For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Essex 01983
7 Timber Ln
Photo of 7 Timber Ln
Sold on Nov 7, 2008

1

Map

$465,000
● House - Off Market

7 Timber Ln

Topsfield, MA 01983
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,565 Ft²
$1,085,644
RealtyHop Estimate
109.18%
Since Dec 1, 2008
MA-Boston
Primary Model

About This Property

Picture perfect 5 bedroom 3 bath Cape in highly desirable cul-de-sac neighborhood. This lovely home is ideally sited on gorgeous 2 acre lot. This home features formal living & dining room, 1st floor master bedroom with master bath, hardwood floors, 2 fireplaces and large eat-in kitchen. Upper level layout ideal for teen suite/extended family living. There is an additional 650 space on second floor for further expansion. Priced below assessed value! Convenient location to town, schools & pond.
Unit Size
2,565 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$202
Property Type
House
Property Taxes
$666
HOA Dues
-
Year Built
1967

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #70785572)

Price History

Date / Event Date Event Price
Nov 7, 2008 Sold
Premium
Sold
Jul 1, 2008 Listed $519,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 2,396
  • Gross Building Area: 5,232
  • Building Area: 2,396
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,396
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBER LANE TOPSFIELD
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 214100

Zoning

  • Zoning: ORA

Geography

  • Account Number: 125
  • Parcel: TOPS M:0010 B:0029 L:
  • Block: 29
  • Municipality: TOPSFIELD
  • Latitude: 42.6594
  • Longitude: -70.9508

    Address

  • Full Address: 7 Timber Ln
  • Address - House Number: 7
  • Address - Street Name: Timber
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Topsfield
  • Carrier Code: R002
  • 4-Digit Zip Code: 1107
  • Zip Code: 01983

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,218,400

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 919,075
  • High Value: 1,074,505
  • Low Value: 763,644

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $829,400
  • Assessed Land Value: $413,800
  • Assessed Improvements Value: $415,600

    Sales

  • Current Sale Recording Date: Nov 07, 2008
  • 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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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: 4 months ago
Data Source: MLS PIN, MLS# 70785572

Frequently Asked Questions

When was property at 7 Timber Lane built and last sold?
The property at 7 Timber Lane was built in 1967 and last sold on Jan 1, 1970 for $465,000.
How much is this home worth?
The estimated value of the home located at 7 Timber Lane is $520,777.
What are some comparable homes to 7 Timber Lane?
There are currently no comparable homes to 7 Timber Lane.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Topsfield Homes for Sale
Topsfield Houses for Sale
Topsfield Condos for Sale
Topsfield Co-Ops for Sale
Topsfield Multifamily for Sale
Topsfield Land for Sale
Topsfield Commercial for Sale
Topsfield Homes with Basements
Nearby Cities
Peabody Homes for Sale
Beverly Homes for Sale
Danvers Homes for Sale
Lynnfield Homes for Sale
Ipswich Homes for Sale
Boxford Homes for Sale
Rowley Homes for Sale
Nearby Property Records
Essex County, MA Property Records
Suffolk County, MA Property Records
Middlesex County, MA Property Records
Rockingham County, NH Property Records
Norfolk County, MA Property Records
Hillsborough County, NH Property Records
Strafford County, NH Property Records
Worcester County, MA Property Records
Neighborhoods
Peabody Town Center Real Estate
Salem Neck Real Estate
North Salem Real Estate
Nearby Counties
Peabody Homes for Sale
Beverly Homes for Sale
Danvers Homes for Sale
Ipswich Homes for Sale
Lynnfield Homes for Sale
Boxford Homes for Sale
Middleton Homes for Sale
Georgetown Homes for Sale
Top Real Estate Agents
Top Agents in Topsfield
Top Agents in Peabody
Top Agents in Peabody
Top Agents in 01960
Top Agents in Beverly
Top Agents in Beverly
Top Agents in 01915
Top Agents in 01923