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Essex
97 Lake Drive
$475,000
● House - Off Market

97 Lake Drive

Hamilton, MA 01982
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$683,543
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Lovely Ranch style home located in the Pleasant Pond neighborhood with a walk-out finished lower level is surprisingly spacious and offers numerous possibilities for expansion. Enjoy single level living with 3 bedrooms, a living room, dining room, kitchen and updated full bathroom on the main level. The finished lower level features a spacious family room with a brick-front fireplace as well as two bonus rooms, full bathroom with a shower and laundry facilities plus a workshop.  The large back deck with storage underneath provides access to the beautiful private, tranquil and prettily landscaped back yard. Only a short distance to the pond, parks, pool, commuter rail, downtown restaurants, shops, and all that Hamilton has to offer makes this home ideal. Don't miss this beautifully maintained gem.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$300
Property Type
House
Property Taxes
$443
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 #72570585)

Price History

Date / Event Date Event Price
May 4, 2021 Sold
Premium
Sold
Nov 21, 2019 Sold
Premium
Sold
Sep 25, 2019 Listed by J. Barrett & Company $479,900
Listed by J. Barrett & Company
Sep 10, 2003 Sold
Premium
Sold
Jul 7, 2003 Listed by Albert J Traveis $350,000
Listed by Albert J Traveis
EXCEPTIONAL HOME FINISHED BASEMENT WITH KITCHEN MOVE-IN CONDITION

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Basement Area: 1,056
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,799
  • Total Building Area: 1,056
  • Gross Building Area: 2,320
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000248
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hamilton-Wenham School District
  • Census Tract: 215102

Zoning

  • Zoning: R1A

Geography

  • Account Number: 895
  • Parcel: HAMI M:54 B:72
  • Block: 72
  • Lot: 72
  • Municipality: HAMILTON
  • Latitude: 42.6166
  • Longitude: -70.8904

    Address

  • Full Address: 97 Lake Dr
  • Address - House Number: 97
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: South Hamilton
  • Carrier Code: C005
  • 4-Digit Zip Code: 1624
  • Zip Code: 01982

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $849,500

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 686,794
  • High Value: 798,600
  • Low Value: 574,987

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $562,200
  • Assessed Land Value: $209,000
  • Assessed Improvements Value: $353,200

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: May 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210504003870
  • Previous Sale Recording Date: Nov 21, 2019
  • Previous Sale Contract Date: Nov 14, 2019
  • Previous Sale Amount: $475,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2523 ft²

Average Home Age

72.6 years

Currently For Sale

1457 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72570585

Frequently Asked Questions

When was property at 97 Lake Drive built and last sold?
The property at 97 Lake Drive was built in 1966 and last sold on Apr 30, 2021 for $4,600.
How much is this home worth?
The estimated value of the home located at 97 Lake Drive is $494,146.
What are some comparable homes to 97 Lake Drive?
There are currently no comparable homes to 97 Lake Drive.
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