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Middlesex 01821
2 Cherry Road
$470,000
● House - Off Market

2 Cherry Road

Billerica, MA 01821
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,922 Ft²
$811,984
RealtyHop Estimate
76.56%
Since Jun 1, 2005
MA-Boston
Primary Model

About This Property

To be built new construction in excellent commuter location close to Rte. 3 and Middlesex Turnpike.  This quality built colonial features three bedrooms, 2.5 baths, 2 car garage under and a first floor laundry.  A walk up attic, central air, hardwood in the dining room, and the large eat in kitchen make this house a home.  The house is situated on a dead end street with Town Water and Sewer and sits beautifully on a very usable yard.
Unit Size
1,922 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$239
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2005

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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: 5 months ago (MLSPIN #70148047)

Price History

Date / Event Date Event Price
May 26, 2005 Sold
Premium
Sold
Feb 19, 2005 Listed by ERA Morrison Real Estate $459,900
Listed by ERA Morrison Real Estate
Jul 31, 1997 Sold
Premium
Sold
May 26, 1997 Listed by ERA Morrison Real Estate $119,900
Listed by ERA Morrison Real Estate

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 7
  • Basement Area: 956
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 2,193
  • Gross Building Area: 4,020
  • Building Area: 2,193
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,193
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NUTTINGS LAKE PARK PLAN A
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Billerica School District
  • Census Tract: 316300

Zoning

  • Zoning: 1

Geography

  • District: 31
  • Parcel: BILL M:0088 B:0044 L:1
  • Block: 44
  • Lot: 1
  • Municipality: BILLERICA
  • Latitude: 42.5336
  • Longitude: -71.2669

    Address

  • Full Address: 2 Cherry Rd
  • Address - House Number: 2
  • Address - Street Name: Cherry
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Billerica
  • Carrier Code: C009
  • 4-Digit Zip Code: 4061
  • Zip Code: 01821

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $764,700

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 768,996
  • High Value: 895,513
  • Low Value: 642,478

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $677,300
  • Assessed Land Value: $246,300
  • Assessed Improvements Value: $431,000

    Sales

  • Current Sale Recording Date: May 26, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00032537
  • Previous Sale Recording Date: Jul 31, 1997
  • Previous Sale Amount: $115,000
  • 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:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2706 ft²

Average Home Age

65.2 years

Currently For Sale

3280 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: 5 months ago
Data Source: MLS PIN, MLS# 70148047

Frequently Asked Questions

When was property at 2 Cherry Road built and last sold?
The property at 2 Cherry Road was built in 2005 and last sold on Jan 1, 1970 for $470,000.
How much is this home worth?
The estimated value of the home located at 2 Cherry Road is $476,932.
What are some comparable homes to 2 Cherry Road?
There are currently no comparable homes to 2 Cherry Road.
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