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Middlesex
485 Broadway Road
$358,000
● House - Off Market

485 Broadway Road

Dracut, MA 01826
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,100 Ft²
$435,217
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Two buildings on one lot.  A 7 room, 4 bedroom, 1.5 bath home and a 30 X 40 building behind that has a myriad of possibilities from man town to workshop.  With a little updating, this home can shine.  Two 1st floor bedrooms with eat in kitchen and a living room that opens to a family room.  Also, one full bath on 1st floor.  A large foyer greets you at the front door.  There are two large bedrooms on the 2nd floor with office space in between and a half bath.  Plenty of parking and minutes to major highways and tax free New Hampshire.  Subject to tenant finding suitable housing.  Tenant is related to Seller.  Please adhere to Covid-19 guidelines.  Masks required.
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$167
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1948

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 years ago (MLSPIN #72770227)

Price History

Date / Event Date Event Price
Mar 5, 2021 Sold
Premium
Sold
Dec 31, 2020 Listed by Senoba Real Esate $350,000
Listed by Senoba Real Esate
Jun 24, 1999 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 2
  • 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: 1,200
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,255
  • Total Building Area: 2,100
  • Gross Building Area: 3,782
  • Building Area: 2,100
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,100
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000534
  • 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: I1

Geography

  • Account Number: 675700
  • District: 79
  • Parcel: DRAC M:37 L:70
  • Lot: 70
  • Municipality: DRACUT
  • Latitude: 42.6798
  • Longitude: -71.2851

    Address

  • Full Address: 485 Broadway Rd
  • Address - House Number: 485
  • Address - Street Name: Broadway
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dracut
  • Carrier Code: R004
  • 4-Digit Zip Code: 2708
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $425,100

    Appraisal Valuation

  • Standard Deviation: 0.1676
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 448,107
  • High Value: 523,228
  • Low Value: 372,986

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $406,800
  • Assessed Land Value: $170,300
  • Assessed Improvements Value: $236,500

    Sales

  • Current Sale Contract Date: Mar 05, 2021
  • Current Sale Recording Date: Mar 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13444
  • Previous Sale Recording Date: Jun 24, 1999
  • Previous Sale Amount: $100,000
  • 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72770227

Frequently Asked Questions

When was property at 485 Broadway Road built and last sold?
The property at 485 Broadway Road was built in 1948 and last sold on Mar 5, 2021 for $358,000.
How much is this home worth?
The estimated value of the home located at 485 Broadway Road is $384,191.
What are some comparable homes to 485 Broadway Road?
There are currently no comparable homes to 485 Broadway Road.
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