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Middlesex
18 Varnum Rd
$500,000
● House - Off Market

18 Varnum Rd

Dracut, MA 01826
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,503 Ft²
$498,636
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

This is the one you've been waiting for !! .The first floor offers three spacious bedrooms and a sun-filled living room with  hardwood floors  that opens up to a kitchen  with a large island, cabinets,  appliances and countertops. The great room opens to a large screened in deck in to a very large private backyard, perfect for hosting parties. Second floor boasts a good size bonus room with skylights and a large walk-in closed and access to attic storage space. A  large magnificent two storied Barn/ workshop with power supply is an added bonus.
Unit Size
1,503 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$333
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
1950

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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 #73122070)

Price History

Date / Event Date Event Price
Jul 28, 2023 Sold
Premium
Sold
Jun 9, 2023 In contract -
In contract
Jun 7, 2023 Listed by Key Prime Realty LLC $500,000
Listed by Key Prime Realty LLC

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,503
  • Gross Building Area: 3,640
  • Building Area: 1,503
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,503
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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: 656614
  • District: 79
  • Parcel: DRAC M:25 L:65
  • Lot: 65
  • Municipality: DRACUT
  • Latitude: 42.6843
  • Longitude: -71.3558

    Address

  • Full Address: 18 Varnum Rd
  • Address - House Number: 18
  • Address - Street Name: Varnum
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dracut
  • Carrier Code: C002
  • 4-Digit Zip Code: 3024
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $511,500

    Appraisal Valuation

  • Standard Deviation: 0.1679
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 510,098
  • High Value: 595,785
  • Low Value: 424,410

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $489,500
  • Assessed Land Value: $210,200
  • Assessed Improvements Value: $279,300

    Sales

  • Current Sale Contract Date: Jul 28, 2023
  • Current Sale Recording Date: Jul 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22015
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

2700 ft²

Average Home Age

62.6 years

Currently For Sale

3165 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# 73122070

Frequently Asked Questions

When was property at 18 Varnum Road built and last sold?
The property at 18 Varnum Road was built in 1950 and last sold on Jul 28, 2023 for $500,000.
How much is this home worth?
The estimated value of the home located at 18 Varnum Road is $514,596.
What are some comparable homes to 18 Varnum Road?
There are currently no comparable homes to 18 Varnum Road.
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