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Middlesex 01469
16 Chestnut Drive
$254,000
● House - Off Market

16 Chestnut Drive

Townsend, MA 01469
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,596 Ft²
$461,109
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Beautiful, well maintained, updated, one owner home in the much sought after Timberlee Park section of town. This three bedroom ranch also offers an addition over looking the large fenced in flat yard with in ground pool, patio and air conditioned pool house. Great area for summer time fun. When pool time is over retreat to the inviting family room on the lower level with its own gas log stove and dry bar.  Enter this wonderful home through the mudroom that connects the main house to the oversized two car garage. Garage is finished and has third overhead door for access to the back yard. Garage also is plumbed with gas for future heat.
Unit Size
1,596 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$162
Property Type
House
Property Taxes
$315
HOA Dues
-
Year Built
1976

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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 #71800574)

Price History

Date / Event Date Event Price
May 3, 2021 Sold
Premium
Sold
Feb 11, 2021 Listed by Coldwell Banker Residential Brokerage - Westford $369,000
Listed by Coldwell Banker Residential Brokerage - Westford
Jun 22, 2015 Sold
Premium
Sold
Mar 12, 2015 Listed by Coldwell Banker Residential Brokerage - Westford $259,000
Listed by Coldwell Banker Residential Brokerage - Westford

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 21,880
  • Total Building Area: 1,596
  • Gross Building Area: 2,852
  • Building Area: 1,596
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,596
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000502
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Middlesex School District
  • Census Tract: 301102

Zoning

  • Zoning: RA3

Geography

  • District: 299
  • Parcel: TOWN M:053D B:0284 L:0000
  • Block: 284
  • Municipality: TOWNSEND
  • Latitude: 42.6393
  • Longitude: -71.6809

    Address

  • Full Address: 16 Chestnut Dr
  • Address - House Number: 16
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Townsend
  • Carrier Code: R002
  • 4-Digit Zip Code: 1335
  • Zip Code: 01469

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $583,500

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 449,865
  • High Value: 523,878
  • Low Value: 375,852

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $404,900
  • Assessed Land Value: $91,100
  • Assessed Improvements Value: $313,800

    Sales

  • Current Sale Contract Date: May 03, 2021
  • Current Sale Recording Date: May 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 100055
  • Previous Sale Recording Date: Jun 22, 2015
  • Previous Sale Amount: $254,000
  • Previous Sale Document Type: O
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# 71800574

Frequently Asked Questions

When was property at 16 Chestnut Drive built and last sold?
The property at 16 Chestnut Drive was built in 1976 and last sold on May 3, 2021 for $415,000.
How much is this home worth?
The estimated value of the home located at 16 Chestnut Drive is $388,350.
What are some comparable homes to 16 Chestnut Drive?
There are currently no comparable homes to 16 Chestnut Drive.
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