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Essex
50 Bailey Ln
$311,000
● House - Off Market

50 Bailey Ln

Georgetown, MA 01833
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,200 Ft²
$611,592
RealtyHop Estimate
103.93%
Since Jul 1, 2004
National-US
Primary Model

About This Property

In the woods.  Private location.  Many updates including, roof, heating system, windows, ceramic tile, Title V.  First showing Sunday 4/25 Open house 12 - 3pm.  Owner is MA licensed real estate salesperson.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$250
Property Type
House
Property Taxes
$187
HOA Dues
-
Year Built
1962

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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: 5 months ago (MLSPIN #70022299)

Price History

Date / Event Date Event Price
Aug 12, 2021 Sold
Premium
Sold
May 18, 2021 Listed by RE/MAX On The River, Inc. $490,000
Listed by RE/MAX On The River, Inc.
Jun 25, 2004 Sold
Premium
Sold
Apr 21, 2004 Listed by RE/MAX On The River, Inc. $299,900
Listed by RE/MAX On The River, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 13,090
  • Total Building Area: 1,096
  • Gross Building Area: 2,256
  • Building Area: 1,096
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,096
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE MOHAWK PARK
  • Land Acres: 0000000301
  • 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: 265101

Geography

  • District: 105
  • Parcel: GEOR M:0021A B:00000 L:00033
  • Lot: 33
  • Municipality: GEORGETOWN
  • Latitude: 42.7264
  • Longitude: -71.0105

    Address

  • Full Address: 50 Bailey Ln
  • Address - House Number: 50
  • Address - Street Name: Bailey
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Georgetown
  • Carrier Code: C033
  • 4-Digit Zip Code: 1329
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $649,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 675,504
  • High Value: 791,146
  • Low Value: 559,862

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $517,100
  • Assessed Land Value: $158,600
  • Assessed Improvements Value: $358,500

    Sales

  • Current Sale Contract Date: Aug 12, 2021
  • Current Sale Recording Date: Aug 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210812002830
  • Previous Sale Recording Date: Jun 25, 2004
  • Previous Sale Amount: $311,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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: 5 months ago
Data Source: MLS PIN, MLS# 70022299

Frequently Asked Questions

When was property at 50 Bailey Lane built and last sold?
The property at 50 Bailey Lane was built in 1962 and last sold on Aug 12, 2021 for $549,450.
How much is this home worth?
The estimated value of the home located at 50 Bailey Lane is $513,579.
What are some comparable homes to 50 Bailey Lane?
There are currently no comparable homes to 50 Bailey Lane.
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