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Middlesex
3 Schaeffer St
$180,000
● House - Off Market

3 Schaeffer St

Billerica, MA 01862
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,022 Ft²
$344,967
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

Builders take notice!  This picturesque property overlooking the Concord River on a 16,600 sq. ft. lot is an opportunity for builders, developers, investors, rehabbers, flippers and contractors. Property is being sold as is. Property is currently being used as a 1 bedroom. Will not qualify for conventional financing.  Buyers agent to conduct their own due diligence.
Unit Size
1,022 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$205
Property Type
House
Property Taxes
$304
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 years ago (MLSPIN #72091710)

Price History

Date / Event Date Event Price
Dec 22, 2016 Sold
Premium
Sold
Nov 10, 2016 Listed by Ivy Gate Realty $209,900
Listed by Ivy Gate Realty
Sep 28, 1990 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 792
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,601
  • Total Building Area: 1,022
  • Gross Building Area: 3,046
  • Building Area: 1,022
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,022
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000381
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Billerica School District
  • Census Tract: 316500

Zoning

  • Zoning: 2

Geography

  • District: 31
  • Parcel: BILL M:0022 B:0127 L:1
  • Block: 127
  • Lot: 1
  • Municipality: BILLERICA
  • Latitude: 42.5805
  • Longitude: -71.2816

    Address

  • Full Address: 3 Schaeffer St
  • Address - House Number: 3
  • Address - Street Name: Schaeffer
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Billerica
  • Carrier Code: C024
  • 4-Digit Zip Code: 2307
  • Zip Code: 01862

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $463,800

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 483,323
  • High Value: 562,840
  • Low Value: 403,805

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $410,800
  • Assessed Land Value: $283,600
  • Assessed Improvements Value: $127,200

    Sales

  • Current Sale Recording Date: Dec 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 290051
  • Previous Sale Recording Date: Sep 28, 1990
  • Previous Sale Amount: $125,000
  • 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:

$819,500

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2707 ft²

Average Home Age

65.2 years

Currently For Sale

3236 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 years ago
Data Source: MLS PIN, MLS# 72091710

Frequently Asked Questions

When was property at 3 Schaefer Street built and last sold?
The property at 3 Schaefer Street was built in 1920 and last sold on Jan 1, 1970 for $180,000.
How much is this home worth?
The estimated value of the home located at 3 Schaefer Street is $0.
What are some comparable homes to 3 Schaefer Street?
There are currently no comparable homes to 3 Schaefer Street.
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