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Essex 01921
94 Surrey Ln
$875,000
● House - Off Market

94 Surrey Ln

Topsfield, MA 01983
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,935 Ft²
$925,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
MA-Boston
Primary Model

About This Property

Welcome to this 4 bedroom contemporary post and beam house, nestled on a private lot surrounded by mature trees. Located near the MASCO school system, downtown Topsfield, and I95, this property offers both peacefulness and convenience. Designed with contractors and business owners in mind, this house features an impressive 40x40 ft split garage, providing ample space for projects and storage. Complete with a convenient car lift and high ceilings, this garage is a dream come true for those seeking a versatile workspace right at home. The lower level of the house offers an in-law area, perfectly suited for accommodating extended family or guests.
Unit Size
2,935 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$315
Property Type
House
Property Taxes
$891
HOA Dues
-
Year Built
1982

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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 #73149762)

Price History

Date / Event Date Event Price
Nov 24, 2023 Sold
Premium
Sold
Oct 10, 2023 In contract -
In contract
Aug 17, 2023 Listed by Century 21 North East $925,000
Listed by Century 21 North East

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 17,860
  • Total Building Area: 1,766
  • Gross Building Area: 3,792
  • Building Area: 1,766
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,766
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOXFORD & TOPSFIELD
  • Land Acres: 0000000410
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 214100

Zoning

  • Zoning: IRA

Geography

  • Account Number: 368
  • Parcel: TOPS M:0016 B:0003 L:
  • Block: 3
  • Municipality: TOPSFIELD
  • Latitude: 42.6556
  • Longitude: -70.9625

    Address

  • Full Address: 94 Surrey Ln
  • Address - House Number: 94
  • Address - Street Name: Surrey
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Topsfield
  • Carrier Code: R001
  • 4-Digit Zip Code: 1328
  • Zip Code: 01983

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,117,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 791,810
  • High Value: 916,880
  • Low Value: 666,740

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $760,700
  • Assessed Land Value: $366,300
  • Assessed Improvements Value: $394,400

    Sales

  • Current Sale Contract Date: Nov 24, 2023
  • Current Sale Recording Date: Nov 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20231124000510

    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 Essex

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2549 ft²

Average Home Age

72.4 years

Currently For Sale

1448 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73149762

Frequently Asked Questions

When was property at 94 Surrey Lane built and last sold?
The property at 94 Surrey Lane was built in 1982 and last sold on Nov 24, 2023 for $875,000.
How much is this home worth?
The estimated value of the home located at 94 Surrey Lane is $941,353.
What are some comparable homes to 94 Surrey Lane?
There are currently no comparable homes to 94 Surrey Lane.
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