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Middlesex
889 Salem Road
$470,000
● House - Off Market

889 Salem Road

Dracut, MA 01826
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,904 Ft²
$760,239
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model

About This Property

Amazing find!  This outstanding East Dracut home is at the end of its own little cul-de-sac abutting the woods, and has plenty of room to spread out or to accommodate a large family.  The first floor has 6-rooms, 3-bedroom, 1 ½ baths and features an updated kitchen, skylights, hardwood flooring, ceramic flooring, fireplace, and 2 decks.  The finished basement has 5-rooms, 2-bedrooms, 1 bath and features a kitchen, ceramic flooring, fireplace, and sliders to a great patio area.  Plus an oversized 2-car garage, with a very large workshop, with heat and air conditioning.
Unit Size
2,904 Ft²
Days on Market
-
Land Size
2.05 acres
Price per sqft
$165
Property Type
House
Property Taxes
$403
HOA Dues
-
Year Built
1972

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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 #72227373)

Price History

Date / Event Date Event Price
Dec 15, 2017 Sold
Premium
Sold
Sep 12, 2017 Listed by Dick Lepine Real Estate, Inc. $479,900
Listed by Dick Lepine Real Estate, Inc.
Nov 6, 2002 Sold
Premium
Sold
May 24, 2002 Sold
Premium
Sold
Feb 11, 2002 Listed by Dick Lepine Real Estate, Inc. $549,900
Listed by Dick Lepine Real Estate, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • 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: 0
  • Building Style: 19
  • 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: 7
  • Basement Area: 1,584
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 69,696
  • Total Building Area: 1,584
  • Gross Building Area: 3,760
  • Building Area: 1,584
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,584
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001600
  • 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: 439123
  • District: 79
  • Parcel: DRAC M:2 L:1
  • Lot: 1
  • Municipality: DRACUT
  • Latitude: 42.7312
  • Longitude: -71.254

    Address

  • Full Address: 889 Salem Rd
  • Address - House Number: 889
  • Address - Street Name: Salem
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dracut
  • Carrier Code: R003
  • 4-Digit Zip Code: 1658
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $559,000

    Appraisal Valuation

  • Standard Deviation: 0.1611
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 653,905
  • High Value: 759,257
  • Low Value: 548,553

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $534,900
  • Assessed Land Value: $226,100
  • Assessed Improvements Value: $308,800

    Sales

  • Current Sale Recording Date: Dec 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 56473
  • Previous Sale Recording Date: Nov 06, 2002
  • Previous Sale Amount: $50,000
  • 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:

$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

Unit for rent at 4 Arbor, Pelham, 03076

$3,150 /mo

  • 3 Beds
  • 1 Bath
  • 1,772 ft²
4 Arbor, Pelham, 03076 Listing by DawnMarie McCarthy
Unit for rent at 58 Brady, Salem, 03079

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,751 ft²
58 Brady, Salem, 03079 Listing by Nancy Bilodeau

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72227373

Frequently Asked Questions

When was property at 889 Salem Road built and last sold?
The property at 889 Salem Road was built in 1972 and last sold on Jan 1, 1970 for $470,000.
How much is this home worth?
The estimated value of the home located at 889 Salem Road is $478,971.
What are some comparable homes to 889 Salem Road?
There are currently no comparable homes to 889 Salem Road.
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