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Essex
7 Nancy Ann Lane
$480,000
● House - Off Market

7 Nancy Ann Lane

Merrimac, MA 01860
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,990 Ft²
$726,084
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Looking for single level living with many extras already included in a 55+ unit complex?  7 Nancy Ann Lane at the Village at Merrimac is your answer!  Delightful landscaping greets you as you enter.  The large granite and stainless kitchen is a delight to use and the breakfast nook and dining area are great for intimate dinners or family gatherings. The spacious and bright living room with fireplace opens to the deck. The cathedral ceiling in the master bedroom is a wonderful place to relax, and the master bath with jacuzzi tub and separate shower fit right in with whatever you are feeling.  The second bedroom and bath are nicely sized and an office space is an added bonus. Air conditioning, 2 car garage, separate laundry room, and full basement storage make this home a must see!
Unit Size
1,990 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$241
Property Type
House
Property Taxes
$518
HOA Dues
-
Year Built
2010

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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: 6 months ago (MLSPIN #72327078)

Price History

Date / Event Date Event Price
Jul 2, 2018 Sold
Premium
Sold
May 12, 2018 Listed by Coldwell Banker Residential Brokerage - Newburyport $479,000
Listed by Coldwell Banker Residential Brokerage - Newburyport
Oct 8, 2015 Sold
Premium
Sold
Jun 26, 2015 Listed by Coldwell Banker Residential Brokerage - Newburyport $409,000
Listed by Coldwell Banker Residential Brokerage - Newburyport
Aug 31, 2010 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 1,990
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,072
  • Total Building Area: 1,990
  • Gross Building Area: 4,492
  • Building Area: 1,990
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,990
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POTTING PLAN
  • Land Acres: 0000000185
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 262100

Zoning

  • Zoning: SR

Geography

  • District: 180
  • Parcel: MERR M:0021 B:0002 L:00024
  • Block: 2
  • Lot: 24
  • Municipality: MERRIMAC
  • Latitude: 42.8294
  • Longitude: -71.0107

    Address

  • Full Address: 7 Nancy Ann Ln
  • Address - House Number: 7
  • Address - Street Name: Nancy Ann
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Merrimac
  • Carrier Code: C004
  • 4-Digit Zip Code: 2249
  • Zip Code: 01860

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $814,600

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 703,152
  • High Value: 813,805
  • Low Value: 592,499

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $603,400
  • Assessed Land Value: $237,800
  • Assessed Improvements Value: $365,600

    Sales

  • Current Sale Recording Date: Jul 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180702002430
  • Previous Sale Recording Date: Oct 08, 2015
  • Previous Sale Amount: $399,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: UNK
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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2473 ft²

Average Home Age

73.2 years

Currently For Sale

1400 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72327078

Frequently Asked Questions

When was property at 7 Nancy Ann Lane built and last sold?
The property at 7 Nancy Ann Lane was built in 2010 and last sold on Jan 1, 1970 for $480,000.
How much is this home worth?
The estimated value of the home located at 7 Nancy Ann Lane is $497,727.
What are some comparable homes to 7 Nancy Ann Lane?
There are currently no comparable homes to 7 Nancy Ann Lane.
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