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Middlesex
56 Freeman Avenue
$450,000
● House - Off Market

56 Freeman Avenue

Dracut, MA 01826
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,000 Ft²
$464,999
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Beautifully renovated Colonial on a small dead-end street. This home has gleaming HW on the 1st and 2nd floors. New Pro vinyl replacement windows and vinyl siding. Fully appliance kitchen with oak cabinets. Huge attached FM. rm. / cathedral ceiling/wood stove. Two or three bedrooms/ 1.5 baths. Large laundry rm. 1st floor. Enjoy the summer in the 18ftx36ft. inground pool/ Cabana. New storage shed, off-street parking. Town water and sewerage.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$215
Property Type
House
Property Taxes
$332
HOA Dues
-
Year Built
1900

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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: 6 months ago (MLSPIN #72923015)

Price History

Date / Event Date Event Price
Jan 27, 2022 Sold
Premium
Sold
Nov 26, 2021 Listed by LAER Realty Partners $429,900
Listed by LAER Realty Partners

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1,216
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 12,305
  • Total Building Area: 1,656
  • Gross Building Area: 3,136
  • Building Area: 1,656
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,656
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000282
  • 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: 314200

Zoning

  • Zoning: R3

Geography

  • Account Number: 486720
  • District: 79
  • Parcel: DRAC M:48 L:121
  • Lot: 121
  • Municipality: DRACUT
  • Latitude: 42.6704
  • Longitude: -71.3251

    Address

  • Full Address: 56 Freeman Ave
  • Address - House Number: 56
  • Address - Street Name: Freeman
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Dracut
  • Carrier Code: C008
  • 4-Digit Zip Code: 3508
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $426,400

    Appraisal Valuation

  • Standard Deviation: 0.1853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 482,317
  • High Value: 571,698
  • Low Value: 392,937

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $408,000
  • Assessed Land Value: $167,500
  • Assessed Improvements Value: $240,500

    Sales

  • Current Sale Contract Date: Jan 27, 2022
  • Current Sale Recording Date: Jan 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4282
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:

$824,000

Sale Price/ft²

$439

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2697 ft²

Average Home Age

65.4 years

Currently For Sale

3026 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: 6 months ago
Data Source: MLS PIN, MLS# 72923015

Frequently Asked Questions

When was property at 56 Freeman Avenue built and last sold?
The property at 56 Freeman Avenue was built in 1900 and last sold on Jan 27, 2022 for $450,000.
How much is this home worth?
The estimated value of the home located at 56 Freeman Avenue is $460,400.
What are some comparable homes to 56 Freeman Avenue?
There are currently no comparable homes to 56 Freeman Avenue.
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