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Middlesex
321 Richardson Road
$554,500
● House - Off Market

321 Richardson Road

Dracut, MA 01826
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,300 Ft²
$736,594
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

BUYERS FINANCING FELL THROUGH. Large 5 bedroom 3 1/2 bath Colonial on acre plus lot . This home is located among farms and conservation land. Relax alongside a cozy fire next to one of the three fireplaces. New rugs and refinished hardwood floors. Updated kitchen with hardwood floors and granite counter tops. Vinyl siding and new replacement windows. Built in wall AC units, 6 zone sprinkler system. 22 KW air cooled stand by generator w/2 propane fuel tanks. Over sized detached two car garage with walk up area great for storage or work shop. Fenced in area for dogs. New Leach Field. Minutes to rt. 93  VACANT EASY TO SHOW
Unit Size
3,300 Ft²
Days on Market
-
Land Size
1.15 acres
Price per sqft
$165
Property Type
House
Property Taxes
$548
HOA Dues
-
Year Built
1972

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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 #72602979)

Price History

Date / Event Date Event Price
Sep 9, 2020 Sold
Premium
Sold
Dec 30, 2019 Listed by LAER Realty Partners $544,900
Listed by LAER Realty Partners
Dec 26, 2019 Sold
Premium
Sold
Nov 13, 2019 Listed by LAER Realty Partners $805,000
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,404
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,050
  • Total Building Area: 2,430
  • Gross Building Area: 3,938
  • Building Area: 2,430
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,430
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001149
  • 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: 699117
  • District: 79
  • Parcel: DRAC M:6 L:4
  • Lot: 4
  • Municipality: DRACUT
  • Latitude: 42.7
  • Longitude: -71.2866

    Address

  • Full Address: 321 Richardson Rd
  • Address - House Number: 321
  • Address - Street Name: Richardson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dracut
  • Carrier Code: R001
  • 4-Digit Zip Code: 1423
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $647,200

    Appraisal Valuation

  • Standard Deviation: 0.1554
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 727,594
  • High Value: 840,694
  • Low Value: 614,494

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $619,300
  • Assessed Land Value: $222,500
  • Assessed Improvements Value: $396,800

    Sales

  • Current Sale Contract Date: Sep 08, 2020
  • Current Sale Recording Date: Sep 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 43278
  • Previous Sale Recording Date: Dec 26, 2019
  • Previous Sale Contract Date: Dec 19, 2019
  • Previous Sale Amount: $750,000
  • 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

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# 72602979

Frequently Asked Questions

When was property at 321 Richardson Road built and last sold?
The property at 321 Richardson Road was built in 1972 and last sold on Sep 8, 2020 for $554,500.
How much is this home worth?
The estimated value of the home located at 321 Richardson Road is $554,345.
What are some comparable homes to 321 Richardson Road?
There are currently no comparable homes to 321 Richardson Road.
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