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Middlesex 01821
7 Colonial Drive
Photo of 7 Colonial Drive
Sold on Aug 7, 2006

1

Map

$510,000
● House - Off Market

7 Colonial Drive

Billerica, MA 01821
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,538 Ft²
$998,358
RealtyHop Estimate
81.55%
Since Sep 1, 2006
MA-Boston
Primary Model

About This Property

Priced to sell!  Don't miss this opportunity!  This 4 bedroom colonial sits on a 40,000 sf lot in a wonderful sub-division. Great curb appeal! Immaculate condition.  Hardwood in the LR, OFC, 4 Bedrooms & 2nd flr hall. HW stairs. CT foyer, kit, baths & FR. Woodburning fireplace in the front to back vaulted FR w/Skylights. Master bedroom w/walk-in closet & full bath. Attached 2 Car garage w/high ceiling. Huge bsmnt. CAIR on 2nd flr. 3 zone HWBB Heat! Town sewer. 2x6 Construction. Anderson Windows
Unit Size
2,538 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$217
Property Type
House
Property Taxes
$462
HOA Dues
-
Year Built
1987

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #70330269)

Price History

Date / Event Date Event Price
Aug 7, 2006 Sold
Premium
Sold
Feb 11, 2006 Listed $549,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 7
  • Basement Area: 1,104
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,001
  • Total Building Area: 2,538
  • Gross Building Area: 5,172
  • Building Area: 2,538
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,538
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERVIEW ESTATES
  • Land Acres: 0000000918
  • 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:0050 B:0054 L:6-3
  • Block: 54
  • Lot: 6-3
  • Municipality: BILLERICA
  • Latitude: 42.5598
  • Longitude: -71.2771

    Address

  • Full Address: 7 Colonial Dr
  • Address - House Number: 7
  • Address - Street Name: Colonial
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Billerica
  • Carrier Code: C003
  • 4-Digit Zip Code: 1755
  • Zip Code: 01821

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $909,100

    Appraisal Valuation

  • Standard Deviation: 0.1549
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 908,708
  • High Value: 1,049,549
  • Low Value: 767,867

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $805,200
  • Assessed Land Value: $335,600
  • Assessed Improvements Value: $469,600

    Sales

  • Current Sale Recording Date: Aug 07, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00044002
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

2682 ft²

Average Home Age

62.4 years

Currently For Sale

3273 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70330269

Frequently Asked Questions

When was property at 7 Colonial Drive built and last sold?
The property at 7 Colonial Drive was built in 1987 and last sold on Jan 1, 1970 for $510,000.
How much is this home worth?
The estimated value of the home located at 7 Colonial Drive is $581,356.
What are some comparable homes to 7 Colonial Drive?
There are currently no comparable homes to 7 Colonial Drive.
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