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Middlesex 01432
2 Magnolia Drive
Photo of 2 Magnolia Drive
Sold on Jun 30, 2008

1

Map

$340,000
● House - Off Market

2 Magnolia Drive

Ayer, MA 01432
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,550 Ft²
$646,612
RealtyHop Estimate
87.48%
Since Jul 1, 2008
National-US
Primary Model

About This Property

Act quickly on this stylish Dutch Gambrel loc in Crabtree Estates II!  Great features incl welcoming living rm w/wood burning fireplace! Inviting kitchen w/stainless steel appliances, granite tile counters & glass tile bcksplash! Crown & base moldings & hard wired speakers for sound system! Master bdrm w/romantic french balcony, recessed lighting & professionally designed walk-in closet! Beautiful hdwd flooring, pride of ownership shines through in this beauty! Nestled on a corner, level lot!
Unit Size
1,550 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$223
Property Type
House
Property Taxes
$260
HOA Dues
-
Year Built
1995

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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 #70743710)

Price History

Date / Event Date Event Price
Jun 30, 2008 Sold
Premium
Sold
Apr 13, 2008 Listed $344,900
Listed
Aug 28, 2002 Sold
Premium
Sold
Jun 28, 2002 Listed $299,900
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 2003
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 816
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,511
  • Total Building Area: 1,632
  • Gross Building Area: 3,250
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000930
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ayer-Shirley School District
  • School Tax School District: AYER SHIRLEY SD
  • Census Tract: 325101

Zoning

  • Zoning: A1

Geography

  • Parcel: AYER M:016 B:0000 L:0078
  • Lot: 78
  • Municipality: AYER
  • Latitude: 42.5662
  • Longitude: -71.5416

    Address

  • Full Address: 2 Magnolia Dr
  • Address - House Number: 2
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Ayer
  • Carrier Code: C004
  • 4-Digit Zip Code: 1555
  • Zip Code: 01432

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $566,100

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 631,882
  • High Value: 745,559
  • Low Value: 518,205

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $455,800
  • Assessed Land Value: $188,300
  • Assessed Improvements Value: $267,500

    Sales

  • Current Sale Recording Date: Jun 30, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00107471
  • Previous Sale Recording Date: Aug 28, 2002
  • Previous Sale Amount: $299,900
  • 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:

$809,999

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2698 ft²

Average Home Age

64.7 years

Currently For Sale

3150 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# 70743710

Frequently Asked Questions

When was property at 2 Magnolia Drive built and last sold?
The property at 2 Magnolia Drive was built in 1995 and last sold on Jan 1, 1970 for $340,000.
How much is this home worth?
The estimated value of the home located at 2 Magnolia Drive is $364,749.
What are some comparable homes to 2 Magnolia Drive?
There are currently no comparable homes to 2 Magnolia Drive.
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