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Middlesex
38 Berube Lane #LOT24
$731,444
● House - Off Market

38 Berube Lane #LOT24

Dracut, MA 01826
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,976 Ft²
$737,139
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Berube Farms Subdivision is a brand new 33 lot subdivision located in East Dracut.  Featuring Colonial style homes and Ranch style homes.  Prices starting in Low to Mid 700s.  Town water and sewer, propane gas.  First 9 lots released in fall of 2021.
Unit Size
1,976 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$370
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2022

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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 #72919025)

Price History

Date / Event Date Event Price
May 20, 2022 Sold
Premium
Sold
Nov 11, 2021 Listed by LAER Realty Partners $731,444
Listed by LAER Realty Partners
Berube Farms Subdivision is a brand new 33 lot subdivision located in East Dracut. Featuring Colonial style homes and Ranch style homes. Prices starting in Low to Mid 700s. Town water and sewer, propane gas. First 9 lots released in fall of 2021.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 20,000
  • Total Building Area: 1,978
  • Gross Building Area: 4,830
  • Building Area: 1,978
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,978
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • 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: 384824
  • District: 79
  • Parcel: DRAC M:38 B:48 L:24
  • Block: 48
  • Lot: 24
  • Municipality: DRACUT
  • Latitude: 42.6886
  • Longitude: -71.2634

    Address

  • Full Address: 38 Berube Ln
  • Address - House Number: 38
  • Address - Street Name: Berube
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Dracut
  • Carrier Code: R002
  • 4-Digit Zip Code: 4369
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $810,200

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 764,781
  • High Value: 890,604
  • Low Value: 638,957

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $775,300
  • Assessed Land Value: $196,400
  • Assessed Improvements Value: $578,900

    Sales

  • Current Sale Contract Date: May 13, 2022
  • Current Sale Recording Date: May 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21825
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# 72919025

Frequently Asked Questions

When was property at 38 Berube Lane built and last sold?
The property at 38 Berube Lane was built in 2022 and last sold on May 13, 2022 for $731,444.
How much is this home worth?
The estimated value of the home located at 38 Berube Lane is $747,426.
What are some comparable homes to 38 Berube Lane?
There are currently no comparable homes to 38 Berube Lane.
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