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Middlesex 01821
63 Salem Rd
Photo of 63 Salem Rd
Sold on Apr 1, 2025

41

Map

Photo of 63 Salem Rd
Photo of 63 Salem Rd
$820,000
● House - Off Market

63 Salem Rd

Billerica, MA 01821
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,799 Ft²
$4,782
Est. Monthly
4.75%
Cap Rate

About This Property

Discover this stunning young Colonial home, built in 2016, offering 4 bedrooms and 2.5 bathrooms in pristine, move-in condition. This exceptional property features central air, a two-car garage, and a tree-lined backyard that provides privacy and tranquility. The sun-filled family room boasts sliders leading to a spacious deck, while the expansive eat-in kitchen is perfect for hosting gatherings. Adding to its appeal, the finished third floor offers a versatile flex space ideal for a playroom, media room, or home office. Additionally, the unfinished basement presents a fantastic opportunity to create even more living space. Conveniently located near public transportation, this home is a commuter's dream with easy access to Boston. Don't miss this incredible opportunity!
Unit Size
2,799 Ft²
Days on Market
-
Land Size
1.40 acres
Price per sqft
$293
Property Type
House
Property Taxes
$755
HOA Dues
-
Year Built
2015

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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 #73341248)

Price History

Date / Event Date Event Price
Apr 1, 2025 Sold
Premium
Sold
Mar 12, 2025 In contract -
In contract
Mar 5, 2025 Listed $820,000
Listed
Nov 13, 2020 Sold
Premium
Sold
Sep 1, 2020 Listed $640,500
Listed
Show More

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 2
  • Basement Area: 1,008
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 60,984
  • Total Building Area: 2,318
  • Gross Building Area: 4,246
  • Building Area: 2,318
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,318
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001400
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Billerica School District
  • Census Tract: 316102

Zoning

  • Zoning: 2

Geography

  • District: 31
  • Parcel: BILL M:0032 B:0022 L:0
  • Block: 22
  • Municipality: BILLERICA
  • Latitude: 42.5724
  • Longitude: -71.2681

    Address

  • Full Address: 63 Salem Rd
  • Address - House Number: 63
  • Address - Street Name: Salem
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Billerica
  • Carrier Code: C022
  • 4-Digit Zip Code: 1128
  • Zip Code: 01821

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $905,700

    Appraisal Valuation

  • Standard Deviation: 0.1549
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 871,555
  • High Value: 1,006,638
  • Low Value: 736,473

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $802,200
  • Assessed Land Value: $326,500
  • Assessed Improvements Value: $475,700

    Sales

  • Current Sale Contract Date: Oct 16, 2020
  • Current Sale Recording Date: Nov 13, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 58359
  • Previous Sale Recording Date: Apr 08, 2016
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: O
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:

$822,000

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

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73341248

Frequently Asked Questions

When was property at 63 Salem Road built and last sold?
The property at 63 Salem Road was built in 2015 and last sold on Oct 16, 2020 for $642,000.
How much is this home worth?
The estimated value of the home located at 63 Salem Road is $842,836.
What are some comparable homes to 63 Salem Road?
There are currently no comparable homes to 63 Salem Road.
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