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Middlesex 01469
7 Chestnut Dr
$247,000
● House - Off Market

7 Chestnut Dr

Townsend, MA 01469
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,500 Ft²
$490,470
RealtyHop Estimate
96.27%
Since Jul 1, 2013
National-US
Primary Model

About This Property

Much loved, extremely well maintained Colonial located in desirable Timberlee Park neighborhood.  EIK with tasteful updates. Large living room with hardwood flooring, crown molding, built in bookcases and fireplace. Dining room with hardwood and slider access to large back deck.  3-4 bedrooms (den) all with new hardwood flooring and spacious closets.  Newer gas furnace installed in 2008 AND central air!  Large, flat backyard with extensive perennial gardens make this a perfect family home
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$167
Property Type
House
Property Taxes
$318
HOA Dues
-
Year Built
1976

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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 #71494302)

Price History

Date / Event Date Event Price
Jul 1, 2013 Sold
Premium
Sold
Mar 15, 2013 Listed by Coldwell Banker Residential Brokerage - Westford $249,900
Listed by Coldwell Banker Residential Brokerage - Westford

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,998
  • Total Building Area: 1,500
  • Gross Building Area: 3,208
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOWNSEND
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Middlesex School District
  • Census Tract: 301102

Zoning

  • Zoning: RA3

Geography

  • District: 299
  • Parcel: TOWN M:053C B:0291 L:0000
  • Block: 291
  • Municipality: TOWNSEND
  • Latitude: 42.6399
  • Longitude: -71.6827

    Address

  • Full Address: 7 Chestnut Dr
  • Address - House Number: 7
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Townsend
  • Carrier Code: R002
  • 4-Digit Zip Code: 1334
  • Zip Code: 01469

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $564,000

    Appraisal Valuation

  • Standard Deviation: 0.1936
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 467,848
  • High Value: 558,465
  • Low Value: 377,232

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $391,400
  • Assessed Land Value: $90,600
  • Assessed Improvements Value: $300,800

    Sales

  • Current Sale Recording Date: Jul 01, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000014
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:

$819,900

Sale Price/ft²

$439

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2719 ft²

Average Home Age

64.9 years

Currently For Sale

3097 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: 6 months ago
Data Source: MLS PIN, MLS# 71494302

Frequently Asked Questions

When was property at 7 Chestnut Drive built and last sold?
The property at 7 Chestnut Drive was built in 1976 and last sold on Jan 1, 1970 for $247,000.
How much is this home worth?
The estimated value of the home located at 7 Chestnut Drive is $273,735.
What are some comparable homes to 7 Chestnut Drive?
There are currently no comparable homes to 7 Chestnut Drive.
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