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Malden 02148 Maplewood
55 Lanark Road
$309,900
● House - Off Market

55 Lanark Road

Malden, MA 02148
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,424 Ft²
$547,488
RealtyHop Estimate
82.56%
Since Feb 1, 2015
MA-Boston
Primary Model

About This Property

BACK ON MARKET: BUYERS FINANCING HAS FALLEN THROUGH: Much loved cape style home in a neighborhood settng on a  small cul-de-sac street.  Eat-in Kitchen, open living room and dining room with lots of light. Bedroom and full bath on first floor. Two spacious front to back bedrooms on 2nd floor. HARDWOOD FLOORS  THROUGHOUT  make this home right for anyone with allergies too. Finished lower level has tiled 1/2 bath, family room 20X10  with  new carpet, paint, recessed lighting  and sliders to private well planted and cared for yard. Off Street parking.   AFFORDABLE, MOVE IN READY AND COMMUTER FRIENDLY LOCATION  IS A PERFECT COMBINATION FOR HOME OWNERSHIP.
Unit Size
1,424 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$211
Property Type
House
Property Taxes
$360
HOA Dues
-
Year Built
1952

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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 #71758788)

Price History

Date / Event Date Event Price
Aug 2, 2021 Sold
Premium
Sold
Jun 9, 2021 Listed by RE/MAX Encore $549,900
Listed by RE/MAX Encore
Jan 30, 2015 Sold
Premium
Sold
Oct 17, 2014 Listed by RE/MAX Encore $299,900
Listed by RE/MAX Encore

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 750
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,876
  • Total Building Area: 1,125
  • Gross Building Area: 2,340
  • Building Area: 1,125
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,125
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000135
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Malden School District
  • School Tax School District: MALDEN SD
  • Census Tract: 341600

Zoning

  • Zoning: RESA

Geography

  • Parcel: MALD M:112 B:805 L:518
  • Block: 805
  • Lot: 518
  • Municipality: MALDEN
  • Latitude: 42.4393
  • Longitude: -71.0536

    Address

  • Full Address: 55 Lanark Rd
  • Address - House Number: 55
  • Address - Street Name: Lanark
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Malden
  • Carrier Code: C034
  • 4-Digit Zip Code: 1608
  • Zip Code: 02148

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $732,700

    Appraisal Valuation

  • Standard Deviation: 0.1537
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 745,438
  • High Value: 860,026
  • Low Value: 630,849

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $626,800
  • Assessed Land Value: $294,700
  • Assessed Improvements Value: $332,100

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Aug 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 172913
  • Previous Sale Recording Date: Jan 30, 2015
  • Previous Sale Amount: $309,900
  • 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 Maplewood

Stats & Trends

Median Asking:

$724,900

Sale Price/ft²

$414

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2467 ft²

Average Home Age

96.5 years

Currently For Sale

36 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 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71758788

Frequently Asked Questions

When was property at 55 Lanark Road built and last sold?
The property at 55 Lanark Road was built in 1952 and last sold on Jul 30, 2021 for $631,500.
How much is this home worth?
The estimated value of the home located at 55 Lanark Road is $552,431.
What are some comparable homes to 55 Lanark Road?
There are currently no comparable homes to 55 Lanark Road.
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