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Essex
85 Lakeshore Dr
$370,000
● House - Off Market

85 Lakeshore Dr

Georgetown, MA 01833
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,400 Ft²
$573,609
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Association beach rights and gorgeous views of Rock Pond.  Built in 1988, This 1400+ sq ft Ranch has been beautifully updated and cared for.  New kitchen with farmers sink, quartz counter tops,  white cabinetry, stainless steel wall oven and micro wave, dishwasher, refrigerator and cooktop, plus a stainless steel built in island/table, open to a spacious living room with sliders and access out to the backyard and beachfront.  updated full bath, 2 good size bedrooms on the 1st level, master with large windows overlooking the pond.  Lower level includes a bedroom with large closet and pond views,  a 22' family rm with pellet stove and access out to yard and pond.   Large deck and storage shed.  Nothing to do, just move right into this nicely updated home and enjoy.t
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$254
Property Type
House
Property Taxes
$381
HOA Dues
-
Year Built
1988

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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 #72142858)

Price History

Date / Event Date Event Price
May 17, 2017 Sold
Premium
Sold
Apr 7, 2017 Listed by Coldwell Banker Residential Brokerage - Topsfield $355,000
Listed by Coldwell Banker Residential Brokerage - Topsfield
Aug 26, 2013 Sold
Premium
Sold
Apr 15, 2013 Listed by Coldwell Banker Residential Brokerage - Topsfield $289,900
Listed by Coldwell Banker Residential Brokerage - Topsfield
Apr 29, 2004 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 12,100
  • Total Building Area: 912
  • Gross Building Area: 2,294
  • Building Area: 912
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 912
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GEORGETOWN LAKE SHORES SEC I
  • Land Acres: 0000000278
  • 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:00021 B:00000 L:00044
  • Lot: 44
  • Municipality: GEORGETOWN
  • Latitude: 42.7267
  • Longitude: -71.0043

    Address

  • Full Address: 85 Lakeshore Dr
  • Address - House Number: 85
  • Address - Street Name: Lakeshore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Georgetown
  • Carrier Code: C033
  • 4-Digit Zip Code: 1925
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $644,100

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 644,158
  • High Value: 749,645
  • Low Value: 538,671

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $513,200
  • Assessed Land Value: $196,800
  • Assessed Improvements Value: $316,400

    Sales

  • Current Sale Recording Date: May 17, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 169
  • Previous Sale Recording Date: Aug 26, 2013
  • Previous Sale Amount: $286,000
  • Previous Sale Document Type: O
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

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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: 5 months ago
Data Source: MLS PIN, MLS# 72142858

Frequently Asked Questions

When was property at 85 Lake Shore Drive built and last sold?
The property at 85 Lake Shore Drive was built in 1988 and last sold on Jan 1, 1970 for $370,000.
How much is this home worth?
The estimated value of the home located at 85 Lake Shore Drive is $366,408.
What are some comparable homes to 85 Lake Shore Drive?
There are currently no comparable homes to 85 Lake Shore Drive.
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