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Middlesex 01742
59 Lee Drive
$810,900
● House - Off Market

59 Lee Drive

Concord, MA 01742
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,462 Ft²
$1,516,750
RealtyHop Estimate
89.83%
Since Dec 1, 2013
MA-Boston
Primary Model

About This Property

A PROJECT WORTH UNDERTAKING This Concord home has been well-maintained but not updated.  Want "great bones"?  This is the one!  Five bedrooms, open flow,  in outstanding neighborhood with adjacent conservation land and the Assabet River at the end of the cul de sac. Terrific hardwoods throughout.  New between 2002 and 2010:  driveway, windows, roof, garage doors, furnace, siding, water heater, chimneys capped/pointed, flashing repaired.  Basement can be finished to add living space.  Get your bike, it's 2.4 miles to Concord Center. Need comps? In 2012, 3 homes on Lee Dr sold for $895, $909 and $1.55 million.  For a family willing to invest some time, imagination and resources, there's great potential ROI.
Unit Size
2,462 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$325
Property Type
House
Property Taxes
$856
HOA Dues
-
Year Built
1973

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71588104)

Price History

Date / Event Date Event Price
Nov 14, 2013 Sold
Premium
Sold
Sep 24, 2013 Listed by Coldwell Banker Residential Brokerage - Concord $799,000
Listed by Coldwell Banker Residential Brokerage - Concord

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 0
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,436
  • Total Building Area: 2,479
  • Gross Building Area: 4,660
  • Building Area: 2,479
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,479
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000928
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Concord School District
  • Census Tract: 361300

Zoning

  • Zoning: A

Geography

  • Account Number: 908
  • Parcel: CONC M:7E B:1948 L:7
  • Block: 1948
  • Lot: 7
  • Municipality: CONCORD
  • Latitude: 42.4713
  • Longitude: -71.3836

    Address

  • Full Address: 59 Lee Dr
  • Address - House Number: 59
  • Address - Street Name: Lee
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Concord
  • Carrier Code: C011
  • 4-Digit Zip Code: 1510
  • Zip Code: 01742

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,648,100

    Appraisal Valuation

  • Standard Deviation: 0.178
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 1,518,126
  • High Value: 1,788,396
  • Low Value: 1,247,857

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,255,200
  • Assessed Land Value: $580,800
  • Assessed Improvements Value: $674,400

    Sales

  • Current Sale Recording Date: Nov 14, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 239049
  • Previous Sale Recording Date: Nov 14, 2013
  • Previous Sale Amount: $810,900
  • Previous Sale Document Type: 35

    Financing

  • First Mortgage Financing Type: ADJ
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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71588104

Frequently Asked Questions

When was property at 59 Lee Drive built and last sold?
The property at 59 Lee Drive was built in 1973 and last sold on Jan 1, 1970 for $810,900.
How much is this home worth?
The estimated value of the home located at 59 Lee Drive is $809,776.
What are some comparable homes to 59 Lee Drive?
There are currently no comparable homes to 59 Lee Drive.
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