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Essex
6 Burnside Lane
$344,000
● House - Off Market

6 Burnside Lane

Merrimac, MA 01860
bedrooms
1 Bed
bathrooms
1 Bath
square feet
596 Ft²
$355,150
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Great condo alternative!  Don't miss this ranch, 1BR  with walk-in closet, one full bath with a tiled shower.   This updated house is in move in condition.   Maintenance free exterior features cedar impression composite shingle siding and trim, Harvey windows, and new gutters.  New kitchen cabinets with quartz countertop and subway tile backsplash.  Interior has been completely repainted with all new trim and moldings throughout.  Tankless gas hot water heater installed in 2017, and heating system replaced in 2020 with the addition of central air.  Roof is only seven years old and was installed with full ice and water shield.  Level backyard with a storage shed.  Conveniently located near major highways and area restaurants.
Unit Size
596 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$570
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1954

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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 #73063561)

Price History

Date / Event Date Event Price
Feb 28, 2023 Sold
Premium
Sold
Jan 20, 2023 In contract -
In contract
Jan 11, 2023 Price Decreased $339,900
↓ $10K (2.9%)
Price Decreased
Dec 29, 2022 Price Increased $350,000
↑ $10K (3%)
Price Increased
Dec 7, 2022 Listed by Stone Ridge Properties, Inc. $339,900
Listed by Stone Ridge Properties, Inc.
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Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Basement Area: 560
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,649
  • Total Building Area: 596
  • Gross Building Area: 1,156
  • Building Area: 596
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 596
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: SR

Geography

  • District: 180
  • Parcel: MERR M:0052 B:0001 L:007-D
  • Block: 1
  • Lot: 7-D
  • Municipality: MERRIMAC
  • Latitude: 42.8345
  • Longitude: -70.9798

    Address

  • Full Address: 6 Burnside Ln
  • Address - House Number: 6
  • Address - Street Name: Burnside
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C002
  • 4-Digit Zip Code: 2105
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $473,400

    Appraisal Valuation

  • Standard Deviation: 0.1795
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 396,106
  • High Value: 463,964
  • Low Value: 328,247

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $350,700
  • Assessed Land Value: $284,800
  • Assessed Improvements Value: $65,900

    Sales

  • Current Sale Contract Date: Feb 28, 2023
  • Current Sale Recording Date: Feb 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230228001440
  • Previous Sale Recording Date: Aug 29, 2019
  • Previous Sale Contract Date: Aug 29, 2019
  • Previous Sale Amount: $260,000
  • 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

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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# 73063561

Frequently Asked Questions

When was property at 6 Burnside Lane built and last sold?
The property at 6 Burnside Lane was built in 1954 and last sold on Feb 28, 2023 for $344,000.
How much is this home worth?
The estimated value of the home located at 6 Burnside Lane is $333,224.
What are some comparable homes to 6 Burnside Lane?
There are currently no comparable homes to 6 Burnside Lane.
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