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Middlesex
47 Arthur Avenue
$400,000
● House - Off Market

47 Arthur Avenue

Dracut, MA 01826
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,005 Ft²
$386,431
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Cozy 2-bedroom home convenient to shopping.  Well maintained and cared for.  Was previously a 3-bedroom home, but one bedroom was converted to a handicapped bathroom.  This was done in a way that could possibly be converted back to a bedroom.  Corner lot with 2 off street parking spots.  Great potential for first time buyer or someone looking for 1-level living.  Great hardwood floors and fully applianced kitchen.  Sunny 3-season porch.  Home has a mini split to help with heating and cooling.  Two finished areas and a workshop in the basement.
Unit Size
1,005 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$373
Property Type
House
Property Taxes
$289
HOA Dues
-
Year Built
1956

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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 #73079786)

Price History

Date / Event Date Event Price
Mar 20, 2023 Sold
Premium
Sold
Feb 20, 2023 In contract -
In contract
Feb 16, 2023 Listed by Dick Lepine Real Estate,Inc. $375,000
Listed by Dick Lepine Real Estate,Inc.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,046
  • Garage Type: 0
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,045
  • Total Building Area: 1,005
  • Gross Building Area: 2,280
  • Building Area: 1,005
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,005
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000116
  • 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: 314301

Zoning

  • Zoning: R3

Geography

  • Account Number: 457605
  • District: 79
  • Parcel: DRAC M:52 L:48
  • Lot: 48
  • Municipality: DRACUT
  • Latitude: 42.6668
  • Longitude: -71.3011

    Address

  • Full Address: 47 Arthur Ave
  • Address - House Number: 47
  • Address - Street Name: Arthur
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Dracut
  • Carrier Code: C026
  • 4-Digit Zip Code: 5008
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $361,500

    Appraisal Valuation

  • Standard Deviation: 0.1891
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 385,064
  • High Value: 457,897
  • Low Value: 312,231

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $345,900
  • Assessed Land Value: $154,500
  • Assessed Improvements Value: $191,400

    Sales

  • Current Sale Contract Date: Mar 20, 2023
  • Current Sale Recording Date: Mar 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 7577
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:

$815,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2675 ft²

Average Home Age

62.7 years

Currently For Sale

3269 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# 73079786

Frequently Asked Questions

When was property at 47 Arthur Avenue built and last sold?
The property at 47 Arthur Avenue was built in 1956 and last sold on Mar 20, 2023 for $400,000.
How much is this home worth?
The estimated value of the home located at 47 Arthur Avenue is $386,024.
What are some comparable homes to 47 Arthur Avenue?
There are currently no comparable homes to 47 Arthur Avenue.
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