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Middlesex
Lot 1 Colburn Ave
$499,900
● House - Off Market

Lot 1 Colburn Ave

Dracut, MA 01826
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,760 Ft²
$842,989
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

7 New homes now available with 1- 3 acre lots each! This home is built and 100% done with all the upgrades not typically included at this price! Oversized colonial with stone retaining wall and oversized deck overlooking private backyard! Enter the home through your 2 car garage that leads to finished mudroom in lower level. 1st floor has hardwood throughout, tiled 1/2 bath with washer/dryer, formal living room and dining room, large country kitchen with center island- granite countertops and recessed lighting, cathedral ceiling family room with fireplace. Second floor has 4 bedrooms and 2 full baths with large vanities and double bowl sinks . Master bath has gorgeous walk-in tiled shower. Too many upgrades to list! Other lots available- all with huge private backyards!
Unit Size
2,760 Ft²
Days on Market
-
Land Size
1.19 acres
Price per sqft
$181
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2000

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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 years ago (MLSPIN #72054963)

Price History

Date / Event Date Event Price
Oct 21, 2016 Sold
Premium
Sold
Aug 18, 2016 Listed by Glorian M. Yerid $499,900
Listed by Glorian M. Yerid
Nov 1, 1999 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,512
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,530
  • Total Building Area: 1,428
  • Gross Building Area: 3,508
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILDRETH STREET
  • Land Acres: 0000001160
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Dracut School District
  • School Tax School District: DRACUT SD
  • Census Tract: 314200

Zoning

  • Zoning: R1

Geography

  • District: 79
  • Parcel: DRAC M:35 B:8 L:1.2.1
  • Block: 8
  • Lot: 1.2.1
  • Municipality: DRACUT
  • Latitude: 42.6807
  • Longitude: -71.3233

    Address

  • Full Address: 1 Cherrywood Dr
  • Address - House Number: 1
  • Address - Street Name: Cherrywood
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Dracut
  • Carrier Code: R001
  • 4-Digit Zip Code: 2573
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $727,000

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 681,869
  • High Value: 794,052
  • Low Value: 569,686

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $695,700
  • Assessed Land Value: $244,700
  • Assessed Improvements Value: $451,000

    Sales

  • Current Sale Recording Date: Nov 01, 1999
  • Current Sale Price:
    Premium
  • Current 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 Middlesex

Stats & Trends

Median Asking:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2673 ft²

Average Home Age

65.5 years

Currently For Sale

3349 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 years ago
Data Source: MLS PIN, MLS# 72054963

Frequently Asked Questions

When was property at 1 Colburn Avenue built and last sold?
The property at 1 Colburn Avenue was built in 2000 and last sold on Jan 1, 1970 for $80,000.
How much is this home worth?
The estimated value of the home located at 1 Colburn Avenue is $540,856.
What are some comparable homes to 1 Colburn Avenue?
There are currently no comparable homes to 1 Colburn Avenue.
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