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Middlesex
40 Heritage Road
$465,000
● House - Off Market

40 Heritage Road

Dracut, MA 01826
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,282 Ft²
$825,353
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

Move in Ready, Young Colonial in Desirable Dracut Location! Eat in Kitchen with; Oak Cabinets, Granite counter tops, S/S appliances, breakfast bar and slider to the large back deck. Formal dining room & living room with hardwood flooring is great for entertaining. Bright & sunny family room offers; Cathedral Ceiling, Gas Fireplace, Hardwood floors and recessed lighting. Second floor Master Bedroom w/ vaulted ceiling, hardwood floors, walk in closet, and private master bathroom! Two more spacious bedrooms and another full bathroom complete the second floor. Bonus room in partially finished basement provides even more living space in this home. 2 car garage with a meticulously maintained yard and sprinkler system, abutting conservation land, complete the package! Come make it yours!
Unit Size
2,282 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$204
Property Type
House
Property Taxes
$491
HOA Dues
-
Year Built
2003

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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 #71912102)

Price History

Date / Event Date Event Price
Dec 2, 2015 Sold
Premium
Sold
Sep 30, 2015 Listed by Lamacchia Realty, Inc. $465,000
Listed by Lamacchia Realty, Inc.
Aug 5, 2003 Sold
Premium
Sold
Jan 29, 2003 Listed by Lamacchia Realty, Inc. $398,900
Listed by Lamacchia Realty, Inc.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 696
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,503
  • Total Building Area: 2,282
  • Gross Building Area: 3,700
  • Building Area: 2,282
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,282
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEFINITIVE OPEN SP RESID L DEV
  • Land Acres: 0000000471
  • 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: R1

Geography

  • District: 79
  • Parcel: DRAC M:43 B:106 L:19
  • Block: 106
  • Lot: 19
  • Municipality: DRACUT
  • Latitude: 42.6703
  • Longitude: -71.3626

    Address

  • Full Address: 40 Heritage Rd
  • Address - House Number: 40
  • Address - Street Name: Heritage
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dracut
  • Carrier Code: C025
  • 4-Digit Zip Code: 4300
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $688,400

    Appraisal Valuation

  • Standard Deviation: 0.1749
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 743,774
  • High Value: 873,933
  • Low Value: 613,615

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $658,800
  • Assessed Land Value: $226,600
  • Assessed Improvements Value: $432,200

    Sales

  • Current Sale Recording Date: Dec 02, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 55209
  • Previous Sale Recording Date: Aug 05, 2003
  • Previous Sale Amount: $425,430
  • 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

2681 ft²

Average Home Age

62.4 years

Currently For Sale

3251 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# 71912102

Frequently Asked Questions

When was property at 40 Heritage Road built and last sold?
The property at 40 Heritage Road was built in 2003 and last sold on Jan 1, 1970 for $465,000.
How much is this home worth?
The estimated value of the home located at 40 Heritage Road is $499,240.
What are some comparable homes to 40 Heritage Road?
There are currently no comparable homes to 40 Heritage Road.
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