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Middlesex
7 Reid Rd
$393,700
● House - Off Market

7 Reid Rd

Chelmsford, MA 01824
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,299 Ft²
$746,347
RealtyHop Estimate
86.63%
Since Dec 1, 2014
National-US
Primary Model

About This Property

EXPANDED RANCH AND SO MUCH MORE! You will love the Master Bedroom Suite w/ Whirlpool Tub, Separate Shower, Walk-in Closet & room for your King-Sized Bed. Add to this, 3 more Good Sized Bedrooms, Main Bath w/ Laundry Area, and Fireplace-Warmed Family Room w/ Cathedral Ceiling & Skylight. Entertain in the Eat-In Kitchen or Large Formal Dining Room. Massive Level Play Yard w/ In-Ground Pool & Professionally Landscaped Yard will meet all your Outdoor Needs. Located on a Closed Loop Road within a stones throw of Chelmsford Swim & Tennis Club & the Bruce Freeman Rail Trail. Newer Forced Hot Air and Central Air Systems. Add more Value & Space by finishing the Lower Level.
Unit Size
2,299 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$174
Property Type
House
Property Taxes
$551
HOA Dues
-
Year Built
1965

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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 #71746991)

Price History

Date / Event Date Event Price
Nov 13, 2014 Sold
Premium
Sold
Sep 22, 2014 Listed by Ready RE, LLC $399,900
Listed by Ready RE, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 40,000
  • Total Building Area: 2,345
  • Gross Building Area: 5,088
  • Building Area: 2,345
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,345
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 9771H
  • Land Acres: 0000000918
  • 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: 317101

Geography

  • Account Number: 9581
  • Parcel: CHEL M:0100 B:0402 L:7
  • Block: 402
  • Lot: 7
  • Municipality: CHELMSFORD
  • Latitude: 42.5841
  • Longitude: -71.3775

    Address

  • Full Address: 7 Reid Rd
  • Address - House Number: 7
  • Address - Street Name: Reid
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Chelmsford
  • Carrier Code: R022
  • 4-Digit Zip Code: 3719
  • Zip Code: 01824

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $890,800

    Appraisal Valuation

  • Standard Deviation: 0.1744
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 751,556
  • High Value: 882,664
  • Low Value: 620,448

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $619,900
  • Assessed Land Value: $340,000
  • Assessed Improvements Value: $279,900

    Sales

  • Current Sale Recording Date: Nov 13, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 280009
  • Previous Sale Recording Date: Oct 11, 2012
  • 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:

$819,900

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2709 ft²

Average Home Age

65.2 years

Currently For Sale

3095 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# 71746991

Frequently Asked Questions

When was property at 7 Reid Road built and last sold?
The property at 7 Reid Road was built in 1965 and last sold on Jan 1, 1970 for $393,700.
How much is this home worth?
The estimated value of the home located at 7 Reid Road is $434,771.
What are some comparable homes to 7 Reid Road?
There are currently no comparable homes to 7 Reid Road.
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