$329,000
●
Condo -
In Contract
63 Drake Rd #63
Fitchburg, MA 01420
2 Beds
2 Baths,
1
Half Bath
1,358 Ft²
$2,212
Est. Monthly
$332
HOA / Fees
5.12%
Cap Rate
About This Property
The PERFECT Move-In-Ready Townhome Condominium!
WELL-MAINTAINED and the Ideal for DOWNSIZE, INVESTMENT, and
FIRST-TIME BUYERS! Located in the Coggshall Crossing
Community, This Terrific Home is READY for You. The Galley
Kitchen, Opens to a Formal Dining Room and Living Room.
First-Floor Laundry. Washer & Dryer INCLUDED.
Large Bedrooms. Balcony off of Primary Bedroom, and Private
Deck off of Living Room, Overlooking a Nicely Landscaped Back Yard!
Walk-Up Attic, which could be used as ADDITIONAL LIVING
SPACE, or for Great Storage! Nicely Maintained Community,
Minutes from Major Comminuting Routes and Public Transportation.
Local to EVERY AMENITY One Could Need or Want. Very
ECONOMICAL Utilities. Plenty of Overflow Parking.
Unit Size
1,358 Ft²
Days on Market
-
Land Size
-
Price per sqft
$242
Property Type
Condo
Property Taxes
$264
HOA Dues
$332
Year Built
1987
Listed By
Jeff Gordon
EXIT Assurance Realty
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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: 2 days ago (MLSPIN #73335394)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 12, 2025 | In contract | - | |
| In contract | |||
| Feb 14, 2025 | Listed by EXIT Assurance Realty | $329,000 | |
| Listed by EXIT Assurance Realty | |||
| Apr 29, 2015 | Sold | ||
| Sold | |||
| Mar 3, 2015 | Listed by Keller Williams Realty North Central | $115,000 | |
| Listed by Keller Williams Realty North Central | |||
   | |||
|
Coggshall Crossing Condominium Complex! Close to rte. 2! This home
shows true pride of ownership. Galley kitchen, formal dining area
opens into living room. Half bath on first floor with laundry.
Large bedrooms. Balcony off of master bedroom and deck off of
living room which overlooks nicely landscapped private back yard!
Private Patio and Deck on main level! Walk up staircase to attic
could be used as additional living space or for great storage.
| |||
| Jun 9, 1997 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Interior Details
Features: Closet, Flooring - Laminate, Exterior Access, Open Floorplan
Width: 10
Length: 13
Level: First
Area: 130
Width: 8
Level: First
Length: 9
Features: Flooring - Laminate, Cable Hookup, Exterior Access, Open Floorplan, Stainless Steel Appliances
Area: 72
Width: 12
Area: 156
Level: Second
Features: Closet, Flooring - Wall to Wall Carpet, Cable Hookup
Length: 13
Level: First
Length: 16
Area: 224
Features: Flooring - Wall to Wall Carpet, Cable Hookup, Deck - Exterior, Exterior Access, Slider
Width: 14
Level: Second
Length: 16
Width: 12
Features: Closet, Flooring - Wall to Wall Carpet, Attic Access, Cable Hookup, Deck - Exterior, Exterior Access, Slider
Area: 192
Level: Second
Features: Bathroom - Full, Bathroom - With Shower Stall, Closet - Linen, Flooring - Laminate
Features: Bathroom - Half, Flooring - Laminate, Dryer Hookup - Electric, Washer Hookup
Level: First
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Cable Hookup, Walk-up Attic
Appliances: Dishwasher, Refrigerator, Washer, Dryer, Range Hood
Flooring Type: Carpet, Laminate, Flooring - Wall to Wall Carpet
Laundry Features: Bathroom - Half, Flooring - Laminate, First Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Rooms: 6
Basement: N
Parking Details
Parking Features: Off Street, Assigned, Guest, Driveway, Paved, Exclusive Parking
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual, Renovated Since
PropertySubType: Condominium
Building Name: Coggshall Crossing
Structure Type: Townhouse
Other Structures: Workshop
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Deck, Patio
Lead Paint: None
Lot Size Units: Acres
Zoning: RES
Parcel Number: M:0118 B:0036 L:63D, 1508742
Water Source: Public
Financial Details
Tax Assessed Value: $234,500
Tax Annual Amount: $3,168
Utilities Details
Utilities: for Electric Oven, for Electric Dryer, Washer Hookup
Cooling Type: Wall Unit(s)
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Snow Removal, Trash
Association Fee Frequency: Monthly
HOA Fee: $332
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
Complex is Completed
Management: Professional - Off Site
63 Drake Rd #63, Fitchburg, MA, 01420
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Condo
2
Beds
2
Baths
1,093 ft²
$283/ft²
$309,000
Sep 26, 2024
$309,000
Dec 16, 2024
$590/mo
Sold
Condo
2
Beds
2
Baths
1,200 ft²
$233/ft²
$280,000
Nov 18, 2022
$280,000
Dec 28, 2022
$509/mo
Sold
House
3
Beds
1
Bath
1,529 ft²
$203/ft²
$310,000
Oct 8, 2020
$310,000
Nov 6, 2020
$309/mo
Sold
House
3
Beds
3
Baths
1,678 ft²
$158/ft²
$264,900
Jul 24, 2007
$264,900
Oct 19, 2007
-
Sold
House
3
Beds
2
Baths
2,230 ft²
$136/ft²
$303,000
Feb 13, 2020
$303,000
Apr 6, 2020
$438/mo
Sold
House
3
Beds
2
Baths
1,575 ft²
$206/ft²
$325,000
Sep 3, 2020
$325,000
Nov 5, 2020
$348/mo
In Contract
Condo
2
Beds
2
Baths
1,093 ft²
$274/ft²
$299,000
Jan 3, 2025
-
$592/mo
In Contract
Condo
1
Bed
2
Baths
1,287 ft²
$232/ft²
$299,000
May 9, 2024
-
$258/mo
In Contract
House
2
Beds
2
Baths
1,018 ft²
$323/ft²
$329,000
Jan 23, 2025
-
$318/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
03/03/2015
|
2 Bed
|
2 Bath
|
1093 ft²
|
$115,000
2 Bed
2 Bath
1093 ft²
|
$114,000
-0.87%
04/29/2015
|
-
|
Aubrey Zentgraf
Keller Williams Realty North Central
| |
|
02/20/1997
|
2 Bed
|
1 Bath
|
1050 ft²
|
$62,900
2 Bed
1 Bath
1050 ft²
|
$60,000
-4.61%
06/09/1997
|
-
|
Theresa Girard
Foster-Healey Real Estate
|
Building Info
