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Middlesex 01432
127 Oak Ridge Dr
$390,000
● House - Off Market

127 Oak Ridge Dr

Ayer, MA 01432
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$415,912
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Waterfront Property! Welcome to 127 Oak Ridge Drive.  Priced for the buyer that's looking to build some instant equity by doing  some updating or an investor. The home sits right above the water's edge and will provide all kinds of water recreation to it's new owner.  The home is located in a wonderful neighborhood in ever popular Ayer.  Endless possibilities await for this 3 bedroom,  1 full bath home.  The house  is completely habitable while you plan your updates and improvements, Premiere Location!
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$379
Property Type
House
Property Taxes
$346
HOA Dues
-
Year Built
1965

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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 #73015945)

Price History

Date / Event Date Event Price
Sep 2, 2022 Sold
Premium
Sold
Jul 21, 2022 Listed by Team Realty $399,900
Listed by Team Realty

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1988
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,056
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,056
  • 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: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ayer-Shirley School District
  • School Tax School District: AYER SHIRLEY SD
  • Census Tract: 325101

Zoning

  • Zoning: A2

Geography

  • Parcel: AYER M:028 B:0000 L:0047
  • Lot: 47
  • Municipality: AYER
  • Latitude: 42.5587
  • Longitude: -71.5673

    Address

  • Full Address: 127 Oak Ridge Dr
  • Address - House Number: 127
  • Address - Street Name: Oak Ridge
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Ayer
  • Carrier Code: C003
  • 4-Digit Zip Code: 1439
  • Zip Code: 01432

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $429,200
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.1912
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 437,341
  • High Value: 520,966
  • Low Value: 353,716

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $345,600
  • Assessed Land Value: $161,800
  • Assessed Improvements Value: $183,800

    Sales

  • Current Sale Contract Date: Aug 31, 2022
  • Current Sale Recording Date: Sep 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 135274
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# 73015945

Frequently Asked Questions

When was property at 127 Oak Ridge Drive built and last sold?
The property at 127 Oak Ridge Drive was built in 1965 and last sold on Aug 31, 2022 for $390,000.
How much is this home worth?
The estimated value of the home located at 127 Oak Ridge Drive is $407,355.
What are some comparable homes to 127 Oak Ridge Drive?
There are currently no comparable homes to 127 Oak Ridge Drive.
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