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Middlesex 01463
1 Merrimac Drive
Photo of 1 Merrimac Drive
Sold on Jul 31, 2009

1

Map

$339,000
● House - Off Market

1 Merrimac Drive

Pepperell, MA 01463
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,024 Ft²
$721,467
RealtyHop Estimate
106.19%
Since Aug 1, 2009
National-US
Primary Model

About This Property

Located in a desirable sub-division, this Colonial offers many amenities. Open floor plan features a large kitchen/dining room with tile floors, plus a family room with brick FP.  Large BR's have ample closet space and there is a walk-up attic.  Present owners added the play room and over-sized garage.  Newly carpeted space in the W/O basement. Central air and ceiling fans. Mostly fenced-in yard with large deck, AG pool, play area and 2 sheds. Pepperell is an agriculture friendly community.
Unit Size
2,024 Ft²
Days on Market
-
Land Size
0.76 acres
Price per sqft
$173
Property Type
House
Property Taxes
$321
HOA Dues
-
Year Built
1995

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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: 4 months ago (MLSPIN #70927618)

Price History

Date / Event Date Event Price
Jul 31, 2009 Sold
Premium
Sold
Jun 2, 2009 Listed $349,900
Listed
Jun 26, 2001 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 7
  • Basement Area: 1,088
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,236
  • Total Building Area: 3,003
  • Gross Building Area: 4,898
  • Building Area: 3,003
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,003
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000763
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Middlesex School District
  • School Tax School District: N MIDDLESEX SD
  • Census Tract: 327101

Zoning

  • Zoning: RCR

Geography

  • Parcel: PEPP M:0011 B:0111 L:00000
  • Block: 111
  • Municipality: PEPPERELL
  • Latitude: 42.6815
  • Longitude: -71.5646

    Address

  • Full Address: 1 Merrimac Dr
  • Address - House Number: 1
  • Address - Street Name: Merrimac
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Pepperell
  • Carrier Code: R008
  • 4-Digit Zip Code: 1459
  • Zip Code: 01463

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $743,500

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 663,160
  • High Value: 764,918
  • Low Value: 561,403

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $518,100
  • Assessed Land Value: $138,500
  • Assessed Improvements Value: $379,600

    Sales

  • Current Sale Recording Date: Jul 31, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00150712
  • Previous Sale Recording Date: Jun 26, 2001
  • Previous Sale Amount: $284,900
  • Previous 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:

$815,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2675 ft²

Average Home Age

62.7 years

Currently For Sale

3269 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: 4 months ago
Data Source: MLS PIN, MLS# 70927618

Frequently Asked Questions

When was property at 1 Merrimac Drive built and last sold?
The property at 1 Merrimac Drive was built in 1995 and last sold on Jan 1, 1970 for $339,000.
How much is this home worth?
The estimated value of the home located at 1 Merrimac Drive is $381,699.
What are some comparable homes to 1 Merrimac Drive?
There are currently no comparable homes to 1 Merrimac Drive.
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