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Pinehurst 01821
2 Summit Rd
$490,000
● House - Off Market

2 Summit Rd

Billerica, MA 01821
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,836 Ft²
$537,508
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

Welcome to this classic expanded Cape style home in a quiet, family oriented neighborhood in beautiful Billerica.  This gem has a good sized yard *AND* the lot to the right is considered a "park" but offers more privacy, than having a residence in that space, while providing a nice area for kids to play,  Close to the Burlington Mall, & access to routes 3, 128, 95, 495, 93.  Beautiful Oak Trees offer serenity & shade in the summer.  Walking distance to great restaurants convenience stores and many other shops. Close to canoeing kayaking and swimming, to UMass Lowell & train station.  Offers due 11-7-22.  NEW Title V pass in hand!  Don't miss this one!!  Go and Show makes showing easy!
Unit Size
1,836 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$272
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1962

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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 #73048769)

Price History

Date / Event Date Event Price
Dec 16, 2022 Sold
Premium
Sold
Nov 10, 2022 In contract -
In contract
Nov 1, 2022 Listed by Curtis Knight Real Estate LLC $499,900
Listed by Curtis Knight Real Estate LLC

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,836
  • Gross Building Area: 2,592
  • Building Area: 1,836
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,836
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINEDALE PARK
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Billerica School District
  • Census Tract: 316202

Zoning

  • Zoning: 1

Geography

  • District: 31
  • Parcel: BILL M:0099 B:0452 L:0
  • Block: 452
  • Municipality: BILLERICA
  • Latitude: 42.5297
  • Longitude: -71.2205

    Address

  • Full Address: 2 Summit Rd
  • Address - House Number: 2
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Billerica
  • Carrier Code: C013
  • 4-Digit Zip Code: 6306
  • Zip Code: 01821

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $544,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.183
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 603,549
  • High Value: 714,043
  • Low Value: 493,054

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $482,000
  • Assessed Land Value: $274,600
  • Assessed Improvements Value: $207,400

    Sales

  • Current Sale Contract Date: Dec 16, 2022
  • Current Sale Recording Date: Dec 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 51061
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:

$719,950

Sale Price/ft²

$371

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1683 ft²

Average Home Age

45.6 years

Currently For Sale

11 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# 73048769

Frequently Asked Questions

When was property at 2 Summit Road built and last sold?
The property at 2 Summit Road was built in 1962 and last sold on Dec 16, 2022 for $490,000.
How much is this home worth?
The estimated value of the home located at 2 Summit Road is $519,143.
What are some comparable homes to 2 Summit Road?
There are currently no comparable homes to 2 Summit Road.
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