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Middlesex 01464
38 Benjamin Road
$238,000
● House - Off Market

38 Benjamin Road

Shirley, MA 01464
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,798 Ft²
$348,590
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Classic Bungalow with Craftsman interior detail has been owned and loved by the same family for 67 years. Solid construction and workmanship but make no mistake there is work to be done and it is your chance to turn sweat into equity, loaded with potential and ready to be restored to its past glory. Vestibule entrance, Fireplace in living room and master bedroom, hardwood floors in most of the rooms, L-shape staircase and second set of stairs, built in's, lots of windows - flooded with natural light all with a spaciousness so seldom felt in newer homes.  Enjoy the sun-porch that walks out to the private covered porch, room for the rocking chairs and porch swing. Located in a neighborhood near downtown and close to Train Stop.  All Offers need to be submitted by noontime, Saturday, July 27th to be reviewed by Owner.
Unit Size
1,798 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$132
Property Type
House
Property Taxes
$312
HOA Dues
-
Year Built
1910

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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 #72538654)

Price History

Date / Event Date Event Price
May 25, 2022 Sold
Premium
Sold
Oct 17, 2019 Sold
Premium
Sold
Jul 23, 2019 Listed by LAER Realty Partners $238,000
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 986
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,117
  • Total Building Area: 1,798
  • Gross Building Area: 3,385
  • Building Area: 1,798
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,798
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ayer-Shirley School District
  • Census Tract: 388200

Zoning

  • Zoning: R2

Geography

  • Parcel: SHIR M:0022 B:000A L:00001
  • Block: A
  • Lot: 1
  • Municipality: SHIRLEY
  • Latitude: 42.549
  • Longitude: -71.6495

    Address

  • Full Address: 38 Benjamin Rd
  • Address - House Number: 38
  • Address - Street Name: Benjamin
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Shirley
  • Carrier Code: R001
  • 4-Digit Zip Code: 2600
  • Zip Code: 01464

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $435,300

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 74
  • Final Value: 399,253
  • High Value: 474,969
  • Low Value: 323,538

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $320,800
  • Assessed Land Value: $111,400
  • Assessed Improvements Value: $209,400

    Sales

  • Current Sale Contract Date: May 25, 2022
  • Current Sale Recording Date: May 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 78754
  • Previous Sale Recording Date: Oct 17, 2019
  • Previous Sale Contract Date: Oct 17, 2019
  • Previous Sale Amount: $238,000
  • 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:

$815,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2675 ft²

Average Home Age

62.7 years

Currently For Sale

3269 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# 72538654

Frequently Asked Questions

When was property at 38 Benjamin Road built and last sold?
The property at 38 Benjamin Road was built in 1910 and last sold on May 25, 2022 for $235,000.
How much is this home worth?
The estimated value of the home located at 38 Benjamin Road is $270,394.
What are some comparable homes to 38 Benjamin Road?
There are currently no comparable homes to 38 Benjamin Road.
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