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Middlesex 01821
2 Martin Dr
$395,000
● House - Off Market

2 Martin Dr

Billerica, MA 01821
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,059 Ft²
$615,987
RealtyHop Estimate
66.53%
Since Oct 1, 2016
MA-Boston
Primary Model

About This Property

Cul-De-Sac Location! Bedford Line. Mint condition home in an excellent location seeks second owner! It could be you but you'll need to hurry! Meticulously and professionally maintained landscape wraps around a mint condition ranch style home. There's still time for summertime fun in the gorgeous level yard. Yes you can move right in and enjoy single level living in a home boasting of natural light throughout and gleaming hardwood floors. This home has been lovingly cared for by the original owner. See you Sunday at 11am at the very first open house!
Unit Size
1,059 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$349
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
1954

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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 #72033099)

Price History

Date / Event Date Event Price
Sep 30, 2016 Sold
Premium
Sold
Jul 5, 2016 Listed by RE/MAX Real Estate Group $369,900
Listed by RE/MAX Real Estate Group

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,465
  • Total Building Area: 1,059
  • Gross Building Area: 1,591
  • Building Area: 1,059
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,059
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000424
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: 3

Geography

  • District: 31
  • Parcel: BILL M:0088 B:0245 L:0
  • Block: 245
  • Municipality: BILLERICA
  • Latitude: 42.5327
  • Longitude: -71.2562

    Address

  • Full Address: 2 Martin Dr
  • Address - House Number: 2
  • Address - Street Name: Martin
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Billerica
  • Carrier Code: C009
  • 4-Digit Zip Code: 4423
  • Zip Code: 01821

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $596,900

    Appraisal Valuation

  • Standard Deviation: 0.185
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 595,528
  • High Value: 705,756
  • Low Value: 485,300

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $528,700
  • Assessed Land Value: $286,200
  • Assessed Improvements Value: $242,500

    Sales

  • Current Sale Recording Date: Sep 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 47295
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:

$819,900

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2707 ft²

Average Home Age

65.2 years

Currently For Sale

3105 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# 72033099

Frequently Asked Questions

When was property at 2 Martin Drive built and last sold?
The property at 2 Martin Drive was built in 1954 and last sold on Jan 1, 1970 for $395,000.
How much is this home worth?
The estimated value of the home located at 2 Martin Drive is $381,379.
What are some comparable homes to 2 Martin Drive?
There are currently no comparable homes to 2 Martin Drive.
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