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Middlesex
40 Thomas Dr
$525,000
● House - Off Market

40 Thomas Dr

Chelmsford, MA 01824
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$497,100
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Welcome to this charming 3-bedroom, 1-bathroom ranch-style home nestled on a generous and beautifully landscaped lot in the desirable town of Chelmsford. This inviting residence offers a cozy and well-maintained interior, ideal for comfortable family living. The spacious kitchen features modern appliances and ample storage, perfect for preparing delicious meals. With its convenient location, great schools, and attractive features, this delightful ranch presents an excellent opportunity for those seeking a peaceful and convenient suburban lifestyle.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$473
Property Type
House
Property Taxes
$639
HOA Dues
-
Year Built
1970

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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: 4 months ago (MLSPIN #73130284)

Price History

Date / Event Date Event Price
Aug 16, 2023 Sold
Premium
Sold
Jul 3, 2023 In contract -
In contract
Jun 28, 2023 Listed by LAER Realty Partners $499,900
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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: 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: 30,000
  • Total Building Area: 1,056
  • Gross Building Area: 2,564
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIELDSTONE MANOR
  • Land Acres: 0000000689
  • 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: 317202

Geography

  • Account Number: 12235
  • Parcel: CHEL M:0069 B:0312 L:8
  • Block: 312
  • Lot: 8
  • Municipality: CHELMSFORD
  • Latitude: 42.5998
  • Longitude: -71.3893

    Address

  • Full Address: 40 Thomas Dr
  • Address - House Number: 40
  • Address - Street Name: Thomas
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Chelmsford
  • Carrier Code: C012
  • 4-Digit Zip Code: 2011
  • Zip Code: 01824

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $766,900

    Appraisal Valuation

  • Standard Deviation: 0.1845
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 568,877
  • High Value: 673,890
  • Low Value: 463,864

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $533,700
  • Assessed Land Value: $363,000
  • Assessed Improvements Value: $170,700

    Sales

  • Current Sale Contract Date: Aug 16, 2023
  • Current Sale Recording Date: Aug 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23993
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:

$809,999

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2698 ft²

Average Home Age

64.7 years

Currently For Sale

3150 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73130284

Frequently Asked Questions

When was property at 40 Thomas Drive built and last sold?
The property at 40 Thomas Drive was built in 1970 and last sold on Aug 16, 2023 for $525,000.
How much is this home worth?
The estimated value of the home located at 40 Thomas Drive is $506,134.
What are some comparable homes to 40 Thomas Drive?
There are currently no comparable homes to 40 Thomas Drive.
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