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Middlesex
89 Loon Hill Rd
$485,000
● House - Off Market

89 Loon Hill Rd

Dracut, MA 01826
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,193 Ft²
$448,226
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

OFFERS DUE SATURDAY SEPTEMBER 2ND 6pm. Step into this inviting Cape style home, conveniently located on a spacious lot within a stone's throw from shopping centers, restaurants, medical facility and many more amenities. Inside features ideal kitchen space, a natural light filled living room and four bedrooms. The three season porch is ready to be finished with drywall and your choice of flooring. This is a fantastic home and one that can't be missed! Showings start right away.
Unit Size
1,193 Ft²
Days on Market
-
Land Size
1.17 acres
Price per sqft
$377
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1959

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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 months ago (MLSPIN #73153357)

Price History

Date / Event Date Event Price
Oct 19, 2023 Sold
Premium
Sold
Sep 3, 2023 In contract -
In contract
Aug 29, 2023 Listed by Keller Williams Realty $449,900
Listed by Keller Williams Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,965
  • Total Building Area: 1,193
  • Gross Building Area: 2,966
  • Building Area: 1,193
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,193
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001170
  • 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: 314301

Zoning

  • Zoning: R1

Geography

  • Account Number: 553605
  • District: 79
  • Parcel: DRAC M:51 L:85
  • Lot: 85
  • Municipality: DRACUT
  • Latitude: 42.6719
  • Longitude: -71.2912

    Address

  • Full Address: 89 Loon Hill Rd
  • Address - House Number: 89
  • Address - Street Name: Loon Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dracut
  • Carrier Code: R004
  • 4-Digit Zip Code: 4030
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $445,600

    Appraisal Valuation

  • Standard Deviation: 0.1749
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 479,047
  • High Value: 562,864
  • Low Value: 395,231

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $426,400
  • Assessed Land Value: $200,600
  • Assessed Improvements Value: $225,800

    Sales

  • Current Sale Contract Date: Oct 19, 2023
  • Current Sale Recording Date: Oct 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 31042
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 months ago
Data Source: MLS PIN, MLS# 73153357

Frequently Asked Questions

When was property at 89 Loon Hill Road built and last sold?
The property at 89 Loon Hill Road was built in 1959 and last sold on Oct 19, 2023 for $485,000.
How much is this home worth?
The estimated value of the home located at 89 Loon Hill Road is $462,467.
What are some comparable homes to 89 Loon Hill Road?
There are currently no comparable homes to 89 Loon Hill Road.
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