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Middlesex
5 Drexel Dr
$344,000
● House - Off Market

5 Drexel Dr

Chelmsford, MA 01863
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,032 Ft²
$541,837
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model

About This Property

West Chelmsford,6 room 3 bedroom ranch with a 1 stall garage , screen porch in rear, fire placed living room, hardwood floors, all on 1/2 acre wooded lot.  Newer gas  FHA heating system and hot water heater.  .Lower level is wide open and would make a great entertainment room.  Property is vacant and easy to show.
Unit Size
1,032 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$339
Property Type
House
Property Taxes
$447
HOA Dues
-
Year Built
1962

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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: 5 months ago (MLSPIN #72273040)

Price History

Date / Event Date Event Price
Mar 26, 2018 Sold
Premium
Sold
Jan 22, 2018 Listed by The Guselli Agency, Inc. $349,900
Listed by The Guselli Agency, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,580
  • Total Building Area: 1,032
  • Gross Building Area: 2,514
  • Building Area: 1,032
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,032
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000518
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Chelmsford School District
  • School Tax School District: CHELMSFORD SD
  • Census Tract: 317201

Geography

  • Account Number: 11545
  • Parcel: CHEL M:0046 B:0149 L:5
  • Block: 149
  • Lot: 5
  • Municipality: CHELMSFORD
  • Latitude: 42.613
  • Longitude: -71.4009

    Address

  • Full Address: 5 Drexel Dr
  • Address - House Number: 5
  • Address - Street Name: Drexel
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: North Chelmsford
  • Carrier Code: C003
  • 4-Digit Zip Code: 2122
  • Zip Code: 01863

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $672,100

    Appraisal Valuation

  • Standard Deviation: 0.2468
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 529,392
  • High Value: 660,053
  • Low Value: 398,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $467,700
  • Assessed Land Value: $307,600
  • Assessed Improvements Value: $160,100

    Sales

  • Current Sale Recording Date: Mar 26, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11800
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:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2674 ft²

Average Home Age

65.6 years

Currently For Sale

3333 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 months ago
Data Source: MLS PIN, MLS# 72273040

Frequently Asked Questions

When was property at 5 Drexel Drive built and last sold?
The property at 5 Drexel Drive was built in 1962 and last sold on Jan 1, 1970 for $344,000.
How much is this home worth?
The estimated value of the home located at 5 Drexel Drive is $359,111.
What are some comparable homes to 5 Drexel Drive?
There are currently no comparable homes to 5 Drexel Drive.
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