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Middlesex
4 Park Ave
$520,000
● House - Off Market

4 Park Ave

Dracut, MA 01826
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,820 Ft²
$460,671
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Spacious 3 bed 1.5 bath Raised Ranch in Dracut only about ½ mile from Mascuppic Lake. The first level features a living room, kitchen dining room combo with access to a deck, 2 good sized bedrooms and a full bath. The lower walk-out level offers a family room with gas fireplace, a bedroom and a half bath/laundry. The home has been very well maintained and is ready for its new owners' touches. The Burnham gas boiler was installed around 2008 and the water heater in 2023. The central air is for the 1st floor, the lower level stays cool on its own. The home has an alarm system that is already paid through September. The seller also paid for a 7-step lawn program that transfers to the new owner. Don't miss  out! Offers are due by Tuesday, May 9 at Noon.
Unit Size
1,820 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$253
Property Type
House
Property Taxes
$405
HOA Dues
-
Year Built
1986

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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 #73107383)

Price History

Date / Event Date Event Price
Jun 16, 2023 Sold
Premium
Sold
May 11, 2023 In contract -
In contract
May 4, 2023 Listed by Keller Williams Realty $459,900
Listed by Keller Williams Realty
Dec 4, 1992 Sold
Premium
Sold
Apr 30, 1990 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,600
  • Total Building Area: 1,028
  • Gross Building Area: 2,108
  • Building Area: 1,028
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,028
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • 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: 314101

Zoning

  • Zoning: B1

Geography

  • Account Number: 804103
  • District: 79
  • Parcel: DRAC M:31 L:73
  • Lot: 73
  • Municipality: DRACUT
  • Latitude: 42.6799
  • Longitude: -71.3664

    Address

  • Full Address: 4 Park Ave
  • Address - House Number: 4
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Dracut
  • Carrier Code: C002
  • 4-Digit Zip Code: 1918
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $485,600

    Appraisal Valuation

  • Standard Deviation: 0.187
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 518,881
  • High Value: 615,945
  • Low Value: 421,817

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $464,700
  • Assessed Land Value: $180,700
  • Assessed Improvements Value: $284,000

    Sales

  • Current Sale Contract Date: Jun 16, 2023
  • Current Sale Recording Date: Jun 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17000
  • Previous Sale Recording Date: Dec 04, 1992
  • Previous Sale Amount: $122,000
  • 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:

$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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73107383

Frequently Asked Questions

When was property at 4 Park Avenue built and last sold?
The property at 4 Park Avenue was built in 1986 and last sold on Jun 16, 2023 for $520,000.
How much is this home worth?
The estimated value of the home located at 4 Park Avenue is $488,451.
What are some comparable homes to 4 Park Avenue?
There are currently no comparable homes to 4 Park Avenue.
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