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Middlesex
48 Elm Street
$200,000
● House - Off Market

48 Elm Street

Dracut, MA 01826
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,284 Ft²
$397,001
RealtyHop Estimate
98.60%
Since Jun 1, 2013
National-US
Primary Model

About This Property

CORNER LEVEL LOT. WELL MAINTAINED 3 BEDROOM HOME WITH LARGE EAT IN KITCHEN. ENCLOSED PORCH. CARPET IN LIVING ROOM AND BEDROOMS BUT SELLER BELIEVES THERE IS HARDWOOD UNDER. WALK UP ATTIC COULD BE USED TO EXPAND.
Unit Size
1,284 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$156
Property Type
House
Property Taxes
$236
HOA Dues
-
Year Built
2016

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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 #71500831)

Price History

Date / Event Date Event Price
Jan 15, 2021 Sold
Premium
Sold
Nov 3, 2020 Listed by Dick Lepine Real Estate,Inc. $539,900
Listed by Dick Lepine Real Estate,Inc.
May 30, 2013 Sold
Premium
Sold
Apr 1, 2013 Listed by Dick Lepine Real Estate,Inc. $199,900
Listed by Dick Lepine Real Estate,Inc.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,848
  • Garage Type: 0
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,800
  • Total Building Area: 3,288
  • Gross Building Area: 5,184
  • Building Area: 3,288
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,288
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000248
  • 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: 314102

Zoning

  • Zoning: R3

Geography

  • Account Number: 332816
  • District: 79
  • Parcel: DRAC M:33 L:178
  • Lot: 178
  • Municipality: DRACUT
  • Latitude: 42.6793
  • Longitude: -71.3463

    Address

  • Full Address: 48 Elm St
  • Address - House Number: 48
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Dracut
  • Carrier Code: C015
  • 4-Digit Zip Code: 3306
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $785,200

    Appraisal Valuation

  • Standard Deviation: 0.1611
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 768,856
  • High Value: 892,728
  • Low Value: 644,984

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $751,400
  • Assessed Land Value: $184,100
  • Assessed Improvements Value: $567,300

    Sales

  • Current Sale Contract Date: Jan 08, 2021
  • Current Sale Recording Date: Jan 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2689
  • Previous Sale Recording Date: May 30, 2013
  • Previous Sale Amount: $200,000
  • 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:

$815,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2682 ft²

Average Home Age

62.4 years

Currently For Sale

3273 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# 71500831

Frequently Asked Questions

When was property at 48 Elm Street built and last sold?
The property at 48 Elm Street was built in 2016 and last sold on Jan 8, 2021 for $540,000.
How much is this home worth?
The estimated value of the home located at 48 Elm Street is $545,678.
What are some comparable homes to 48 Elm Street?
There are currently no comparable homes to 48 Elm Street.
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