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Middlesex
7 Laurel Rd Lot 16
$628,319
● House - Off Market

7 Laurel Rd Lot 16

Dracut, MA 01826
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,665 Ft²
$741,804
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

The "Englewood Design" is a 2665 Sq ft colonial with an absolutely amazing open concept floor plan.  Imagine yourself enjoying a cold beverage of your choice on your very own farmers porch. Step inside the front door and right into this breath taking two story foyer.  Large dining room that will be able to fit most family gatherings, and open to the kitchen and family room.  This design is made to entertain and not leave anyone out of the festivities.  The kitchen features hardwood floors, granite countertops, and cabinets with soft close doors and drawers.  Sliders lead to a 12'x12' composite deck.  This is a great lot overlooking 66 acres of open space.  Upstairs features 2 full baths, 4 large bedrooms, and a laundry room.  Master bedroom and master bath await your finishing touches.
Unit Size
2,665 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$229
Property Type
House
Property Taxes
$54
HOA Dues
-
Year Built
2021

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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 years ago (MLSPIN #72647953)

Price History

Date / Event Date Event Price
Apr 23, 2021 Sold
Premium
Sold
Apr 26, 2020 Listed by Leading Edge Real Estate $610,000
Listed by Leading Edge Real Estate

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 26,155
  • Total Building Area: 2,812
  • Gross Building Area: 4,812
  • Building Area: 2,812
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,812
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000600
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Dracut School District
  • School Tax School District: DRACUT SD
  • Census Tract: 314302

Zoning

  • Zoning: R1

Geography

  • Account Number: 384416
  • District: 79
  • Parcel: DRAC M:38 B:44 L:16
  • Block: 44
  • Lot: 16
  • Municipality: DRACUT
  • Latitude: 42.6837
  • Longitude: -71.2591

    Address

  • Full Address: 7 Laurel Rd
  • Address - House Number: 7
  • Address - Street Name: Laurel
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dracut
  • Carrier Code: R002
  • 4-Digit Zip Code: 3942
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $819,300

    Appraisal Valuation

  • Standard Deviation: 0.1266
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 85
  • Final Value: 909,780
  • High Value: 1,024,971
  • Low Value: 794,588

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $784,000
  • Assessed Land Value: $203,800
  • Assessed Improvements Value: $580,200

    Sales

  • Current Sale Contract Date: Apr 23, 2021
  • Current Sale Recording Date: Apr 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24296
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:

$809,999

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2698 ft²

Average Home Age

64.7 years

Currently For Sale

3150 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 years ago
Data Source: MLS PIN, MLS# 72647953

Frequently Asked Questions

When was property at 7 Laurel Road built and last sold?
The property at 7 Laurel Road was built in 2021 and last sold on Apr 23, 2021 for $628,319.
How much is this home worth?
The estimated value of the home located at 7 Laurel Road is $647,279.
What are some comparable homes to 7 Laurel Road?
There are currently no comparable homes to 7 Laurel Road.
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