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Rockport 01966
7 Lighthouse Lane
$400,000
● Land - Off Market

7 Lighthouse Lane

Rockport, MA 01966
bedrooms
Studio
bathrooms
0 Bath
$601,737
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Beautiful private location to build your dream house. Located in the sought after location of Rockport, between Gully Point Cove and Gap Cove and less than a 1/2 mile to Old Garden Beach.  Picturesque lot with small pond on property. Wooded and secluded with the ocean just steps away. Water and sewer to house site, see attachments.
Unit Size
-
Days on Market
-
Land Size
1.47 acres
Price per sqft
-
Property Type
Land
Property Taxes
$390
HOA Dues
-
Year Built
2022

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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 #72555283)

Price History

Date / Event Date Event Price
Oct 29, 2020 Sold
Premium
Sold
Aug 27, 2019 Listed by Coldwell Banker Realty - Gloucester $450,000
Listed by Coldwell Banker Realty - Gloucester
Beautiful private location to build your dream house. Located in the sought after location of Rockport, between Gully Point Cove and Gap Cove and less than a 1/2 mile to Old Garden Beach. Picturesque lot with small pond on property. Wooded and secluded with the ocean just steps away. Water and sewer to house site, see attachments.
Nov 15, 2017 Sold
Premium
Sold
Sep 2, 2016 Listed by Annisquam Village Realty $549,000
Listed by Annisquam Village Realty
Fabulous private location to build your dream house. Picturesque 1.4 acre lot. Small pond on property. Wooded and secluded location with potential ocean views. Rough driveway in place, water and sewer to house site. Custom designed house plans available as part of package. The seller will help the buyer navigate the permitting process. A little known fact about this lot is it has several California redwood trees.
Sep 30, 2005 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 14
  • Floor Count: 200
  • 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: 64,033
  • Total Building Area: 3,040
  • Gross Building Area: 5,046
  • Building Area: 3,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001470
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Rockport School District
  • School Tax School District: ROCKPORT SD
  • Census Tract: 220101

Zoning

  • Zoning: R1

Geography

  • Account Number: 3447
  • District: 252
  • Parcel: ROCK M:26 B:75
  • Block: 75
  • Lot: 75
  • Municipality: ROCKPORT
  • Latitude: 42.658
  • Longitude: -70.5995

    Address

  • Full Address: 7 Lighthouse Ln
  • Address - House Number: 7
  • Address - Street Name: Lighthouse
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Rockport
  • Carrier Code: C008
  • 4-Digit Zip Code: 1936
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,128,000

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 86
  • Final Value: 1,070,323
  • High Value: 1,204,570
  • Low Value: 936,076

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,339,700
  • Assessed Land Value: $515,400
  • Assessed Improvements Value: $824,300

    Sales

  • Current Sale Contract Date: Oct 28, 2020
  • Current Sale Recording Date: Oct 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201029003750
  • Previous Sale Recording Date: Nov 15, 2017
  • Previous Sale Amount: $525,000
  • Previous Sale Document Type: O
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 Rockport

Stats & Trends

Median Asking:

$798,000

Sale Price/ft²

$574

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1980 ft²

Average Home Age

127.8 years

Currently For Sale

16 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# 72555283

Frequently Asked Questions

When was property at 7 Lighthouse Lane built and last sold?
The property at 7 Lighthouse Lane was built in 2022 and last sold on Oct 28, 2020 for $400,000.
How much is this home worth?
The estimated value of the home located at 7 Lighthouse Lane is $454,500.
What are some comparable homes to 7 Lighthouse Lane?
There are currently no comparable homes to 7 Lighthouse Lane.
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