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Middlesex
2 Spruce Lane
$200,000
● Land - Off Market

2 Spruce Lane

Dracut, MA 01826
bedrooms
Studio
bathrooms
0 Bath
$336,496
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

Green Acres Estates , a new APPROVED six lot subdivision. Beautiful wooded acre plus lots for sale. Natural gas and underground utilities. Septic designs in hand. Build your dream home. Owner is just selling the lots, buyers are responsible for all permitting. Minutes to route 93
Unit Size
-
Days on Market
-
Land Size
0.92 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2017

Payment Calculator

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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 months ago (MLSPIN #72096629)

Price History

Date / Event Date Event Price
Apr 4, 2017 Sold
Premium
Sold
Dec 23, 2016 Sold
Premium
Sold
Nov 28, 2016 Listed by LAER Realty Partners $200,000
Listed by LAER Realty Partners

Property Highlights

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 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: 40,057
  • Total Building Area: 2,078
  • Gross Building Area: 5,360
  • Building Area: 2,078
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,078
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Dracut School District
  • School Tax School District: DRACUT SD
  • Census Tract: 314302

Zoning

  • Zoning: R1

Geography

  • Account Number: 206112
  • District: 79
  • Parcel: DRAC M:20 B:61 L:12
  • Block: 61
  • Lot: 12
  • Municipality: DRACUT
  • Latitude: 42.6974
  • Longitude: -71.2822

    Address

  • Full Address: 2 Spruce Ln
  • Address - House Number: 2
  • Address - Street Name: Spruce
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Dracut
  • Carrier Code: R001
  • 4-Digit Zip Code: 1717
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $803,000

    Appraisal Valuation

  • Standard Deviation: 0.1266
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 85
  • Final Value: 891,512
  • High Value: 1,004,390
  • Low Value: 778,634

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $768,400
  • Assessed Land Value: $239,800
  • Assessed Improvements Value: $528,600

    Sales

  • Current Sale Recording Date: Apr 04, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13553
  • Previous Sale Recording Date: Dec 29, 2016
  • 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72096629

Frequently Asked Questions

When was property at 2 Spruce Lane built and last sold?
The property at 2 Spruce Lane was built in 2017 and last sold on Jan 1, 1970 for $200,000.
How much is this home worth?
The estimated value of the home located at 2 Spruce Lane is $202,000.
What are some comparable homes to 2 Spruce Lane?
There are currently no comparable homes to 2 Spruce Lane.
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