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Middlesex
215 Salem Rd
$725,000
● House - Off Market

215 Salem Rd

Dracut, MA 01826
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,496 Ft²
$753,213
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

This beautiful home in East Dracut has everything you are looking for!! Four bedrooms, 2.5 baths and a three car garage for that FUN car.   Hardwood floors throughout first floor. Granite countertops in kitchen and all baths. Primary bedroom has recessed coffer ceilings, a walk-in closet and full bath with Jacuzzi whirlpool tub. The back deck is a great size for entertaining. If you need more room the basement has a walkout ready to be finished.  Great location close to highway and minutes from NH for tax free shopping.
Unit Size
2,496 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$288
Property Type
House
Property Taxes
$625
HOA Dues
-
Year Built
2013

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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 #73022126)

Price History

Date / Event Date Event Price
Oct 3, 2022 Sold
Premium
Sold
Aug 11, 2022 Listed by ERA Key Realty Services $719,828
Listed by ERA Key Realty Services
Jul 17, 2015 Sold
Premium
Sold
Mar 18, 2015 Listed by ERA Key Realty Services $499,999
Listed by ERA Key Realty Services
Nov 22, 2013 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,312
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,349
  • Total Building Area: 2,496
  • Gross Building Area: 6,036
  • Building Area: 2,496
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,496
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000926
  • 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: 4128
  • District: 79
  • Parcel: DRAC M:4 B:12 L:8
  • Block: 12
  • Lot: 8
  • Municipality: DRACUT
  • Latitude: 42.7098
  • Longitude: -71.2506

    Address

  • Full Address: 215 Salem Rd
  • Address - House Number: 215
  • Address - Street Name: Salem
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dracut
  • Carrier Code: R003
  • 4-Digit Zip Code: 1617
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $779,000

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 825,489
  • High Value: 953,624
  • Low Value: 697,354

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $745,500
  • Assessed Land Value: $240,100
  • Assessed Improvements Value: $505,400

    Sales

  • Current Sale Contract Date: Oct 03, 2022
  • Current Sale Recording Date: Oct 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 41403
  • Previous Sale Recording Date: Jul 17, 2015
  • Previous Sale Amount: $500,000
  • Previous Sale Document Type: O
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:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2683 ft²

Average Home Age

62.9 years

Currently For Sale

3239 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# 73022126

Frequently Asked Questions

When was property at 215 Salem Road built and last sold?
The property at 215 Salem Road was built in 2013 and last sold on Oct 3, 2022 for $725,000.
How much is this home worth?
The estimated value of the home located at 215 Salem Road is $736,135.
What are some comparable homes to 215 Salem Road?
There are currently no comparable homes to 215 Salem Road.
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