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Essex
7 Cherry Tree Lane
$554,500
● House - Off Market

7 Cherry Tree Lane

Groveland, MA 01834
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,956 Ft²
$782,043
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Welcome home to 7 Cherry Tree Lane! This wonderful property nestled in a quiet cul-de-sac in one of Groveland's nicest neighborhoods. Enjoy reading your favorite book on the lovely framer's porch. The spacious front to back living room that is perfect hosting any event. You'll love to cook meals in the tastefully updated kitchen with new stainless steel appliances. Enjoy time the warmer weather months in the enclosed three season porch. The property finishes off with four sizable bedrooms and two full bathroom plus finished attic space. Come see all this property has to offer.
Unit Size
1,956 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$281
Property Type
House
Property Taxes
$504
HOA Dues
-
Year Built
1989

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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: 4 months ago (MLSPIN #72624109)

Price History

Date / Event Date Event Price
Apr 24, 2020 Sold
Premium
Sold
Feb 26, 2020 Listed by Coldwell Banker Residential Brokerage - Topsfield $550,000
Listed by Coldwell Banker Residential Brokerage - Topsfield
Mar 2, 1990 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,274
  • Total Building Area: 1,800
  • Gross Building Area: 3,978
  • Building Area: 1,800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,800
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: APPLE BLOSSOM ESTATES
  • Land Acres: 0000000534
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 264100

Zoning

  • Zoning: RB

Geography

  • District: 116
  • Parcel: GROV M:26 B:034 L:0
  • Block: 34
  • Municipality: GROVELAND
  • Latitude: 42.7506
  • Longitude: -71.0192

    Address

  • Full Address: 7 Cherry Tree Ln
  • Address - House Number: 7
  • Address - Street Name: Cherry Tree
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Groveland
  • Carrier Code: C064
  • 4-Digit Zip Code: 1744
  • Zip Code: 01834

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $836,200

    Appraisal Valuation

  • Standard Deviation: 0.1727
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 679,045
  • High Value: 796,529
  • Low Value: 561,561

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $617,600
  • Assessed Land Value: $202,400
  • Assessed Improvements Value: $415,200

    Sales

  • Current Sale Contract Date: Apr 12, 2020
  • Current Sale Recording Date: Apr 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200424002250
  • Previous Sale Recording Date: Mar 02, 1990
  • Previous Sale Amount: $189,750
  • 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

$5,000 /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: 4 months ago
Data Source: MLS PIN, MLS# 72624109

Frequently Asked Questions

When was property at 7 Cherry Tree Lane built and last sold?
The property at 7 Cherry Tree Lane was built in 1989 and last sold on Apr 12, 2020 for $554,500.
How much is this home worth?
The estimated value of the home located at 7 Cherry Tree Lane is $565,643.
What are some comparable homes to 7 Cherry Tree Lane?
There are currently no comparable homes to 7 Cherry Tree Lane.
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