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Middlesex 01463
8 Merrimac Drive
$187,425
● House - Off Market

8 Merrimac Drive

Pepperell, MA 01463
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,685 Ft²
$599,555
RealtyHop Estimate
215.72%
Since Sep 1, 1999
National-US
Primary Model

About This Property

SUBJECT TO SELLERS RELOCATING; CLOSING 8/30/99 5 YR. OLD GAMBREL W/2-CAR GARAGE UNDER IN RIVERSIDE F/P IN L/R; BURBER CARPET;CUSTOM OAK CABINETS;1ST FL LAUNDRY
Unit Size
1,685 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$113
Property Type
House
Property Taxes
$183
HOA Dues
-
Year Built
1994

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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 years ago (MLSPIN #30302954)

Price History

Date / Event Date Event Price
Aug 24, 1999 Sold
Premium
Sold
Mar 20, 1999 Listed $189,900
Listed
Jun 23, 1994 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 864
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,447
  • Total Building Area: 1,685
  • Gross Building Area: 2,976
  • Building Area: 1,685
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,685
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000630
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Middlesex School District
  • School Tax School District: N MIDDLESEX SD
  • Census Tract: 327101

Zoning

  • Zoning: RCR

Geography

  • Parcel: PEPP M:0016 B:0142 L:00000
  • Block: 142
  • Municipality: PEPPERELL
  • Latitude: 42.6805
  • Longitude: -71.5634

    Address

  • Full Address: 8 Merrimac Dr
  • Address - House Number: 8
  • Address - Street Name: Merrimac
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Pepperell
  • Carrier Code: R008
  • 4-Digit Zip Code: 1458
  • Zip Code: 01463

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $580,900

    Appraisal Valuation

  • Standard Deviation: 0.2489
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 64
  • Final Value: 583,538
  • High Value: 728,832
  • Low Value: 438,245

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $404,800
  • Assessed Land Value: $134,900
  • Assessed Improvements Value: $269,900

    Sales

  • Current Sale Recording Date: Aug 24, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 23, 1994
  • Previous Sale Amount: $145,000
  • 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:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2683 ft²

Average Home Age

62.9 years

Currently For Sale

3239 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30302954

Frequently Asked Questions

When was property at 8 Merrimac Drive built and last sold?
The property at 8 Merrimac Drive was built in 1994 and last sold on Jan 1, 1970 for $187,425.
How much is this home worth?
The estimated value of the home located at 8 Merrimac Drive is $0.
What are some comparable homes to 8 Merrimac Drive?
There are currently no comparable homes to 8 Merrimac Drive.
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