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Middlesex
7 Memorial Dr
$580,000
● House - Off Market

7 Memorial Dr

Tewksbury, MA 01876
bedrooms
3 Beds
bathrooms
1 Bath
square feet
2,200 Ft²
$507,944
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Welcome to 7 Memorial Dr. conveniently located to highway access, shopping, and restaurants! This lovingly cared for home has had the same owner for over 50 years. On the main floor you will find a sun filled living room that opens to the eat-in kitchen, bathroom with newly tiled shower, and three bedrooms. Not to be missed is the charming sunroom overlooking the backyard. The lower level has an expansive finished room with a bar area in the back corner, large utility room with laundry, and a storage closet. Enjoy the lovely backyard that feels so private. This home is ready for you to make it your own! First showings begin at open house Thursday 5/19 4:30-6:30pm.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$227
Property Type
House
Property Taxes
$489
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: 5 months ago (MLSPIN #72983806)

Price History

Date / Event Date Event Price
Jun 29, 2022 Sold
Premium
Sold
May 18, 2022 Listed by Royal Realty, Inc. $499,900
Listed by Royal Realty, Inc.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • 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: 10,000
  • Total Building Area: 952
  • Gross Building Area: 2,316
  • Building Area: 952
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 952
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Tewksbury School District
  • School Tax School District: TEWKSBURY SD
  • Census Tract: 315401

Zoning

  • Zoning: RG

Geography

  • Parcel: TEWK M:0099 L:0030 U:0000
  • Lot: 30
  • Municipality: TEWKSBURY
  • Latitude: 42.5993
  • Longitude: -71.1963

    Address

  • Full Address: 7 Memorial Dr
  • Address - House Number: 7
  • Address - Street Name: Memorial
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Tewksbury
  • Carrier Code: C012
  • 4-Digit Zip Code: 2135
  • Zip Code: 01876

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $633,300

    Appraisal Valuation

  • Standard Deviation: 0.1792
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 559,315
  • High Value: 659,561
  • Low Value: 459,069

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $473,000
  • Assessed Land Value: $256,700
  • Assessed Improvements Value: $216,300

    Sales

  • Current Sale Contract Date: Jun 29, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27896
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:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2676 ft²

Average Home Age

65.4 years

Currently For Sale

3300 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 30 Four Seasons Drive, Hampstead, 01841

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,820 ft²
30 Four Seasons Drive #30, Hampstead, 01841

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72983806

Frequently Asked Questions

When was property at 7 Memorial Drive built and last sold?
The property at 7 Memorial Drive was built in 1954 and last sold on Jun 29, 2022 for $580,000.
How much is this home worth?
The estimated value of the home located at 7 Memorial Drive is $536,250.
What are some comparable homes to 7 Memorial Drive?
There are currently no comparable homes to 7 Memorial Drive.
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