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Middlesex
16 Colonial Dr.
Photo of 16 Colonial Dr.
Sold on May 16, 2008

1

Map

$378,000
● House - Off Market

16 Colonial Dr.

Chelmsford, MA 01824
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,951 Ft²
$745,989
RealtyHop Estimate
86.54%
Since Jun 1, 2008
National-US
Primary Model

About This Property

CLASSIC CAPE IN MINT CONDITION! This home is light and bright with many oversized windows.It has a beautiful liv. rm w/ brick fireplace,formal dining rm, & a family rm off the kitchen. The Masterbedrm is one of the 2 bedrms on the first floor with 2 lg bedrms on the second level.All this with a 2 car garge, central air,newer furnace & hot water tank,& updated elec located on a horseshoe road with a private backyard yet close to the center,shopping and all the major routes.
Unit Size
1,951 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$205
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
1962

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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 #70736652)

Price History

Date / Event Date Event Price
Jun 30, 2021 Sold
Premium
Sold
Mar 17, 2021 Listed $634,500
Listed
May 16, 2008 Sold
Premium
Sold
Apr 2, 2008 Listed $399,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,598
  • Total Building Area: 2,189
  • Gross Building Area: 4,632
  • Building Area: 2,189
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,189
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONIAL DRIVE
  • Land Acres: 0000000679
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Chelmsford School District
  • School Tax School District: CHELMSFORD SD
  • Census Tract: 317203

Geography

  • Account Number: 4105
  • Parcel: CHEL M:0039 B:0163 L:5
  • Block: 163
  • Lot: 5
  • Municipality: CHELMSFORD
  • Latitude: 42.6145
  • Longitude: -71.3569

    Address

  • Full Address: 16 Colonial Dr
  • Address - House Number: 16
  • Address - Street Name: Colonial
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Chelmsford
  • Carrier Code: C027
  • 4-Digit Zip Code: 1616
  • Zip Code: 01824

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $912,600

    Appraisal Valuation

  • Standard Deviation: 0.1742
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 808,579
  • High Value: 949,493
  • Low Value: 667,664

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $635,100
  • Assessed Land Value: $361,200
  • Assessed Improvements Value: $273,900

    Sales

  • Current Sale Contract Date: Jun 30, 2021
  • Current Sale Recording Date: Jun 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 38738
  • Previous Sale Recording Date: May 16, 2008
  • Previous Sale Amount: $378,000
  • 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:

$810,000

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# 70736652

Frequently Asked Questions

When was property at 16 Colonial Drive built and last sold?
The property at 16 Colonial Drive was built in 1962 and last sold on Jun 30, 2021 for $735,000.
How much is this home worth?
The estimated value of the home located at 16 Colonial Drive is $653,761.
What are some comparable homes to 16 Colonial Drive?
There are currently no comparable homes to 16 Colonial Drive.
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