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Middlesex 01821
3 Martin Drive
$308,000
● House - Off Market

3 Martin Drive

Billerica, MA 01821
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,432 Ft²
$599,057
RealtyHop Estimate
90.24%
Since Jan 1, 2007
MA-Boston
Primary Model

About This Property

First time buyers!!!  Why rent when you can own this lovely 3 bedroom home.  This home offers spacious fireplaced familyroom. Attached one car garage.  Large .57 acre lot on desireable cul d sac, great neighboorhood.  Must see to appreciate, loaded with potential. Won't last.
Unit Size
1,432 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$220
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1954

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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: 6 months ago (MLSPIN #70471835)

Price History

Date / Event Date Event Price
Dec 18, 2006 Sold
Premium
Sold
Oct 5, 2006 Listed by Prudential Classic Homes $314,900
Listed by Prudential Classic Homes

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • 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: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,642
  • Total Building Area: 1,432
  • Gross Building Area: 2,208
  • Building Area: 1,432
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,432
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000566
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Billerica School District
  • Census Tract: 316300

Zoning

  • Zoning: 3

Geography

  • District: 31
  • Parcel: BILL M:0088 B:0240 L:0
  • Block: 240
  • Municipality: BILLERICA
  • Latitude: 42.533
  • Longitude: -71.257

    Address

  • Full Address: 3 Martin Dr
  • Address - House Number: 3
  • Address - Street Name: Martin
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Billerica
  • Carrier Code: C009
  • 4-Digit Zip Code: 4414
  • Zip Code: 01821

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $569,500

    Appraisal Valuation

  • Standard Deviation: 0.2406
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 66
  • Final Value: 565,239
  • High Value: 701,277
  • Low Value: 429,202

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $504,400
  • Assessed Land Value: $304,000
  • Assessed Improvements Value: $200,400

    Sales

  • Current Sale Recording Date: Dec 18, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00070409
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:

$824,900

Sale Price/ft²

$439

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2702 ft²

Average Home Age

65.1 years

Currently For Sale

3031 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: 6 months ago
Data Source: MLS PIN, MLS# 70471835

Frequently Asked Questions

When was property at 3 Martin Drive built and last sold?
The property at 3 Martin Drive was built in 1954 and last sold on Jan 1, 1970 for $308,000.
How much is this home worth?
The estimated value of the home located at 3 Martin Drive is $334,748.
What are some comparable homes to 3 Martin Drive?
There are currently no comparable homes to 3 Martin Drive.
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