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Middlesex
59 Colonial Drive
$325,000
● House - Off Market

59 Colonial Drive

Dracut, MA 01826
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,800 Ft²
$773,375
RealtyHop Estimate
131.55%
Since Jan 1, 2012
National-US
Primary Model

About This Property

WOW > NEW PRICE. Move right into this Parker Village Colonial!  Private acre+ lot awaits the lucky new owner of this home with a fabulous 14x14 sunroom with Mahogony floor leading out to the 16x24 deck. Front to back HW living rm with fireplace-  Unique first floor layout-open concept kitchen and din rm with tiled flooring-fully applianced kitchen>Updated roof and heating system with central a/c< Commuter friendly to Rt 93 & NH Line-Campbell School district-Pride of ownership through out.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
1.04 acres
Price per sqft
$186
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1983

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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 #71273777)

Price History

Date / Event Date Event Price
Dec 2, 2011 Sold
Premium
Sold
Aug 11, 2011 Listed by Keller Williams Realty $334,000
Listed by Keller Williams Realty
Aug 26, 1999 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • 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: 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: 7
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,302
  • Total Building Area: 1,920
  • Gross Building Area: 3,462
  • Building Area: 1,920
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,920
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001040
  • 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: R1

Geography

  • Account Number: 447809
  • District: 79
  • Parcel: DRAC M:38 L:98
  • Lot: 98
  • Municipality: DRACUT
  • Latitude: 42.6771
  • Longitude: -71.2771

    Address

  • Full Address: 59 Colonial Dr
  • Address - House Number: 59
  • Address - Street Name: Colonial
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Dracut
  • Carrier Code: R004
  • 4-Digit Zip Code: 4151
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $588,000

    Appraisal Valuation

  • Standard Deviation: 0.1853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 646,709
  • High Value: 766,554
  • Low Value: 526,864

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $562,700
  • Assessed Land Value: $243,700
  • Assessed Improvements Value: $319,000

    Sales

  • Current Sale Recording Date: Dec 02, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 26, 1999
  • Previous Sale Amount: $164,000
  • 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

2700 ft²

Average Home Age

62.6 years

Currently For Sale

3165 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# 71273777

Frequently Asked Questions

When was property at 59 Colonial Drive built and last sold?
The property at 59 Colonial Drive was built in 1983 and last sold on Jan 1, 1970 for $325,000.
How much is this home worth?
The estimated value of the home located at 59 Colonial Drive is $360,658.
What are some comparable homes to 59 Colonial Drive?
There are currently no comparable homes to 59 Colonial Drive.
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