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Lunenburg 01462
73 Oak Ave
$485,000
● House - Off Market

73 Oak Ave

Lunenburg, MA 01462
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,872 Ft²
$498,040
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

This classic gambrel has been lovingly maintained by the same owners since new.  Located conveniently near the center of town just steps from the desirable Lunenburg schools. The front to back living room features a wood burning fireplace, hardwood floors and gorgeous picture window overlooking the large level back yard. Sunken family room with dark wood accent wall opens to the back deck. The master includes 2 double closets and built in dresser. The 2nd bedroom also includes a cedar closet to store your seasonal wardrobes.  All three bedrooms feature hardwood floors. The oversized 2 car garage has an extra garage door in the rear for easy access for mowing or moving trailers, cars, kids toys, etc. to and from the back yard.  Large driveway with turnaround can accommodate plenty of cars for your housewarming party!
Unit Size
1,872 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$267
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1957

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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: 5 months ago (MLSPIN #73148382)

Price History

Date / Event Date Event Price
Oct 18, 2023 Sold
Premium
Sold
Sep 15, 2023 In contract -
In contract
Sep 14, 2023 Price Decreased $499,900
↓ $15K (2.9%)
Price Decreased
Sep 6, 2023 Price Increased $514,900
↑ $15K (3%)
Price Increased
Aug 14, 2023 Listed by Foster-Healey Real Estate $499,900
Listed by Foster-Healey Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 840
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,056
  • Total Building Area: 1,872
  • Gross Building Area: 3,528
  • Building Area: 1,872
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,872
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000690
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lunenburg School District
  • School Tax School District: LUNENBURG SD
  • Census Tract: 712101

Zoning

  • Zoning: RA

Geography

  • Account Number: 1620510004400000
  • Parcel: LUNE M:051.0 B:0044 L:0000.0
  • Block: 44
  • Municipality: LUNENBURG
  • Latitude: 42.6009
  • Longitude: -71.7217

    Address

  • Full Address: 73 Oak Ave
  • Address - House Number: 73
  • Address - Street Name: Oak
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: C003
  • 4-Digit Zip Code: 1454
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $546,800

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 484,301
  • High Value: 566,081
  • Low Value: 402,521

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $374,000
  • Assessed Land Value: $114,900
  • Assessed Improvements Value: $259,100

    Sales

  • Current Sale Contract Date: Oct 18, 2023
  • Current Sale Recording Date: Oct 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 14268

    Financing

  • First Mortgage Financing Type: ADJ
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 Lunenburg

Stats & Trends

Median Asking:

$514,000

Sale Price/ft²

$302

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2252 ft²

Average Home Age

40 years

Currently For Sale

15 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73148382

Frequently Asked Questions

When was property at 73 Oak Avenue built and last sold?
The property at 73 Oak Avenue was built in 1957 and last sold on Oct 18, 2023 for $485,000.
How much is this home worth?
The estimated value of the home located at 73 Oak Avenue is $508,121.
What are some comparable homes to 73 Oak Avenue?
There are currently no comparable homes to 73 Oak Avenue.
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