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Essex
8 Cherry Tree Lane
$225,000
● House - Off Market

8 Cherry Tree Lane

Groveland, MA 01834
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,904 Ft²
$841,657
RealtyHop Estimate
266.10%
Since May 1, 1997
National-US
Primary Model

About This Property

6 YR YNG GARRISON COLONIAL SET ON LOVELY CUL-DE-SAC. SHOWS VERY WELL! OPEN KITCHEN W/SLIDER TO DECK. 4 BDRMS & WALK-UP ATTIC COULD BE FINISHED OFF. TOWN WATER & SEWER. SIX PANEL DOORS, TILED FOYER & FIREPLACED LIV. RM. *CALL LB FOR BAC.
Unit Size
1,904 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$121
Property Type
House
Property Taxes
$242
HOA Dues
-
Year Built
1989

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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 years ago (MLSPIN #30146829)

Price History

Date / Event Date Event Price
Apr 23, 1997 Sold
Premium
Sold
Feb 9, 1997 Listed $229,900
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • 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: 6
  • Building Style: 5
  • 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: 884
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,557
  • Total Building Area: 1,836
  • Gross Building Area: 4,311
  • Building Area: 1,836
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,836
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: APPLE BLOSSOM ESTATES
  • Land Acres: 0000000541
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pentucket School District
  • Census Tract: 264100

Zoning

  • Zoning: RB

Geography

  • District: 116
  • Parcel: GROV M:25 B:155 L:0
  • Block: 155
  • Municipality: GROVELAND
  • Latitude: 42.7512
  • Longitude: -71.0201

    Address

  • Full Address: 8 Cherry Tree Ln
  • Address - House Number: 8
  • Address - Street Name: Cherry Tree
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Groveland
  • Carrier Code: C064
  • 4-Digit Zip Code: 1744
  • Zip Code: 01834

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $858,200

    Appraisal Valuation

  • Standard Deviation: 0.1689
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 706,574
  • High Value: 825,434
  • Low Value: 587,713

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $633,800
  • Assessed Land Value: $202,800
  • Assessed Improvements Value: $431,000

    Sales

  • Current Sale Recording Date: Apr 23, 1997
  • 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

2533 ft²

Average Home Age

72.6 years

Currently For Sale

1471 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

Unit for rent at 8 Hemlock, Groveland, 01834

$5,000 /mo

  • 4 Beds
  • 2 Baths
  • 3,680 ft²
8 Hemlock, Groveland, 01834 Listing by Tami Mallett

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30146829

Frequently Asked Questions

When was property at 8 Cherry Tree Lane built and last sold?
The property at 8 Cherry Tree Lane was built in 1989 and last sold on Jan 1, 1970 for $225,000.
How much is this home worth?
The estimated value of the home located at 8 Cherry Tree Lane is $0.
What are some comparable homes to 8 Cherry Tree Lane?
There are currently no comparable homes to 8 Cherry Tree Lane.
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