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Burlington 01803 North Burlington
89 Drake Rd
$390,000
● House - Off Market

89 Drake Rd

Burlington, MA 01803
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,686 Ft²
$829,197
RealtyHop Estimate
107.35%
Since Jun 1, 2012
MA-Boston
Primary Model

About This Property

Location, Location, Location!! In the heart of the Foxhill School District sits this Gorgeous, well maintained 8 Room, 3 Bedroom 48' Split Level w/ 2 Car garage. The interior was just painted, the 1st floor offers an open and spacious lay out, from the Kitchen to Formal dining room to first floor great room addition, also 3 spacious bedrooms. The lower level offers a front to back 20'X14' fireplaced family room w/ ceramic tile floor, Large laundry room, enormus 2 car garage, great 1/2 acre Lot.
Unit Size
1,686 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$237
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1972

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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 #71359996)

Price History

Date / Event Date Event Price
May 31, 2012 Sold
Premium
Sold
Mar 30, 2012 Listed by Austin Realty Group $399,900
Listed by Austin Realty Group
Aug 29, 2003 Sold
Premium
Sold
Jul 9, 2003 Listed by Austin Realty Group $389,900
Listed by Austin Realty Group

Property Highlights

Parking Available
Garage
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: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 23
  • 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: 1,175
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,588
  • Total Building Area: 1,942
  • Gross Building Area: 2,647
  • Building Area: 1,942
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,942
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOWN PARK ESTATES
  • Land Acres: 0000000496
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Burlington School District
  • School Tax School District: BURLINGTON SD
  • Census Tract: 332202

Zoning

  • Zoning: RO

Geography

  • Parcel: BURL M:000018 P:0096-8
  • Municipality: BURLINGTON
  • Latitude: 42.5188
  • Longitude: -71.183

    Address

  • Full Address: 89 Drake Rd
  • Address - House Number: 89
  • Address - Street Name: Drake
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Burlington
  • Carrier Code: C011
  • 4-Digit Zip Code: 1866
  • Zip Code: 01803

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $645,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2192
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 794,248
  • High Value: 968,358
  • Low Value: 620,138

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $721,900
  • Assessed Land Value: $420,400
  • Assessed Improvements Value: $301,500

    Sales

  • Current Sale Recording Date: May 31, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000010
  • Previous Sale Recording Date: Aug 29, 2003
  • Previous Sale Amount: $389,900
  • 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 North Burlington

Stats & Trends

Median Asking:

$890,000

Sale Price/ft²

$397

Above Asking

0.00%

Average Days on Market

51

Average Home Size

3580 ft²

Average Home Age

48.2 years

Currently For Sale

17 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 20 Corporate Drive, Burlington, MA, 01803

$3,922 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
20 Corporate Drive #C2DC, Burlington, MA, 01803 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71359996

Frequently Asked Questions

When was property at 89 Drake Road built and last sold?
The property at 89 Drake Road was built in 1972 and last sold on Jan 1, 1970 for $390,000.
How much is this home worth?
The estimated value of the home located at 89 Drake Road is $418,032.
What are some comparable homes to 89 Drake Road?
There are currently no comparable homes to 89 Drake Road.
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