • Zip Code: 03038

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $203,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $98,200
  • Assessed Land Value: $90,000
  • Assessed Improvements Value: $8,200

    Sales

  • Current Sale Contract Date: Jan 31, 2024
  • Current Sale Recording Date: Feb 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 24002969
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 Rockingham

Stats & Trends

Median Asking:

$625,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2902 ft²

Average Home Age

50.2 years

Currently For Sale

1004 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

Click here to view more rentals in the neighborhood.
Prime

Listed by: Ralph Valentine, The Valentine Group
Last Updated Date: 2022-07-28
Last Checked: -2 hour ago
Data Source: Prime MLS, MLS# 4919306
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 5 Lester Lane built and last sold?
The property at 5 Lester Lane was built in and last sold on Jan 31, 2024 for $874,933.
How much is this home worth?
The estimated value of the home located at 5 Lester Lane is $868,010.
What are some comparable homes to 5 Lester Lane?
There are currently no comparable homes to 5 Lester Lane.
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