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Middlesex 01463
62 Mill Street
$250,000
● House - Off Market

62 Mill Street

Pepperell, MA 01463
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,258 Ft²
$318,684
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

A Diamond in the Rough.  Great opportunity to own your own home and build equity. This 2 bedroom bungalow has features from an era gone by. Expanded living room and dining room has built-ins and detailed moldings. Galley kitchen with washer and dryer. Full bath.  Walk up attic could be expanded for additional living space. The is a one care detached garage. Buyer is responsible for connecting to town sewer and any and all lender requirements.  Call today to see you you qualify for a 203K improvement loan.
Unit Size
1,258 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$242
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1920

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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 #73045761)

Price History

Date / Event Date Event Price
Feb 7, 2023 Sold
Premium
Sold
Nov 16, 2022 In contract -
In contract
Oct 7, 2022 Listed by LAER Realty Partners / Janet Cramb & Company $305,000
Listed by LAER Realty Partners / Janet Cramb & Company

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 5
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,258
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,624
  • Total Building Area: 1,258
  • Gross Building Area: 3,946
  • Building Area: 1,258
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,258
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000451
  • Standard Land Use Code: 8016
  • County Land Use Code: 106

Neighborhood

  • School District Name: North Middlesex School District
  • School Tax School District: N MIDDLESEX SD
  • Census Tract: 327101

Zoning

  • Zoning: RCR

Geography

  • Parcel: PEPP M:0015 B:0046 L:00000
  • Block: 46
  • Municipality: PEPPERELL
  • Latitude: 42.6769
  • Longitude: -71.5786

    Address

  • Full Address: 62 Mill St
  • Address - House Number: 62
  • Address - Street Name: Mill
  • Address - Suffix Type: St
  • State: MA
  • City Name: Pepperell
  • Carrier Code: R001
  • 4-Digit Zip Code: 1425
  • Zip Code: 01463

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $201,800

    Appraisal Valuation

  • Standard Deviation: 0.1883
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 387,881
  • High Value: 460,953
  • Low Value: 314,809

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $140,600
  • Assessed Land Value: $111,700
  • Assessed Improvements Value: $28,900

    Sales

  • Current Sale Contract Date: Feb 06, 2023
  • Current Sale Recording Date: Feb 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 13490
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

2699 ft²

Average Home Age

64.7 years

Currently For Sale

3156 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73045761

Frequently Asked Questions

When was property at 62 Mill Street built and last sold?
The property at 62 Mill Street was built in 1920 and last sold on Feb 6, 2023 for $260,000.
How much is this home worth?
The estimated value of the home located at 62 Mill Street is $319,049.
What are some comparable homes to 62 Mill Street?
There are currently no comparable homes to 62 Mill Street.
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