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Middlesex
40 Gerrish Ave
$450,000
● House - Off Market

40 Gerrish Ave

Dracut, MA 01826
bedrooms
3 Beds
bathrooms
4 Baths
square feet
2,656 Ft²
$528,709
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

3 bed, 3.5 bath Ranch with possible potential for additional studio apartment or in-law suite? Updates include new fully applianced kitchen with maple cabinets and granite counter tops, new flooring in most rooms, interior paint, vinyl siding, energy saving solar panels, family room with full bath. First floor offers a big foyer with pellet stove, one of three bedrooms, two full baths, kitchen, dining room, living room, family room and laundry/pantry. Second floor offers two big front to back bedrooms one being a master bed with jacuzzi tub and full tiled shower. The other has a half bath. All appliances stay with the property. The garage is actually a huge walk out Family room with full bath! Enlarged paved driveway, landscaped yard and PT decks for relaxing or entertaining.
Unit Size
2,656 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$181
Property Type
House
Property Taxes
$449
HOA Dues
-
Year Built
1948

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72907149)

Price History

Date / Event Date Event Price
Dec 30, 2021 Sold
Premium
Sold
Oct 12, 2021 Listed by RE/MAX Insight $479,900
Listed by RE/MAX Insight
Apr 27, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 1,104
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,110
  • Total Building Area: 2,152
  • Gross Building Area: 3,953
  • Building Area: 2,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,152
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000232
  • 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: 314102

Zoning

  • Zoning: R3

Geography

  • Account Number: 121002
  • District: 79
  • Parcel: DRAC M:58 B:107 L:2
  • Block: 107
  • Lot: 2
  • Municipality: DRACUT
  • Latitude: 42.6608
  • Longitude: -71.3413

    Address

  • Full Address: 40 Gerrish Ave
  • Address - House Number: 40
  • Address - Street Name: Gerrish
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Dracut
  • Carrier Code: C010
  • 4-Digit Zip Code: 4405
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $536,300

    Appraisal Valuation

  • Standard Deviation: 0.1853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 574,566
  • High Value: 681,042
  • Low Value: 468,091

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $513,200
  • Assessed Land Value: $183,100
  • Assessed Improvements Value: $330,100

    Sales

  • Current Sale Contract Date: Dec 30, 2021
  • Current Sale Recording Date: Dec 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 75460
  • Previous Sale Recording Date: Apr 27, 2005
  • Previous Sale Amount: $280,000
  • 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

2700 ft²

Average Home Age

62.6 years

Currently For Sale

3165 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: 5 years ago
Data Source: MLS PIN, MLS# 72907149

Frequently Asked Questions

When was property at 40 Gerrish Avenue built and last sold?
The property at 40 Gerrish Avenue was built in 1948 and last sold on Dec 30, 2021 for $450,000.
How much is this home worth?
The estimated value of the home located at 40 Gerrish Avenue is $0.
What are some comparable homes to 40 Gerrish Avenue?
There are currently no comparable homes to 40 Gerrish Avenue.
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