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Stoneham 02180
7 Drummond Rd
$955,000
● House - Off Market

7 Drummond Rd

Stoneham, MA 02180
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,356 Ft²
$1,352,985
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

If you have been waiting for a place with the perfect space for the inlaws, here is your opportunity. A home with this much to offer rarely comes on the market. The main house is a meticulously maintained, 3 bedroom, center entrance colonial with family room addition and recently renovated bonus room on the third floor. In 2003 a gorgeous open concept in law apartment was added  with 2 bedrooms, 2 baths, first floor laundry, full kitchen, living room and  dining area with sliders out to a deck overlooking the beautifully manicured lawn. Close in time to spend the holidays together in your new home with your extended family.
Unit Size
3,356 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$283
Property Type
House
Property Taxes
$746
HOA Dues
-
Year Built
1954

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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: 4 months ago (MLSPIN #72564422)

Price History

Date / Event Date Event Price
May 31, 2022 Sold
Premium
Sold
Nov 7, 2019 Sold
Premium
Sold
Sep 13, 2019 Listed by Century 21 CELLI $949,900
Listed by Century 21 CELLI

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 1,608
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,698
  • Total Building Area: 3,728
  • Gross Building Area: 6,124
  • Building Area: 3,728
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,728
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000246
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Stoneham School District
  • School Tax School District: STONEHAM SD
  • Census Tract: 337202

Zoning

  • Zoning: RA

Geography

  • Account Number: 4581
  • District: 284
  • Parcel: STON M:20 B:000 L:40
  • Lot: 40
  • Municipality: STONEHAM
  • Latitude: 42.5004
  • Longitude: -71.1096

    Address

  • Full Address: 7 Drummond Rd
  • Address - House Number: 7
  • Address - Street Name: Drummond
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Stoneham
  • Carrier Code: C016
  • 4-Digit Zip Code: 2120
  • Zip Code: 02180

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,107,900

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,193,539
  • High Value: 1,405,069
  • Low Value: 982,009

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,046,200
  • Assessed Land Value: $400,200
  • Assessed Improvements Value: $646,000

    Sales

  • Current Sale Contract Date: May 31, 2022
  • Current Sale Recording Date: May 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 81424
  • Previous Sale Recording Date: Nov 07, 2019
  • Previous Sale Contract Date: Oct 30, 2019
  • Previous Sale Amount: $955,000
  • 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 Stoneham

Stats & Trends

Median Asking:

$749,000

Sale Price/ft²

$434

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2099 ft²

Average Home Age

73.4 years

Currently For Sale

27 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

Unit for rent at 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate
Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,740 /mo

  • Studio
  • 1 Bath
  • 725 ft²
200 Quannapowitt Parkway #S4, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72564422

Frequently Asked Questions

When was property at 7 Drummond Road built and last sold?
The property at 7 Drummond Road was built in 1954 and last sold on May 31, 2022 for $115,000.
How much is this home worth?
The estimated value of the home located at 7 Drummond Road is $961,762.
What are some comparable homes to 7 Drummond Road?
There are currently no comparable homes to 7 Drummond Road.
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