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Middlesex 01821
9 Lantern Ln
$390,007
● House - Off Market

9 Lantern Ln

Billerica, MA 01821
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,413 Ft²
$532,400
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

Location! Location!Location! This 3 bedroom Split Entry home is located in an established neighborhood within walking distance to school and minutes from major routes. There are hardwood floors throughout the first floor. Sunny living room opens to dining area with sliders leading to 3 season porch. Porch overlooks large level tree lined lot. Lower level has family room, laundry/workshop area and bonus room for possible playroom /workout room or office.
Unit Size
1,413 Ft²
Days on Market
-
Land Size
0.81 acres
Price per sqft
$255
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
1966

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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 #72385807)

Price History

Date / Event Date Event Price
Oct 23, 2018 Sold
Premium
Sold
Aug 29, 2018 Listed by RE/MAX Triumph Realty $359,900
Listed by RE/MAX Triumph Realty

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 920
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,218
  • Total Building Area: 1,781
  • Gross Building Area: 2,257
  • Building Area: 1,781
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,781
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000808
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Billerica School District
  • Census Tract: 316101

Zoning

  • Zoning: 3

Geography

  • District: 31
  • Parcel: BILL M:0044 B:0080 L:0
  • Block: 80
  • Municipality: BILLERICA
  • Latitude: 42.5691
  • Longitude: -71.2308

    Address

  • Full Address: 9 Lantern Ln
  • Address - House Number: 9
  • Address - Street Name: Lantern
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Billerica
  • Carrier Code: C004
  • 4-Digit Zip Code: 2007
  • Zip Code: 01821

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $617,300
  • Initial Tax Delinquent Year: 2015

    Appraisal Valuation

  • Standard Deviation: 0.1641
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 79
  • Final Value: 634,459
  • High Value: 738,617
  • Low Value: 530,301

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $546,800
  • Assessed Land Value: $334,500
  • Assessed Improvements Value: $212,300

    Sales

  • Current Sale Recording Date: Oct 23, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 46448

    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 Middlesex

Stats & Trends

Median Asking:

$815,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2674 ft²

Average Home Age

65.6 years

Currently For Sale

3333 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 30 Four Seasons Drive, Hampstead, 01841

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,820 ft²
30 Four Seasons Drive #30, Hampstead, 01841

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72385807

Frequently Asked Questions

When was property at 9 Lantern Lane built and last sold?
The property at 9 Lantern Lane was built in 1966 and last sold on Jan 1, 1970 for $390,007.
How much is this home worth?
The estimated value of the home located at 9 Lantern Lane is $380,727.
What are some comparable homes to 9 Lantern Lane?
There are currently no comparable homes to 9 Lantern Lane.
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