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Essex
7 Bisson Lane
Photo of 7 Bisson Lane

1

Map

$259,900
● House - Off Market

7 Bisson Lane

Merrimac, MA 01860
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,218 Ft²
$1,597
Est. Monthly

About This Property

Direct waterfront on Lake Attitash on a dead end street. Trees and fences add privacy as well as wetlands across the street so there is a nice sense of space with few neighbors. Spacious first floor, 2 bedrooms up, one is a walkthru. Two storage sheds, a couple of deck and patio areas and many perennials that makes pleasant outside space. One heated, A/C room with phone separate from house would be a great office, workshop or guest suite(not included in sq ft).
Unit Size
1,218 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$213
Property Type
House
Property Taxes
$321
HOA Dues
-
Year Built
1906

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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: 3 days ago (MLSPIN #71149924)

Price History

Date / Event Date Event Price
Aug 24, 2018 Sold
Premium
Sold
Apr 5, 2018 Listed by Stone Ridge Properties, Inc. $244,900
Listed by Stone Ridge Properties, Inc.
Oct 13, 2010 Listed by Stone Ridge Properties, Inc. $259,900
Listed by Stone Ridge Properties, Inc.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1906
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 26
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • 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: 5,201
  • Total Building Area: 1,218
  • Gross Building Area: 1,360
  • Building Area: 1,218
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 11
  • Heated Square Feet: 1,218
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000119
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: LA

Geography

  • District: 180
  • Parcel: MERR M:0093 B:0001 L:00003
  • Block: 1
  • Lot: 3
  • Municipality: MERRIMAC
  • Latitude: 42.8425
  • Longitude: -70.9826

    Address

  • Full Address: 7 Bisson Ln
  • Address - House Number: 7
  • Address - Street Name: Bisson
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C002
  • 4-Digit Zip Code: 1600
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $639,200

    Appraisal Valuation

  • Standard Deviation: 0.1891
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 522,802
  • High Value: 621,537
  • Low Value: 424,067

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $473,500
  • Assessed Land Value: $359,600
  • Assessed Improvements Value: $113,900

    Sales

  • Current Sale Recording Date: Aug 24, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180824005140
  • Previous Sale Recording Date: Aug 02, 2018
  • Previous Sale Amount: $208,000
  • Previous Sale Document Type: 34
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

2532 ft²

Average Home Age

73 years

Currently For Sale

1479 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: 3 days ago
Data Source: MLS PIN, MLS# 71149924

Frequently Asked Questions

When was property at 7 Bisson Lane built and last sold?
The property at 7 Bisson Lane was built in 1906 and last sold on Jan 1, 1970 for $255,000.
How much is this home worth?
The estimated value of the home located at 7 Bisson Lane is $257,101.
What are some comparable homes to 7 Bisson Lane?
There are currently no comparable homes to 7 Bisson Lane.
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