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Methuen Town 01844
751 Wheeler Rd
$365,000
● House - Off Market

751 Wheeler Rd

Dracut, MA 01826
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,026 Ft²
$526,636
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Great opportunity to be only the SECOND owner of this lovely ranch with walkout basement located in a great commuting location to routes 93, 213, and 495.  Located on a corner lot, this property has hardwood floors throughout most of the main floor with an updated eat in kitchen, master with 3/4 bath, and lovely sunroom.  The lower level offers 2 large rooms with brand new carpeting and a huge picture window allowing plenty of natural light in.  Other notable updates are windows, siding, and furnace.  Pride of ownership shows throughout the property, including the manicured lawn.  Driveway is double-wide which makes it easy to turn around when backing out of the garage or for parking lots of cars when hosting parties or holiday events.  Easy to show and ready to close before the holidays!
Unit Size
2,026 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$171
Property Type
House
Property Taxes
$347
HOA Dues
-
Year Built
1964

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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: 4 months ago (MLSPIN #72409091)

Price History

Date / Event Date Event Price
Nov 19, 2018 Sold
Premium
Sold
Oct 11, 2018 Listed by Keller Williams Realty $347,000
Listed by Keller Williams Realty

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 9
  • Basement Area: 990
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,050
  • Total Building Area: 1,326
  • Gross Building Area: 2,830
  • Building Area: 1,326
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,326
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000346
  • 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: 267102
  • District: 79
  • Parcel: DRAC M:22 L:80
  • Lot: 80
  • Municipality: DRACUT
  • Latitude: 42.6934
  • Longitude: -71.2448

    Address

  • Full Address: 751 Wheeler Rd
  • Address - House Number: 751
  • Address - Street Name: Wheeler
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dracut
  • Carrier Code: R002
  • 4-Digit Zip Code: 4259
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $510,400

    Appraisal Valuation

  • Standard Deviation: 0.1676
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 560,915
  • High Value: 654,947
  • Low Value: 466,883

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $488,400
  • Assessed Land Value: $189,800
  • Assessed Improvements Value: $298,600

    Sales

  • Current Sale Recording Date: Nov 19, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 50482
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 Methuen Town

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$325

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2195 ft²

Average Home Age

55.4 years

Currently For Sale

69 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: 4 months ago
Data Source: MLS PIN, MLS# 72409091

Frequently Asked Questions

When was property at 751 Wheeler Road built and last sold?
The property at 751 Wheeler Road was built in 1964 and last sold on Jan 1, 1970 for $365,000.
How much is this home worth?
The estimated value of the home located at 751 Wheeler Road is $370,126.
What are some comparable homes to 751 Wheeler Road?
There are currently no comparable homes to 751 Wheeler Road.
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