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Topsfield 01983
5 Orchard Lane
$254,000
● Land - Off Market

5 Orchard Lane

Topsfield, MA 01983
bedrooms
Studio
bathrooms
0 Bath
$450,389
RealtyHop Estimate
55.84%
Since Oct 1, 2017
MA-Boston
Primary Model

About This Property

Calling all those who want to build their own home on quiet cul de in a well established neighborhood within walking distance to the Village.  5 Bedroom approved septic system design!
Unit Size
-
Days on Market
-
Land Size
0.92 acres
Price per sqft
-
Property Type
Land
Property Taxes
$271
HOA Dues
-
Year Built
2018

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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 #72064366)

Price History

Date / Event Date Event Price
Sep 12, 2017 Sold
Premium
Sold
Sep 8, 2016 Listed by The Martin Group, Inc. $289,000
Listed by The Martin Group, Inc.
May 1, 2015 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • 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: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 512
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,001
  • Total Building Area: 3,066
  • Gross Building Area: 6,142
  • Building Area: 3,066
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,066
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000918
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 214100

Zoning

  • Zoning: IRA

Geography

  • Account Number: 436
  • Parcel: TOPS M:0024 B:0058 L:
  • Block: 58
  • Municipality: TOPSFIELD
  • Latitude: 42.6499
  • Longitude: -70.9546

    Address

  • Full Address: 5 Orchard Ln
  • Address - House Number: 5
  • Address - Street Name: Orchard
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Topsfield
  • Carrier Code: C005
  • 4-Digit Zip Code: 1310
  • Zip Code: 01983

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,516,300

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,021,937
  • High Value: 1,183,356
  • Low Value: 860,518

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,032,200
  • Assessed Land Value: $252,500
  • Assessed Improvements Value: $779,700

    Sales

  • Current Sale Recording Date: Sep 12, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 421
  • Previous Sale Recording Date: May 01, 2015
  • Previous Sale Amount: $140,000
  • 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 Topsfield

Stats & Trends

Median Asking:

$849,000

Sale Price/ft²

$387

Above Asking

0.00%

Average Days on Market

53

Average Home Size

3849 ft²

Average Home Age

80.6 years

Currently For Sale

5 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: 5 months ago
Data Source: MLS PIN, MLS# 72064366

Frequently Asked Questions

When was property at 5 Orchard Lane built and last sold?
The property at 5 Orchard Lane was built in 2018 and last sold on Jan 1, 1970 for $254,000.
How much is this home worth?
The estimated value of the home located at 5 Orchard Lane is $291,890.
What are some comparable homes to 5 Orchard Lane?
There are currently no comparable homes to 5 Orchard Lane.
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