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Middlesex
243 Forest Park Road
$375,000
● House - Off Market

243 Forest Park Road

Dracut, MA 01826
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,212 Ft²
$550,313
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

Raised Ranch, Located at the End of a Desirable Cul-de-sac in Dracut. Meticulously Maintained, The First Floor Features 3 Bedrooms, a Full Bathroom, Formal Dining Room, Eat-In Kitchen with Breakfast Bar / Island, Cathedral Ceiling Sun Room and Three Season Porch with Scenic Sunset Views. The Lower Level offers a Large Family Room with a Wood Burning Fireplace, Newly Remodeled Full Bathroom and a Grand Master Bedroom with Dual Closets. Entertain and Enjoy on the Wrap Around Deck or 1.72 Acre Lot Overlooking Lowell, Dracut, Tyngsborough State Forest with over 1,000 acers to Explore. Hike, Bike or Ski over 6 Miles of Trails or Access Plenty of Ponds, Swamps, Wetlands Great for Boating and Fishing. Great Commuter Location, Just Minutes from Tax Free NH!
Unit Size
2,212 Ft²
Days on Market
-
Land Size
1.72 acres
Price per sqft
$170
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1966

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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 #72494947)

Price History

Date / Event Date Event Price
Jul 3, 2019 Sold
Premium
Sold
May 7, 2019 Listed by LAER Realty Partners $375,000
Listed by LAER Realty Partners
Mar 30, 2005 Sold
Premium
Sold
Jan 18, 2005 Listed by LAER Realty Partners $312,000
Listed by LAER Realty Partners

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 9
  • Basement Area: 874
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 74,923
  • Total Building Area: 1,050
  • Gross Building Area: 2,524
  • Building Area: 1,050
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,050
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001720
  • 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: 314101

Zoning

  • Zoning: R1

Geography

  • Account Number: 524135
  • District: 79
  • Parcel: DRAC M:43 L:35
  • Lot: 35
  • Municipality: DRACUT
  • Latitude: 42.6673
  • Longitude: -71.3647

    Address

  • Full Address: 243 Forest Park Rd
  • Address - House Number: 243
  • Address - Street Name: Forest Park
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dracut
  • Carrier Code: C025
  • 4-Digit Zip Code: 4319
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $507,800

    Appraisal Valuation

  • Standard Deviation: 0.1676
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 560,712
  • High Value: 654,710
  • Low Value: 466,714

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $485,900
  • Assessed Land Value: $221,900
  • Assessed Improvements Value: $264,000

    Sales

  • Current Sale Contract Date: Jul 03, 2019
  • Current Sale Recording Date: Jul 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26746
  • Previous Sale Recording Date: Mar 30, 2005
  • Previous Sale Amount: $310,000
  • 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

2699 ft²

Average Home Age

64.7 years

Currently For Sale

3156 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 months ago
Data Source: MLS PIN, MLS# 72494947

Frequently Asked Questions

When was property at 243 Forest Park Road built and last sold?
The property at 243 Forest Park Road was built in 1966 and last sold on Jul 3, 2019 for $375,000.
How much is this home worth?
The estimated value of the home located at 243 Forest Park Road is $421,284.
What are some comparable homes to 243 Forest Park Road?
There are currently no comparable homes to 243 Forest Park Road.
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