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Essex
5 Silver Mine Lane
$805,000
● House - Off Market

5 Silver Mine Lane

Georgetown, MA 01833
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,236 Ft²
$746,214
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Welcome to Silver Mine Ln. a wonderful cul de sac neighborhood!  This 4 bedroom Colonial has lots to offer.  A great floor plan, wood floors, large family room with cathedral ceiling, spacious dining room, front to back living room with wood burning fireplace, custom kitchen with stainless appliances and updated half bath.  Central air conditioning, Main bedroom with cathedral ceiling, walk in closet and en suite bath, spacious bedrooms, additional full bath and 3rd floor walk up perfect for 4th bedroom, office or as you see it a fabulous dressing room!  Additional space in the finished lower level, 2 car garage, large deck overlooking a well landscaped back yard with mature plantings and trees.  Close to commuter routes and all the area has to offer!
Unit Size
2,236 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$335
Property Type
House
Property Taxes
$691
HOA Dues
-
Year Built
1989

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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 #73156494)

Price History

Date / Event Date Event Price
Oct 17, 2023 Sold
Premium
Sold
Sep 12, 2023 In contract -
In contract
Sep 7, 2023 Listed by Advisors Living - Merrimac $749,000
Listed by Advisors Living - Merrimac
Jun 8, 2012 Sold
Premium
Sold
Nov 15, 1989 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 40,000
  • Total Building Area: 2,236
  • Gross Building Area: 4,750
  • Building Area: 2,236
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,236
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

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

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265102

Geography

  • District: 105
  • Parcel: GEOR M:00011 B:00000 L:0001J
  • Lot: 1J
  • Municipality: GEORGETOWN
  • Latitude: 42.7321
  • Longitude: -70.9819

    Address

  • Full Address: 5 Silver Mine Ln
  • Address - House Number: 5
  • Address - Street Name: Silver Mine
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R008
  • 4-Digit Zip Code: 1601
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $801,200

    Appraisal Valuation

  • Standard Deviation: 0.1723
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 813,184
  • High Value: 953,357
  • Low Value: 673,011

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $638,400
  • Assessed Land Value: $221,700
  • Assessed Improvements Value: $416,700

    Sales

  • Current Sale Contract Date: Oct 17, 2023
  • Current Sale Recording Date: Oct 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231017003820
  • Previous Sale Recording Date: Jun 08, 2012
  • Previous Sale Amount: $434,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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

Unit for rent at 8 Hemlock, Groveland, 01834

$5,500 /mo

  • 4 Beds
  • 2 Baths
  • 3,680 ft²
8 Hemlock, Groveland, 01834 Listing by Tami Mallett

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73156494

Frequently Asked Questions

When was property at 5 Silvermine Lane built and last sold?
The property at 5 Silvermine Lane was built in 1989 and last sold on Oct 17, 2023 for $805,000.
How much is this home worth?
The estimated value of the home located at 5 Silvermine Lane is $767,615.
What are some comparable homes to 5 Silvermine Lane?
There are currently no comparable homes to 5 Silvermine Lane.
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