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Essex
8 Lantern Lane
Photo of 8 Lantern Lane
Sold on Sep 27, 2007

1

Map

$647,000
● House - Off Market

8 Lantern Lane

Georgetown, MA 01833
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,000 Ft²
$1,153,222
RealtyHop Estimate
75.00%
Since Oct 1, 2007
National-US
Primary Model

About This Property

$50,000 REDUCTION FROM ORIGINAL PRICE! Stately Colonial beautifully sited on almost 2 wooded acres. Located at the end of the cul-de-sac in prestigious Sommersworth Estates close to the Georgetown State Forest.  Spacious fully applianced eat-in kitchen and family room with gas fireplace open to the deck overlooking the meticulously maintained and professionally landscaped grounds. Dramatic foyer, CA, red birch with black granite kitchen. Conv to I-95~off 97 just 1 mi from the Boxford line.
Unit Size
3,000 Ft²
Days on Market
-
Land Size
1.90 acres
Price per sqft
$220
Property Type
House
Property Taxes
$475
HOA Dues
-
Year Built
1998

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #70566108)

Price History

Date / Event Date Event Price
Sep 27, 2007 Sold
Premium
Sold
Apr 26, 2007 Listed $659,000
Listed
Apr 30, 1998 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 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: 83,124
  • Total Building Area: 2,890
  • Gross Building Area: 4,710
  • Building Area: 2,890
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,890
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RICHARD SOLOSKI
  • Land Acres: 0000001908
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265101

Geography

  • District: 105
  • Parcel: GEOR M:00009 B:00000 L:0006K
  • Lot: 6K
  • Municipality: GEORGETOWN
  • Latitude: 42.7031
  • Longitude: -70.9817

    Address

  • Full Address: 8 Lantern Ln
  • Address - House Number: 8
  • Address - Street Name: Lantern
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Georgetown
  • Carrier Code: C033
  • 4-Digit Zip Code: 2531
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,028,800

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,069,863
  • High Value: 1,238,238
  • Low Value: 901,487

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $819,800
  • Assessed Land Value: $236,400
  • Assessed Improvements Value: $583,400

    Sales

  • Current Sale Recording Date: Sep 27, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 30, 1998
  • Previous Sale Amount: $387,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2550 ft²

Average Home Age

72.4 years

Currently For Sale

1469 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# 70566108

Frequently Asked Questions

When was property at 8 Lantern Lane built and last sold?
The property at 8 Lantern Lane was built in 1998 and last sold on Jan 1, 1970 for $647,000.
How much is this home worth?
The estimated value of the home located at 8 Lantern Lane is $688,461.
What are some comparable homes to 8 Lantern Lane?
There are currently no comparable homes to 8 Lantern Lane.
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