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Essex
53 Lakeshore Drive
$552,000
● House - Off Market

53 Lakeshore Drive

Georgetown, MA 01833
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,600 Ft²
$544,086
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

LOCATION, LOCATION, LOCATION, Describes the 6 Room 3 Bedroom 1 Bath Ranch Home Adjacent to Rock Pond. This Home is Currently Assessed as a Three Bedroom Home. A Wall was Removed to Make a Den Next to the Living Room. The Wall Could Easily Be Reinstalled to Turn Tt Back into the Third Bedroom. This Home Offers a Large Skylit Kitchen Area, Large Family Room with a Wood Stove and a Cathedral Ceiling. Hardwood Floors. An Extra Large Screened Room in the Rear Overlooking a 24,810 Sq. Ft. Lot.  An Excellent Value. Easy to Show.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$337
Property Type
House
Property Taxes
$490
HOA Dues
-
Year Built
1964

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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 #73102265)

Price History

Date / Event Date Event Price
May 31, 2023 Sold
Premium
Sold
May 1, 2023 In contract -
In contract
Apr 24, 2023 Listed by RE/MAX Main St. Associates $539,900
Listed by RE/MAX Main St. Associates

Property Highlights

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 24,810
  • Total Building Area: 1,600
  • Gross Building Area: 3,642
  • Building Area: 1,600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,600
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000570
  • 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:00021 B:00000 L:00054
  • Lot: 54
  • Municipality: GEORGETOWN
  • Latitude: 42.7246
  • Longitude: -71.0031

    Address

  • Full Address: 53 Lakeshore Dr
  • Address - House Number: 53
  • Address - Street Name: Lakeshore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Georgetown
  • Carrier Code: C033
  • 4-Digit Zip Code: 1925
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $694,100

    Appraisal Valuation

  • Standard Deviation: 0.1836
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 595,741
  • High Value: 705,124
  • Low Value: 486,358

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $553,100
  • Assessed Land Value: $182,900
  • Assessed Improvements Value: $370,200

    Sales

  • Current Sale Contract Date: May 31, 2023
  • Current Sale Recording Date: May 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230531005220
  • Previous Sale Recording Date: Jul 02, 2014
  • 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:

$699,500

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2546 ft²

Average Home Age

72.5 years

Currently For Sale

1487 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

$5,000 /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# 73102265

Frequently Asked Questions

When was property at 53 Lake Shore Drive built and last sold?
The property at 53 Lake Shore Drive was built in 1964 and last sold on May 31, 2023 for $552,000.
How much is this home worth?
The estimated value of the home located at 53 Lake Shore Drive is $552,300.
What are some comparable homes to 53 Lake Shore Drive?
There are currently no comparable homes to 53 Lake Shore Drive.
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