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Middlesex
39 Drexel Drive
$360,000
● House - Off Market

39 Drexel Drive

Chelmsford, MA 01863
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,336 Ft²
$599,586
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

This respectable 3 bedroom, 2 bath ranch in a dignified setting is perfect for the person who is comfortable and secure. Beautiful hardwood floors, fireplace living room,  large family room made for relaxing, 3 season porch perfect for doing nothing, partial finished basement with sliders to a large level back yard, upgraded radiant heating system, Its the house for you if you  want a good home.
Unit Size
1,336 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$266
Property Type
House
Property Taxes
$458
HOA Dues
-
Year Built
1963

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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 #72031259)

Price History

Date / Event Date Event Price
Aug 17, 2016 Sold
Premium
Sold
Jun 30, 2016 Listed by Coldwell Banker Residential Brokerage - Chelmsford $355,000
Listed by Coldwell Banker Residential Brokerage - Chelmsford
Apr 15, 1998 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • 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: 22,500
  • Total Building Area: 1,336
  • Gross Building Area: 3,016
  • Building Area: 1,336
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,336
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000517
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Chelmsford School District
  • School Tax School District: CHELMSFORD SD
  • Census Tract: 317201

Geography

  • Account Number: 11522
  • Parcel: CHEL M:0046 B:0149 L:9
  • Block: 149
  • Lot: 9
  • Municipality: CHELMSFORD
  • Latitude: 42.6127
  • Longitude: -71.4056

    Address

  • Full Address: 39 Drexel Dr
  • Address - House Number: 39
  • Address - Street Name: Drexel
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: North Chelmsford
  • Carrier Code: C003
  • 4-Digit Zip Code: 2124
  • Zip Code: 01863

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $673,800

    Appraisal Valuation

  • Standard Deviation: 0.2468
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 616,824
  • High Value: 769,065
  • Low Value: 464,583

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $468,900
  • Assessed Land Value: $307,500
  • Assessed Improvements Value: $161,400

    Sales

  • Current Sale Recording Date: Aug 17, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 38374
  • Previous Sale Recording Date: Apr 15, 1998
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: 27
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

2684 ft²

Average Home Age

62.3 years

Currently For Sale

3240 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

Currently no nearby rentals
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72031259

Frequently Asked Questions

When was property at 39 Drexel Drive built and last sold?
The property at 39 Drexel Drive was built in 1963 and last sold on Jan 1, 1970 for $360,000.
How much is this home worth?
The estimated value of the home located at 39 Drexel Drive is $371,920.
What are some comparable homes to 39 Drexel Drive?
There are currently no comparable homes to 39 Drexel Drive.
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