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Pinehurst 01821
2 Payson Rd
$580,000
● House - Off Market

2 Payson Rd

Billerica, MA 01821
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,073 Ft²
$741,168
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Located in the sought after Pines neighborhood, nothing to do but move right in!  This home has been impeccably cared for and maintained inside and out.  The main level features hardwood floors throughout with a spacious, cabinet packed kitchen including all upgraded stainless steel appliances.  The lower level is completely finished and includes a family room with wood burning stove, a third bedroom with walk-in closet and 3/4 bathroom.  The laundry room has plenty of storage/pantry space including exterior access and interior fire wood storage.  The over sized 2 car garage boasts 12' ceilings and has it's own heat zone.  Perfectly manicured landscaping and garden area along with 2 decks, a patio area and fire pit make the outdoor space perfect for entertaining or relaxing.
Unit Size
2,073 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$277
Property Type
House
Property Taxes
$432
HOA Dues
-
Year Built
1970

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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 years ago (MLSPIN #72717034)

Price History

Date / Event Date Event Price
Oct 20, 2020 Sold
Premium
Sold
Aug 27, 2020 Listed by Coldwell Banker Realty - Winchester $574,900
Listed by Coldwell Banker Realty - Winchester
May 24, 1991 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 7
  • Basement Area: 1,000
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,999
  • Total Building Area: 1,823
  • Gross Building Area: 3,217
  • Building Area: 1,823
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,823
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000253
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Billerica School District
  • Census Tract: 316201

Zoning

  • Zoning: 2

Geography

  • District: 31
  • Parcel: BILL M:0080 B:0029 L:0
  • Block: 29
  • Municipality: BILLERICA
  • Latitude: 42.5402
  • Longitude: -71.2476

    Address

  • Full Address: 2 Payson Rd
  • Address - House Number: 2
  • Address - Street Name: Payson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Billerica
  • Carrier Code: C012
  • 4-Digit Zip Code: 5304
  • Zip Code: 01821

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $687,600

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 677,650
  • High Value: 796,103
  • Low Value: 559,196

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $609,000
  • Assessed Land Value: $264,700
  • Assessed Improvements Value: $344,300

    Sales

  • Current Sale Contract Date: Oct 10, 2020
  • Current Sale Recording Date: Oct 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 52655
  • Previous Sale Recording Date: May 24, 1991
  • Previous Sale Amount: $145,000
  • 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 Pinehurst

Stats & Trends

Median Asking:

$714,950

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1888 ft²

Average Home Age

52.7 years

Currently For Sale

9 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: 4 years ago
Data Source: MLS PIN, MLS# 72717034

Frequently Asked Questions

When was property at 2 Payson Road built and last sold?
The property at 2 Payson Road was built in 1970 and last sold on Oct 10, 2020 for $580,000.
How much is this home worth?
The estimated value of the home located at 2 Payson Road is $0.
What are some comparable homes to 2 Payson Road?
There are currently no comparable homes to 2 Payson Road.
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