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Middlesex 01821
362 Concord Rd
$350,000
● House - Off Market

362 Concord Rd

Billerica, MA 01821
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,296 Ft²
$385,778
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

OPPORTUNITY to own a home with a garage in Billerica with a FANTASTIC backyard Oasis.  Potential to use Office as a 4th bedroom (doesn't have a closet).  Natural Gas FHW heat on first floor and electric heat on second floor. Replacement windows and 15 year old roof.  Hardwood throughout.  Title V pass.  Updating and elbow grease will pay off big time!  SOLD AS-IS.  NO FHA or VA.  Offers due Monday (5/3) @ 10.  Seller reserves the right to accept an offer before deadline.
Unit Size
1,296 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$258
Property Type
House
Property Taxes
$369
HOA Dues
-
Year Built
1953

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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: 5 years ago (MLSPIN #72821860)

Price History

Date / Event Date Event Price
Jun 16, 2021 Sold
Premium
Sold
Apr 28, 2021 Listed by Invest Realty Group $335,000
Listed by Invest Realty Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 864
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,422
  • Total Building Area: 1,296
  • Gross Building Area: 2,672
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000377
  • 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:0095 B:0006 L:0
  • Block: 6
  • Municipality: BILLERICA
  • Latitude: 42.5293
  • Longitude: -71.2838

    Address

  • Full Address: 362 Concord Rd
  • Address - House Number: 362
  • Address - Street Name: Concord
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Billerica
  • Carrier Code: C010
  • 4-Digit Zip Code: 4103
  • Zip Code: 01821

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $491,200
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1906
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 498,704
  • High Value: 593,787
  • Low Value: 403,622

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $435,100
  • Assessed Land Value: $253,800
  • Assessed Improvements Value: $181,300

    Sales

  • Current Sale Contract Date: Jun 15, 2021
  • Current Sale Recording Date: Jun 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35274
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:

$819,900

Sale Price/ft²

$439

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2714 ft²

Average Home Age

64.9 years

Currently For Sale

3116 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: 5 years ago
Data Source: MLS PIN, MLS# 72821860

Frequently Asked Questions

When was property at 362 Concord Road built and last sold?
The property at 362 Concord Road was built in 1953 and last sold on Jun 15, 2021 for $350,000.
How much is this home worth?
The estimated value of the home located at 362 Concord Road is $0.
What are some comparable homes to 362 Concord Road?
There are currently no comparable homes to 362 Concord Road.
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