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Middlesex
16 Lakeshore Dr
$452,000
● House - Off Market

16 Lakeshore Dr

Dracut, MA 01826
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,775 Ft²
$585,719
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Waterfront property!!! This is your opportunity to purchase a year-round waterfront home home with private dock and all town utilities! Located on sought after Long pond with boating and water sports in the summer and ice fishing and winter activities on the lake. This has been a family summer home for generations and has been very well maintained with endless possibilities. Home features solid concrete/block foundation with walk out basement that has a summer kitchen -family-room and 3/4 bath, 1st floor has 2 bedrooms, kitchen - open concept dining and living area and a large porch overlooking the lake, there is a staircase that leads to a large unfinished walk up attic for future expansion. Other features include vinyl siding and an updated forced hot air furnace. Vacation all year round in your new home!!!
Unit Size
1,775 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$225
Property Type
House
Property Taxes
$383
HOA Dues
-
Year Built
1945

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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 #72550097)

Price History

Date / Event Date Event Price
May 11, 2022 Sold
Premium
Sold
Oct 17, 2019 Sold
Premium
Sold
Aug 15, 2019 Listed by RE/MAX Insight $399,900
Listed by RE/MAX Insight

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 1,232
  • Garage Type: 0
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,500
  • Total Building Area: 952
  • Gross Building Area: 3,362
  • Building Area: 952
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 952
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • 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: 314101

Zoning

  • Zoning: R1

Geography

  • Account Number: 585022
  • District: 79
  • Parcel: DRAC M:14 L:32
  • Lot: 32
  • Municipality: DRACUT
  • Latitude: 42.6907
  • Longitude: -71.3696

    Address

  • Full Address: 16 Lakeshore Dr
  • Address - House Number: 16
  • Address - Street Name: Lakeshore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Dracut
  • Carrier Code: C003
  • 4-Digit Zip Code: 1006
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $576,900

    Appraisal Valuation

  • Standard Deviation: 0.189
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 502,858
  • High Value: 597,929
  • Low Value: 407,788

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $552,100
  • Assessed Land Value: $275,500
  • Assessed Improvements Value: $276,600

    Sales

  • Current Sale Contract Date: May 11, 2022
  • Current Sale Recording Date: May 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20203
  • Previous Sale Recording Date: Oct 17, 2019
  • Previous Sale Contract Date: Oct 09, 2019
  • Previous Sale Amount: $452,000
  • 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

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# 72550097

Frequently Asked Questions

When was property at 16 Lakeshore Drive built and last sold?
The property at 16 Lakeshore Drive was built in 1945 and last sold on May 11, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 16 Lakeshore Drive is $430,796.
What are some comparable homes to 16 Lakeshore Drive?
There are currently no comparable homes to 16 Lakeshore Drive.
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