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Middlesex 01450
487 Boston Road
$380,000
● House - Off Market

487 Boston Road

Groton, MA 01450
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,858 Ft²
$798,200
RealtyHop Estimate
115.79%
Since Oct 1, 2012
National-US
Primary Model

About This Property

Just minutes from Rt 495, this immaculately maintained home has it all.  Nicely set back on a wooded lot with privacy for its inground pool, tiered deck and fenced yard.  Many updates include central air, sunroom, maple kitchen.  Newer roof, siding, windows and more.  Open kitchen & dining, fireplaced living room.  Additional rooms on all floors for office, crafts, other options.  Three rooms including fully equipped exercise room in basement. Ready for installation of wood stove.
Unit Size
1,858 Ft²
Days on Market
-
Land Size
0.95 acres
Price per sqft
$199
Property Type
House
Property Taxes
$458
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 #71409793)

Price History

Date / Event Date Event Price
Oct 23, 2020 Sold
Premium
Sold
Sep 4, 2020 Listed by RE/MAX Prestige $469,000
Listed by RE/MAX Prestige
Sep 28, 2012 Sold
Premium
Sold
Jul 16, 2012 Listed by RE/MAX Prestige $369,900
Listed by RE/MAX Prestige
Jan 14, 1994 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 912
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,479
  • Total Building Area: 1,762
  • Gross Building Area: 3,400
  • Building Area: 1,762
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,762
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000952
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Groton-Dunstable School District
  • School Tax School District: GROTN-DUNSTBLE
  • Census Tract: 326102

Zoning

  • Zoning: RA

Geography

  • Account Number: 4002
  • Parcel: GROT M:118 B:5 L:
  • Block: 5
  • Municipality: GROTON
  • Latitude: 42.5898
  • Longitude: -71.5368

    Address

  • Full Address: 487 Boston Rd
  • Address - House Number: 487
  • Address - Street Name: Boston
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Groton
  • Carrier Code: R001
  • 4-Digit Zip Code: 2062
  • Zip Code: 01450

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $877,200

    Appraisal Valuation

  • Standard Deviation: 0.1608
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 675,366
  • High Value: 784,028
  • Low Value: 566,704

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $560,900
  • Assessed Land Value: $194,900
  • Assessed Improvements Value: $366,000

    Sales

  • Current Sale Contract Date: Oct 16, 2020
  • Current Sale Recording Date: Oct 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 194609
  • Previous Sale Recording Date: Jan 14, 1994
  • Previous Sale Amount: $105,000
  • 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71409793

Frequently Asked Questions

When was property at 487 Boston Road built and last sold?
The property at 487 Boston Road was built in 1979 and last sold on Oct 16, 2020 for $480,000.
How much is this home worth?
The estimated value of the home located at 487 Boston Road is $513,692.
What are some comparable homes to 487 Boston Road?
There are currently no comparable homes to 487 Boston Road.
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