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Essex
7 Jordan Ln
$240,000
● House - Off Market

7 Jordan Ln

Middleton, MA 01949
bedrooms
1 Bed
bathrooms
1 Bath
square feet
409 Ft²
$1,737
Est. Monthly

About This Property

PRICE ADJUSTMENT - MOTIVATED SELLER. This property is currently a 1 Bedroom Cottage situated on a picturesque lot in the sought after community of Middleton.  A new septic design plan for a two-bedroom system has been approved by the Board of Health. This presents an excellent opportunity to rebuild within the same footprint or renovate the existing living space and take full advantage of all the amenities and benefits that Middleton. An appealing option for those looking to invest in a desirable location at an affordable price! Seller to provide town approved septic design for 2 Bedrooms (2 Bedroom Deed Restriction). Onus on BUYER to install new septic and water line to the house. Seller delivers approved Title V design and survey w/right of way easement. Restriction parameters may limit purchase to cash buyers.
Unit Size
409 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$672
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1920

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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: 4 months ago (MLSPIN #73251521)

Price History

Date / Event Date Event Price
Nov 25, 2024 Sold
Premium
Sold
Oct 29, 2024 In contract -
In contract
Oct 17, 2024 Price Decreased $275,000
↓ $50K (15.4%)
Price Decreased
Sep 27, 2024 Price Decreased $325,000
↓ $25K (7.1%)
Price Decreased
Sep 27, 2024 Relisted $350,000
Relisted
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 24
  • 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: 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: 10,019
  • Total Building Area: 409
  • Gross Building Area: 469
  • Building Area: 409
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 409
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 212102

Zoning

  • Zoning: R1A

Geography

  • Parcel: MIDD M:0025 B:0000 L:0190
  • Lot: 190
  • Municipality: MIDDLETON
  • Latitude: 42.5988
  • Longitude: -71.0089

    Address

  • Full Address: 7 Jordan Ln
  • Address - House Number: 7
  • Address - Street Name: Jordan
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Middleton
  • Carrier Code: R005
  • 4-Digit Zip Code: 1726
  • Zip Code: 01949

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $463,200

    Appraisal Valuation

  • Standard Deviation: 0.1813
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 456,417
  • High Value: 539,201
  • Low Value: 373,633

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $392,900
  • Assessed Land Value: $324,600
  • Assessed Improvements Value: $68,300

    Sales

  • Current Sale Recording Date: Oct 13, 1983
  • Current Sale Price:
    Premium
  • Current 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73251521

Frequently Asked Questions

When was property at 7 Jordan Lane built and last sold?
The property at 7 Jordan Lane was built in 1920 and last sold on Jan 1, 1970 for $12,000.
How much is this home worth?
The estimated value of the home located at 7 Jordan Lane is $272,917.
What are some comparable homes to 7 Jordan Lane?
There are currently no comparable homes to 7 Jordan Lane.
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