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Middlesex
2 Cottage Row
$350,000
● House - Off Market

2 Cottage Row

Chelmsford, MA 01863
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,932 Ft²
$418,648
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Excellent opportunity for contractors/investors! Antique cape-style home in the heart of North Chelmsford... close to Vinal Square shops and restaurants and just a short drive to Nashua for tax-free New Hampshire shopping!  Hardwood flooring throughout most of the home, three bedrooms, including one first-floor bedroom and two front-to-back bedrooms on the second floor, 1.5 baths, newer furnace, first-floor laundry, easy-maintenance vinyl siding, and off-street parking. The first floor is currently set up for a salon; may be transferrable to new owners. Buyers/buyers' agents need to do due diligence. This property is being sold as-is; won't qualify for VA or FHA.
Unit Size
1,932 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$197
Property Type
House
Property Taxes
$443
HOA Dues
-
Year Built
1835

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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 years ago (MLSPIN #72899621)

Price History

Date / Event Date Event Price
Dec 14, 2021 Sold
Premium
Sold
Sep 23, 2021 Listed by Invest Realty Group $380,000
Listed by Invest Realty Group

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1835
  • Effective Year Built: 1835
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 5,753
  • Total Building Area: 1,932
  • Gross Building Area: 2,762
  • Building Area: 1,932
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,932
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000132
  • 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: 317302

Geography

  • Account Number: 878
  • Parcel: CHEL M:0013 B:0034 L:3
  • Block: 34
  • Lot: 3
  • Municipality: CHELMSFORD
  • Latitude: 42.638
  • Longitude: -71.3801

    Address

  • Full Address: 2 Cottage Row
  • Address - House Number: 2
  • Address - Street Name: Cottage
  • Address - Suffix Type: Row
  • State: MA
  • City Name: North Chelmsford
  • Carrier Code: C001
  • 4-Digit Zip Code: 1506
  • Zip Code: 01863

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $632,400

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 574,289
  • High Value: 725,346
  • Low Value: 423,233

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $440,100
  • Assessed Land Value: $225,800
  • Assessed Improvements Value: $214,300

    Sales

  • Current Sale Contract Date: Nov 29, 2021
  • Current Sale Recording Date: Dec 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 72310
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

2673 ft²

Average Home Age

65.4 years

Currently For Sale

3328 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72899621

Frequently Asked Questions

When was property at 2 Cottage Row built and last sold?
The property at 2 Cottage Row was built in 1835 and last sold on Nov 29, 2021 for $350,000.
How much is this home worth?
The estimated value of the home located at 2 Cottage Row is $0.
What are some comparable homes to 2 Cottage Row?
There are currently no comparable homes to 2 Cottage Row.
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