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Rockport 01966
7 Spring Lane
$495,000
● House - Off Market

7 Spring Lane

Rockport, MA 01966
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,170 Ft²
$1,020,215
RealtyHop Estimate
94.33%
Since Feb 1, 2014
National-US
Primary Model

About This Property

Charming colonial home with window seats, skylights, cathedrals, hardwoods, a fireplace in the livingroom and master bedroom, a second master with bath on the first floor, and an inlaw ap't over the double garage, all on a lovely intown lot---ready and waiting for you!
Unit Size
2,170 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$242
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
-

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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 #71615877)

Price History

Date / Event Date Event Price
Jan 31, 2014 Sold
Premium
Sold
Dec 12, 2013 Listed by Beaton Real Estate $525,000
Listed by Beaton Real Estate
Aug 8, 2005 Sold
Premium
Sold
Feb 23, 2005 Listed by Beaton Real Estate $619,000
Listed by Beaton Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 11,731
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000269
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

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

Zoning

  • Zoning: R3

Geography

  • Account Number: 3024
  • District: 252
  • Parcel: ROCK M:23 B:56
  • Block: 56
  • Lot: 56
  • Municipality: ROCKPORT
  • Latitude: 42.6532
  • Longitude: -70.6157

    Address

  • Full Address: 7 Spring Ln
  • Address - House Number: 7
  • Address - Street Name: Spring
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Rockport
  • Carrier Code: C004
  • 4-Digit Zip Code: 2169
  • Zip Code: 01966

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $757,200

    Appraisal Valuation

  • Standard Deviation: 0.1585
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 922,272
  • High Value: 1,068,523
  • Low Value: 776,020

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $899,300
  • Assessed Land Value: $304,000
  • Assessed Improvements Value: $595,300

    Sales

  • Current Sale Recording Date: Jan 31, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Aug 08, 2005
  • Previous Sale Amount: $619,000
  • 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 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# 71615877

Frequently Asked Questions

When was property at 7 Spring Lane built and last sold?
The property at 7 Spring Lane was built in and last sold on Jan 1, 1970 for $495,000.
How much is this home worth?
The estimated value of the home located at 7 Spring Lane is $570,498.
What are some comparable homes to 7 Spring Lane?
There are currently no comparable homes to 7 Spring Lane.
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