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Middlesex
403 Pelham Rd
$565,000
● House - Off Market

403 Pelham Rd

Dracut, MA 01826
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,232 Ft²
$599,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

This charming 2,200 sq ft house offers a blend of comfort and convenience.  Close to Rt. 93, the New Hampshire border and much more! Features 3 bedrooms upstairs and one bedroom in the finished walk out basement and 1.5 baths.  The basement has full windows and a gas stove, while a wood burning fireplace adds warmth to the family room.  The kitchen is a standout feature of this house with its spacious design, cherry cabinets, and stainless steel appliances.  A Buderus boiler and superstore tank ensure efficient heating and hot water, and a water softener enhances the water quality. The house has top of the line Anderson windows that offer tons of natural light.  Plenty of off street parking is available when you entertain.
Unit Size
2,232 Ft²
Days on Market
-
Land Size
0.95 acres
Price per sqft
$269
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1979

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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 #73171056)

Price History

Date / Event Date Event Price
Nov 20, 2023 Sold
Premium
Sold
Oct 30, 2023 In contract -
In contract
Oct 17, 2023 Listed by LAER Realty Partners $599,900
Listed by LAER Realty Partners

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • 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: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,291
  • Total Building Area: 1,632
  • Gross Building Area: 2,568
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • 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: 0000000948
  • 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: 314302

Zoning

  • Zoning: R1

Geography

  • Account Number: 712707
  • District: 79
  • Parcel: DRAC M:4 B:17 L:2
  • Block: 17
  • Lot: 2
  • Municipality: DRACUT
  • Latitude: 42.7125
  • Longitude: -71.2637

    Address

  • Full Address: 403 Pelham Rd
  • Address - House Number: 403
  • Address - Street Name: Pelham
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dracut
  • Carrier Code: R003
  • 4-Digit Zip Code: 1613
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $486,100

    Appraisal Valuation

  • Standard Deviation: 0.1676
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 556,865
  • High Value: 650,218
  • Low Value: 463,511

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $465,200
  • Assessed Land Value: $219,100
  • Assessed Improvements Value: $246,100

    Sales

  • Current Sale Contract Date: Nov 20, 2023
  • Current Sale Recording Date: Nov 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 34614
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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73171056

Frequently Asked Questions

When was property at 403 Pelham Road built and last sold?
The property at 403 Pelham Road was built in 1979 and last sold on Nov 20, 2023 for $565,000.
How much is this home worth?
The estimated value of the home located at 403 Pelham Road is $625,396.
What are some comparable homes to 403 Pelham Road?
There are currently no comparable homes to 403 Pelham Road.
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