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Essex
7 Forest Ln
$480,000
● House - Off Market

7 Forest Ln

Manchester, MA 01944
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,100 Ft²
$809,905
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Lovely setting with rolling lawn in front and large flat back yard  that abuts wooded area .This raised ranch style home on a dead end  street   offers an open floor plan with a  large light, bright kitchen/dining room with a wall of glass, skylights and access to a private deck with electric awning. There are 3 bedrooms and 1 and 1/2 baths. The pool is surrounded by the deck. The unfinished lower level would finish nicely as a pool, game, hobby room, man cave. The laundry is in the lower level and has a shower for after Singing Beach. School bus picks up close by. .Wonderful potential...Easy to show..
Unit Size
2,100 Ft²
Days on Market
-
Land Size
1.05 acres
Price per sqft
$261
Property Type
House
Property Taxes
$572
HOA Dues
-
Year Built
1964

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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: 5 months ago (MLSPIN #72385275)

Price History

Date / Event Date Event Price
May 30, 2019 Sold
Premium
Sold
Aug 28, 2018 Listed by J. Barrett & Company $549,000
Listed by J. Barrett & Company

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,550
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,642
  • Total Building Area: 2,100
  • Gross Building Area: 4,210
  • Building Area: 2,100
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,100
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001048
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Manchester Essex Regional School District
  • School Tax School District: MANCHSTR ESSEX
  • Census Tract: 218100

Zoning

  • Zoning: A

Geography

  • District: 166
  • Parcel: MANC M:0037 B:0000 L:0026
  • Lot: 26
  • Municipality: MANCHESTER
  • Latitude: 42.5905
  • Longitude: -70.7525

    Address

  • Full Address: 7 Forest Ln
  • Address - House Number: 7
  • Address - Street Name: Forest
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Manchester
  • Carrier Code: C006
  • 4-Digit Zip Code: 1275
  • Zip Code: 01944

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $723,300

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 927,126
  • High Value: 1,091,610
  • Low Value: 762,641

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $773,600
  • Assessed Land Value: $462,100
  • Assessed Improvements Value: $311,500

    Sales

  • Current Sale Contract Date: May 30, 2019
  • Current Sale Recording Date: May 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190530003540
  • Previous Sale Recording Date: Apr 15, 2015
  • 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:

$699,899

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2549 ft²

Average Home Age

72.5 years

Currently For Sale

1472 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72385275

Frequently Asked Questions

When was property at 7 Forest Lane built and last sold?
The property at 7 Forest Lane was built in 1964 and last sold on May 30, 2019 for $480,000.
How much is this home worth?
The estimated value of the home located at 7 Forest Lane is $564,697.
What are some comparable homes to 7 Forest Lane?
There are currently no comparable homes to 7 Forest Lane.
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