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Burlington 01803 North Burlington
7 Ellery Lane
$715,000
● House - Off Market

7 Ellery Lane

Burlington, MA 01803
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,240 Ft²
$713,310
RealtyHop Estimate
9.76%
Since Feb 1, 2022
MA-Boston
Primary Model

About This Property

This majestic home sits at the top of a cul-de-sac. A  fabulous yard and wonderful neighborhood. The  kitchen has  stainless steel appliances. There are five bedrooms on  the second floor and 2 baths ( 1 of the full baths is a master bath}  Amenities include vinyl siding, replacement windows, recently refinished hardwood floors on 1st floor and remodeled 1/2 bath. A spacious home great for a large family. In-law potential on 1st floor. Third floor has a stairway to a walk up attic great for storage or expansion. Walking distance to tennis courts, park and dog park. A rare offering filled with character of years gone by. Lahey Medical Center a short distance and many shops and restaurants that you will enjoy. All major routes and town center close by.
Unit Size
2,240 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$290
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1885

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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 #72921490)

Price History

Date / Event Date Event Price
Jan 21, 2022 Sold
Premium
Sold
Nov 18, 2021 Listed by Austin Realty Group $649,900
Listed by Austin Realty Group

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1885
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,120
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,764
  • Total Building Area: 2,240
  • Gross Building Area: 3,392
  • Building Area: 2,240
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,240
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000523
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Burlington School District
  • School Tax School District: BURLINGTON SD
  • Census Tract: 332202

Zoning

  • Zoning: RO

Geography

  • Parcel: BURL M:000018 P:000055
  • Municipality: BURLINGTON
  • Latitude: 42.5166
  • Longitude: -71.185

    Address

  • Full Address: 7 Ellery Ln
  • Address - House Number: 7
  • Address - Street Name: Ellery
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Burlington
  • Carrier Code: C011
  • 4-Digit Zip Code: 1805
  • Zip Code: 01803

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $629,000

    Appraisal Valuation

  • Standard Deviation: 0.2308
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 828,371
  • High Value: 1,019,573
  • Low Value: 637,168

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $703,600
  • Assessed Land Value: $399,600
  • Assessed Improvements Value: $304,000

    Sales

  • Current Sale Contract Date: Jan 21, 2022
  • Current Sale Recording Date: Jan 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11980
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 North Burlington

Stats & Trends

Median Asking:

$894,500

Sale Price/ft²

$383

Below Asking

0.01%

Average Days on Market

49

Average Home Size

3417 ft²

Average Home Age

54 years

Currently For Sale

12 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 20 Corporate Drive, Burlington, MA, 01803

$3,810 /mo

  • 3 Beds
  • 2 Baths
  • 1,308 ft²
20 Corporate Drive #C2DHS, Burlington, MA, 01803 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72921490

Frequently Asked Questions

When was property at 7 Ellery Lane built and last sold?
The property at 7 Ellery Lane was built in 1885 and last sold on Jan 21, 2022 for $715,000.
How much is this home worth?
The estimated value of the home located at 7 Ellery Lane is $662,825.
What are some comparable homes to 7 Ellery Lane?
There are currently no comparable homes to 7 Ellery Lane.
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