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Middlesex
331 Richardson Road
$639,900
● House - Off Market

331 Richardson Road

Dracut, MA 01826
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,800 Ft²
$876,495
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Beautiful new Colonial to be built on acre plus lot in east Dracut. This lot is former farm land and is surrounded by open fields and meadows. Full vinyl and composite farmers porch. Huge attached Family room with cathedral ceiling and gas log fireplace, Sliders to large deck with amazing views. Formal dining room has half walls and columns. Large country kitchen with walk in pantry. 9 ft ceiling on first floor . Master suite with walk in tiled shower / walk in closet and tray ceilings. This plan is for a four bedroom home, however it can be changed to a three bedroom plan with open foyer and winding stairs.
Unit Size
2,800 Ft²
Days on Market
-
Land Size
1.15 acres
Price per sqft
$229
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

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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 #72624901)

Price History

Date / Event Date Event Price
Aug 21, 2020 Sold
Premium
Sold
Feb 27, 2020 Listed by LAER Realty Partners $639,900
Listed by LAER Realty Partners

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,142
  • Total Building Area: 2,862
  • Gross Building Area: 4,766
  • Building Area: 2,862
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,862
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001151
  • 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

Geography

  • Account Number: 642
  • District: 79
  • Parcel: DRAC M:6 B:4 L:2
  • Block: 4
  • Lot: 2
  • Municipality: DRACUT
  • Latitude: 42.7007
  • Longitude: -71.2875

    Address

  • Full Address: 331 Richardson Rd
  • Address - House Number: 331
  • 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: $822,800

    Appraisal Valuation

  • Standard Deviation: 0.1266
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 85
  • Final Value: 923,684
  • High Value: 1,040,636
  • Low Value: 806,732

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $787,400
  • Assessed Land Value: $222,500
  • Assessed Improvements Value: $564,900

    Sales

  • Current Sale Contract Date: Aug 11, 2020
  • Current Sale Recording Date: Aug 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 39526
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

2700 ft²

Average Home Age

65 years

Currently For Sale

3009 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: 6 months ago
Data Source: MLS PIN, MLS# 72624901

Frequently Asked Questions

When was property at 331 Richardson Road built and last sold?
The property at 331 Richardson Road was built in 2020 and last sold on Aug 11, 2020 for $639,900.
How much is this home worth?
The estimated value of the home located at 331 Richardson Road is $675,760.
What are some comparable homes to 331 Richardson Road?
There are currently no comparable homes to 331 Richardson Road.
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