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Middlesex 01821
7 Cherry Rd
$427,500
● House - Off Market

7 Cherry Rd

Billerica, MA 01821
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,412 Ft²
$621,934
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

LIKE NEW!  Fall in love with this beautiful home in a quiet area and located at the end of a dead-end street! This 3 bedroom, 1 1/2 bath home has been completely updated and features beautiful kitchen with Cherry cabinets, Granite countertops, Stainless Steel appliances, gas cooking, and large dining area with slider that leads to the deck. Spacious living room and bedrooms with beautiful hardwood floors through-out and easy maintenance yard. Updates include 2 years old 96% energy efficient gas boiler, new roof in October 2014, attic and basement insulation in July 2015. Conveniently located with easy access to Route 3 and walking distance to Nutting Lake!
Unit Size
1,412 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$297
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
1996

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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: 5 months ago (MLSPIN #72290162)

Price History

Date / Event Date Event Price
Jun 28, 2018 Sold
Premium
Sold
Mar 7, 2018 Listed by EXIT Premier Real Estate $419,900
Listed by EXIT Premier Real Estate
Oct 10, 2014 Sold
Premium
Sold
Sep 5, 2014 Listed by EXIT Premier Real Estate $324,900
Listed by EXIT Premier Real Estate
Jun 12, 2014 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,412
  • Gross Building Area: 1,692
  • Building Area: 1,412
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,412
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Billerica School District
  • Census Tract: 316300

Zoning

  • Zoning: 1

Geography

  • District: 31
  • Parcel: BILL M:0088 B:0035 L:0
  • Block: 35
  • Municipality: BILLERICA
  • Latitude: 42.5332
  • Longitude: -71.2669

    Address

  • Full Address: 7 Cherry Rd
  • Address - House Number: 7
  • Address - Street Name: Cherry
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Billerica
  • Carrier Code: C009
  • 4-Digit Zip Code: 4061
  • Zip Code: 01821

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $603,000

    Appraisal Valuation

  • Standard Deviation: 0.185
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 598,271
  • High Value: 709,007
  • Low Value: 487,535

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $534,100
  • Assessed Land Value: $239,300
  • Assessed Improvements Value: $294,800

    Sales

  • Current Sale Recording Date: Jun 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26995
  • Previous Sale Recording Date: Oct 10, 2014
  • Previous Sale Amount: $320,000
  • 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:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2673 ft²

Average Home Age

65.4 years

Currently For Sale

3328 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# 72290162

Frequently Asked Questions

When was property at 7 Cherry Road built and last sold?
The property at 7 Cherry Road was built in 1996 and last sold on Jan 1, 1970 for $427,500.
How much is this home worth?
The estimated value of the home located at 7 Cherry Road is $431,268.
What are some comparable homes to 7 Cherry Road?
There are currently no comparable homes to 7 Cherry Road.
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