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Middlesex 01821
5 Morningside Drive
$410,000
● House - Off Market

5 Morningside Drive

Billerica, MA 01821
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,906 Ft²
$591,103
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

BACK ON THE MARKET due to buyer's home inspection.   It was noted that there was water damage on the back wall of the basement and was too much for the buyer to deal with.  Home is being sold "as is" but in regard to this problem, seller's will give money back at closing to deal with the damage.  Home is in a flood zone but they have had no water in the basement for 10 years when they had a Generac genereator installed .  Beautiful private fenced-in back yard.  This house could be spectacular.
Unit Size
1,906 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$218
Property Type
House
Property Taxes
$416
HOA Dues
-
Year Built
1968

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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 #72564151)

Price History

Date / Event Date Event Price
Nov 14, 2019 Sold
Premium
Sold
Sep 12, 2019 Listed by Coldwell Banker Residential Brokerage - Chelmsford $415,000
Listed by Coldwell Banker Residential Brokerage - Chelmsford

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 9
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,161
  • Total Building Area: 3,006
  • Gross Building Area: 4,412
  • Building Area: 3,006
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,006
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000532
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Billerica School District
  • Census Tract: 316101

Zoning

  • Zoning: 2

Geography

  • District: 31
  • Parcel: BILL M:0026 B:0157 L:0
  • Block: 157
  • Municipality: BILLERICA
  • Latitude: 42.5793
  • Longitude: -71.2289

    Address

  • Full Address: 5 Morningside Dr
  • Address - House Number: 5
  • Address - Street Name: Morningside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Billerica
  • Carrier Code: R001
  • 4-Digit Zip Code: 1411
  • Zip Code: 01821

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $700,800

    Appraisal Valuation

  • Standard Deviation: 0.185
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 632,087
  • High Value: 749,082
  • Low Value: 515,092

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $620,700
  • Assessed Land Value: $299,700
  • Assessed Improvements Value: $321,000

    Sales

  • Current Sale Contract Date: Oct 18, 2019
  • Current Sale Recording Date: Nov 14, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 50486
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

Unit for rent at 30 Four Seasons Drive, Hampstead, 01841

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,820 ft²
30 Four Seasons Drive #30, Hampstead, 01841

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72564151

Frequently Asked Questions

When was property at 5 Morningside Drive built and last sold?
The property at 5 Morningside Drive was built in 1968 and last sold on Oct 18, 2019 for $410,000.
How much is this home worth?
The estimated value of the home located at 5 Morningside Drive is $442,604.
What are some comparable homes to 5 Morningside Drive?
There are currently no comparable homes to 5 Morningside Drive.
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