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Middlesex
155 Gerrish Ave
$475,000
● House - Off Market

155 Gerrish Ave

Dracut, MA 01826
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,105 Ft²
$447,094
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Welcome to 155 Gerrish Ave - a beautiful home in a fantastic location. Very special family owned generational property. Well maintained with lots of care throughout. Investors, contractors, and buyers with a vision - bring your ideas. This home is currently being used as a multi-family with 3 separate units. Main level owner occupied. 2 bedroom unit and 1 bedroom unit are both tenant occupied. Town needs modifications to bring to multi status or to convert back to single family home. Seller makes no warranties or representations. Buyer to do due diligence. Large, beautifully maintained yard, 2 car garage, and quiet neighborhood in a fantastic commuting location. Showings start at Open House Sunday 7/30 from 11:00-1:00.
Unit Size
2,105 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$214
Property Type
House
Property Taxes
$438
HOA Dues
-
Year Built
1921

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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 #73140828)

Price History

Date / Event Date Event Price
Sep 15, 2023 Sold
Premium
Sold
Aug 2, 2023 In contract -
In contract
Jul 26, 2023 Listed by Kerry Landry $449,900
Listed by Kerry Landry

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 857
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,379
  • Total Building Area: 2,105
  • Gross Building Area: 3,590
  • Building Area: 2,105
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 2,105
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000927
  • 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: 314102

Zoning

  • Zoning: R3

Geography

  • Account Number: 92620
  • District: 79
  • Parcel: DRAC M:59 L:86
  • Lot: 86
  • Municipality: DRACUT
  • Latitude: 42.6634
  • Longitude: -71.3377

    Address

  • Full Address: 155 Gerrish Ave
  • Address - House Number: 155
  • Address - Street Name: Gerrish
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Dracut
  • Carrier Code: C010
  • 4-Digit Zip Code: 4515
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $488,000

    Appraisal Valuation

  • Standard Deviation: 0.1631
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 547,345
  • High Value: 636,639
  • Low Value: 458,052

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $467,000
  • Assessed Land Value: $218,300
  • Assessed Improvements Value: $248,700

    Sales

  • Current Sale Contract Date: Sep 15, 2023
  • Current Sale Recording Date: Sep 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27388
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

2683 ft²

Average Home Age

62.9 years

Currently For Sale

3239 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# 73140828

Frequently Asked Questions

When was property at 155 Gerrish Avenue built and last sold?
The property at 155 Gerrish Avenue was built in 1921 and last sold on Sep 15, 2023 for $475,000.
How much is this home worth?
The estimated value of the home located at 155 Gerrish Avenue is $456,427.
What are some comparable homes to 155 Gerrish Avenue?
There are currently no comparable homes to 155 Gerrish Avenue.
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