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Middlesex
40 Walnut Road,
$395,000
● House - Off Market

40 Walnut Road,

Chelmsford, MA 01824
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,469 Ft²
$764,035
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

Meticulously maintained and beautifully updated Colonial set on a level lot in neighborhood setting. Freshly painted throughout and refinished hardwood floors.  Open concept kitchen and dining with new porcelain tile floor.  Fireplaced living room opens to comfortable den.   Freshly finished family room in basement with new berber carpet, lighting and doors. Tastefully updated full and half baths. Spacious front to back master bedroom with large closet and storage area. Major updates include architectural shingle roof with ridge vent and ice melting roof cables, cedar shake-style vinyl siding and replacement windows.  Make this home your own, call today for appointment!
Unit Size
1,469 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$276
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1960

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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 #71634773)

Price History

Date / Event Date Event Price
Apr 25, 2014 Sold
Premium
Sold
Feb 19, 2014 Listed by Sterling Stone R. E., Inc. $405,000
Listed by Sterling Stone R. E., Inc.
Sep 30, 1997 Sold
Premium
Sold
Jul 23, 1997 Listed by Sterling Stone R. E., Inc. $189,900
Listed by Sterling Stone R. E., Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 18,534
  • Total Building Area: 1,632
  • Gross Building Area: 3,136
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000425
  • 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: 11314
  • Parcel: CHEL M:0048 B:0249 L:3
  • Block: 249
  • Lot: 3
  • Municipality: CHELMSFORD
  • Latitude: 42.6092
  • Longitude: -71.3815

    Address

  • Full Address: 40 Walnut Rd
  • Address - House Number: 40
  • Address - Street Name: Walnut
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Chelmsford
  • Carrier Code: C026
  • 4-Digit Zip Code: 1153
  • Zip Code: 01824

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $759,600

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 627,398
  • High Value: 729,410
  • Low Value: 525,386

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $528,600
  • Assessed Land Value: $328,700
  • Assessed Improvements Value: $199,900

    Sales

  • Current Sale Recording Date: Apr 25, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14324
  • Previous Sale Recording Date: Sep 30, 1997
  • Previous Sale Amount: $185,000
  • 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

2683 ft²

Average Home Age

62.9 years

Currently For Sale

3239 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# 71634773

Frequently Asked Questions

When was property at 40 Walnut Road built and last sold?
The property at 40 Walnut Road was built in 1960 and last sold on Jan 1, 1970 for $395,000.
How much is this home worth?
The estimated value of the home located at 40 Walnut Road is $412,665.
What are some comparable homes to 40 Walnut Road?
There are currently no comparable homes to 40 Walnut Road.
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