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Middlesex
231 Broadway Rd
$375,000
● House - Off Market

231 Broadway Rd

Dracut, MA 01826
bedrooms
4 Beds
bathrooms
1 Bath
square feet
2,059 Ft²
$485,153
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

This Raised Ranch is in move in condition.  Amazing hardwood floors thru out the main level.  Large eat in kitchen area with access to deck overlooking back yard.  Large finished lower level area which includes an additional bedroom, plus a family room with a bar.  This is a great spot to entertain and watch the big game.  Slider to the back yard from family room.  Add a bathroom in lower level and you could have the perfect in law type set up.  This house is in great condition and waiting for you.  Set up your apt today.
Unit Size
2,059 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$170
Property Type
House
Property Taxes
$312
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 months ago (MLSPIN #72672240)

Price History

Date / Event Date Event Price
Jul 27, 2020 Sold
Premium
Sold
Jun 11, 2020 Listed by LAER Realty Partners $349,900
Listed by LAER Realty Partners
Jun 25, 1999 Sold
Premium
Sold
Apr 2, 1999 Listed by LAER Realty Partners $159,900
Listed by LAER Realty Partners

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 1,032
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,400
  • Total Building Area: 1,069
  • Gross Building Area: 2,341
  • Building Area: 1,069
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,069
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000308
  • 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: 314301

Zoning

  • Zoning: I1

Geography

  • Account Number: 442535
  • District: 79
  • Parcel: DRAC M:37 L:60
  • Lot: 60
  • Municipality: DRACUT
  • Latitude: 42.678
  • Longitude: -71.2938

    Address

  • Full Address: 231 Broadway Rd
  • Address - House Number: 231
  • Address - Street Name: Broadway
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dracut
  • Carrier Code: R004
  • 4-Digit Zip Code: 2704
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $452,300

    Appraisal Valuation

  • Standard Deviation: 0.1676
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 500,415
  • High Value: 584,306
  • Low Value: 416,525

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $432,800
  • Assessed Land Value: $159,400
  • Assessed Improvements Value: $273,400

    Sales

  • Current Sale Contract Date: Jul 27, 2020
  • Current Sale Recording Date: Jul 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 34103
  • Previous Sale Recording Date: Jun 25, 1999
  • Previous Sale Amount: $152,000
  • 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 Middlesex

Stats & Trends

Median Asking:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2700 ft²

Average Home Age

62.6 years

Currently For Sale

3165 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: 4 months ago
Data Source: MLS PIN, MLS# 72672240

Frequently Asked Questions

When was property at 231 Broadway Road built and last sold?
The property at 231 Broadway Road was built in 1970 and last sold on Jul 27, 2020 for $375,000.
How much is this home worth?
The estimated value of the home located at 231 Broadway Road is $381,301.
What are some comparable homes to 231 Broadway Road?
There are currently no comparable homes to 231 Broadway Road.
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