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Middlesex 01432
5 Madigan Ln
$575,000
● House - Off Market

5 Madigan Ln

Ayer, MA 01432
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,220 Ft²
$562,697
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

If Some Space is What You Desire-5 Madigan Lane is For You!   This spacious beauty is located in a lovely cul-de-sac neighborhood near the Groton line.  Built in the 80's and although well taken care of over the years, the home needs some updating and 2020's imagination and flair.  It would not take too much effort to bring this sprawling brick home to modern decor standards as it is currently super clean and comfortable and has a newer Buderas heating system in place.  Bring your imagination and build instant equity in this home that is priced for you to do so.  First showings at open house Saturday 6/4 and Sunday 6/5 from 2:00-4:00 PM.
Unit Size
2,220 Ft²
Days on Market
-
Land Size
0.88 acres
Price per sqft
$248
Property Type
House
Property Taxes
$609
HOA Dues
-
Year Built
1982

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72991277)

Price History

Date / Event Date Event Price
Jul 13, 2022 Sold
Premium
Sold
Jun 2, 2022 Listed by Team Realty $550,000
Listed by Team Realty
Nov 23, 2011 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1995
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 2,220
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,333
  • Total Building Area: 2,220
  • Building Area: 2,220
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,220
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000880
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ayer-Shirley School District
  • School Tax School District: AYER SHIRLEY SD
  • Census Tract: 325102

Zoning

  • Zoning: A1

Geography

  • Parcel: AYER M:004 B:0000 L:0033
  • Lot: 33
  • Municipality: AYER
  • Latitude: 42.5757
  • Longitude: -71.5753

    Address

  • Full Address: 5 Madigan Ln
  • Address - House Number: 5
  • Address - Street Name: Madigan
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Ayer
  • Carrier Code: C003
  • 4-Digit Zip Code: 1164
  • Zip Code: 01432

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $750,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1853
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 728,426
  • High Value: 863,411
  • Low Value: 593,441

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $604,300
  • Assessed Land Value: $187,100
  • Assessed Improvements Value: $417,200

    Sales

  • Current Sale Contract Date: Jul 12, 2022
  • Current Sale Recording Date: Jul 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 106290
  • Previous Sale Recording Date: Jan 02, 2015
  • 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:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2700 ft²

Average Home Age

62.6 years

Currently For Sale

3165 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# 72991277

Frequently Asked Questions

When was property at 5 Madigan Lane built and last sold?
The property at 5 Madigan Lane was built in 1982 and last sold on Jul 12, 2022 for $575,000.
How much is this home worth?
The estimated value of the home located at 5 Madigan Lane is $581,148.
What are some comparable homes to 5 Madigan Lane?
There are currently no comparable homes to 5 Madigan Lane.
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