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Middlesex
7 Colonial Terrace
$531,000
● House - Off Market

7 Colonial Terrace

Chelmsford, MA 01824
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,036 Ft²
$3,139
Est. Monthly

About This Property

Charming Westlands ranch, a great start or downsize.  Very quiet,  no through traffic location yet close to commuting routes.  Recent Furnace & A/C, Refreshed Kitchen, new kitchen counter, new sink and faucet, new appliances.  New 100 Amp electric service and also a recent roof.  Vinyl siding & newer windows make for easier maintenance too !  Just move in and decorate!   A back yard shed for all the yard tools.Unfinshed basement with a workbench.  Hurry!Showings to begin Wednesday 1/10,2024
Unit Size
1,036 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$507
Property Type
House
Property Taxes
$561
HOA Dues
-
Year Built
1958

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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 #73192138)

Price History

Date / Event Date Event Price
Feb 20, 2024 Sold
Premium
Sold
Jan 16, 2024 In contract -
In contract
Jan 9, 2024 Listed by RE/MAX Partners $524,900
Listed by RE/MAX Partners
Apr 30, 1992 Sold
Premium
Sold
Aug 18, 1988 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,505
  • Total Building Area: 1,036
  • Gross Building Area: 2,072
  • Building Area: 1,036
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,036
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000402
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Chelmsford School District
  • School Tax School District: CHELMSFORD SD
  • Census Tract: 317203

Geography

  • Account Number: 4112
  • Parcel: CHEL M:0050 B:0163 L:12
  • Block: 163
  • Lot: 12
  • Municipality: CHELMSFORD
  • Latitude: 42.6129
  • Longitude: -71.3569

    Address

  • Full Address: 7 Colonial Ter
  • Address - House Number: 7
  • Address - Street Name: Colonial
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Chelmsford
  • Carrier Code: C027
  • 4-Digit Zip Code: 1617
  • Zip Code: 01824

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $669,200

    Appraisal Valuation

  • Standard Deviation: 0.0773
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 540,763
  • High Value: 582,613
  • Low Value: 498,913

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $465,700
  • Assessed Land Value: $323,900
  • Assessed Improvements Value: $141,800

    Sales

  • Current Sale Contract Date: Feb 20, 2024
  • Current Sale Recording Date: Feb 20, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4186
  • Previous Sale Recording Date: Apr 30, 1992
  • Previous Sale Amount: $143,000
  • Previous Sale Document Type: 27
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:

$819,500

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2707 ft²

Average Home Age

65.2 years

Currently For Sale

3236 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# 73192138

Frequently Asked Questions

When was property at 7 Colonial Terrace built and last sold?
The property at 7 Colonial Terrace was built in 1958 and last sold on Feb 20, 2024 for $531,000.
How much is this home worth?
The estimated value of the home located at 7 Colonial Terrace is $528,711.
What are some comparable homes to 7 Colonial Terrace?
There are currently no comparable homes to 7 Colonial Terrace.
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