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Middlesex
121 Pelham Road
$470,000
● House - Off Market

121 Pelham Road

Dracut, MA 01826
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,056 Ft²
$703,270
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

You will love this colonial in desirable East Dracut!  This 3-bedroom, 2.5-bath home has a 2-car garage and is just minutes from Rt 93.  The kitchen features granite countertops, tile backsplash, stainless steel appliances and a large island.  Master bedroom includes a master bath, large walk-in closet, and bonus space for a dressing room or small office.  Other features include a large 2nd floor laundry room, fireplace, beautiful custom built-ins in the family room, and an irrigation system.  Read a book in the screened-in porch or relax on the deck by the pool.  Recent upgrades include new hot water heater, new garage doors, updated well, newer roof, furnace, and A/C condenser.
Unit Size
2,056 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$226
Property Type
House
Property Taxes
$454
HOA Dues
-
Year Built
1995

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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: 4 months ago (MLSPIN #72341162)

Price History

Date / Event Date Event Price
Sep 20, 2018 Sold
Premium
Sold
Jun 6, 2018 Listed by Coco, Early & Associates $464,900
Listed by Coco, Early & Associates

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

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: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 364
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,070
  • Total Building Area: 2,680
  • Gross Building Area: 4,670
  • Building Area: 2,680
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,680
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000920
  • 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: 314302

Zoning

  • Zoning: R1

Geography

  • District: 79
  • Parcel: DRAC M:8 B:2 L:1
  • Block: 2
  • Lot: 1
  • Municipality: DRACUT
  • Latitude: 42.7088
  • Longitude: -71.2535

    Address

  • Full Address: 121 Pelham Rd
  • Address - House Number: 121
  • Address - Street Name: Pelham
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dracut
  • Carrier Code: R003
  • 4-Digit Zip Code: 1605
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $718,500

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 701,335
  • High Value: 827,534
  • Low Value: 575,136

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $687,600
  • Assessed Land Value: $218,000
  • Assessed Improvements Value: $469,600

    Sales

  • Current Sale Recording Date: Sep 20, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 41321
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:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2682 ft²

Average Home Age

62.4 years

Currently For Sale

3273 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: 4 months ago
Data Source: MLS PIN, MLS# 72341162

Frequently Asked Questions

When was property at 121 Pelham Road built and last sold?
The property at 121 Pelham Road was built in 1995 and last sold on Jan 1, 1970 for $470,000.
How much is this home worth?
The estimated value of the home located at 121 Pelham Road is $493,923.
What are some comparable homes to 121 Pelham Road?
There are currently no comparable homes to 121 Pelham Road.
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