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Middlesex
41 Michael Rd
$260,000
● House - Off Market

41 Michael Rd

Dracut, MA 01826
bedrooms
2 Beds
bathrooms
1 Bath
square feet
982 Ft²
$439,977
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Price reduction :    Awesome Location ! This well maintained home has been updated over the years. Bathroom remodeled within the past 5 years. A large deck overlooks the beautiful yard which is great for outdoor activities and entertaining. Kitchen appliances stay . Gas stove, dishwasher and refrigerator are stainless steel.  The washer and dryer remain in the house.  Lower level has a family room with bar. Don't wait to make this house your cozy home.
Unit Size
982 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$295
Property Type
House
Property Taxes
$270
HOA Dues
-
Year Built
1964

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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 #72381110)

Price History

Date / Event Date Event Price
Nov 27, 2018 Sold
Premium
Sold
Aug 18, 2018 Listed by Grantor's Domain Real Estate $289,900
Listed by Grantor's Domain Real Estate
Aug 16, 2013 Sold
Premium
Sold
Mar 18, 2013 Listed by Grantor's Domain Real Estate $225,000
Listed by Grantor's Domain Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 968
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,890
  • Total Building Area: 982
  • Gross Building Area: 2,374
  • Building Area: 982
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 982
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000365
  • 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

  • Account Number: 233203
  • District: 79
  • Parcel: DRAC M:44 L:32
  • Lot: 32
  • Municipality: DRACUT
  • Latitude: 42.6745
  • Longitude: -71.3561

    Address

  • Full Address: 41 Michael Rd
  • Address - House Number: 41
  • Address - Street Name: Michael
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dracut
  • Carrier Code: C025
  • 4-Digit Zip Code: 3106
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $395,400

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 438,940
  • High Value: 511,156
  • Low Value: 366,725

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $378,400
  • Assessed Land Value: $190,900
  • Assessed Improvements Value: $187,500

    Sales

  • Current Sale Recording Date: Nov 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 51569
  • Previous Sale Recording Date: Aug 16, 2013
  • Previous Sale Amount: $213,000
  • Previous Sale Document Type: O
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# 72381110

Frequently Asked Questions

When was property at 41 Michael Road built and last sold?
The property at 41 Michael Road was built in 1964 and last sold on Jan 1, 1970 for $260,000.
How much is this home worth?
The estimated value of the home located at 41 Michael Road is $294,971.
What are some comparable homes to 41 Michael Road?
There are currently no comparable homes to 41 Michael Road.
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