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Middlesex
89 Oak Ter
$300,000
● House - Off Market

89 Oak Ter

Dracut, MA 01826
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,266 Ft²
$439,440
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Come Home to this Open floor plan move in ready Cape with Central Air; large eat in kitchen opening to DR; surround sound with subwoofer cable in LR/ Google/Alexa ready; large bathroom with high tech fan; 2 roomy bedrooms upstairs; plus finished room in basement. All this and ... outside: a giant multi-layer deck; 1-car garage; and new shed on just under 1/3 acre on U-shaped street creating enclosed neighborhood. Lots of new items: Eastern Shed Company Shed; driveway newly paved; refrigerator; dishwasher; floors refinished; new shades; and wired for generator. Be ready for summer on the deck and enjoy this yard that has been professionally tended under these owners' care. You will feel at home as soon as you walk in the door here. Showings start right away.
Unit Size
1,266 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$229
Property Type
House
Property Taxes
$306
HOA Dues
-
Year Built
1955

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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 #72311326)

Price History

Date / Event Date Event Price
Nov 28, 2023 Sold
Premium
Sold
Jun 27, 2018 Sold
Premium
Sold
Apr 19, 2018 Listed by Coldwell Banker Residential Brokerage - Lexington $289,900
Listed by Coldwell Banker Residential Brokerage - Lexington
Jul 17, 2013 Sold
Premium
Sold
May 20, 2013 Listed by Coldwell Banker Residential Brokerage - Lexington $250,000
Listed by Coldwell Banker Residential Brokerage - Lexington
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 840
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,398
  • Total Building Area: 1,134
  • Gross Building Area: 3,128
  • Building Area: 1,134
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,134
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000308
  • 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: 314101

Zoning

  • Zoning: R1

Geography

  • Account Number: 832418
  • District: 79
  • Parcel: DRAC M:32 L:34
  • Lot: 34
  • Municipality: DRACUT
  • Latitude: 42.6772
  • Longitude: -71.3579

    Address

  • Full Address: 89 Oak Ter
  • Address - House Number: 89
  • Address - Street Name: Oak
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Dracut
  • Carrier Code: C012
  • 4-Digit Zip Code: 3109
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $441,600

    Appraisal Valuation

  • Standard Deviation: 0.1912
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 477,868
  • High Value: 569,242
  • Low Value: 386,493

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $422,600
  • Assessed Land Value: $187,600
  • Assessed Improvements Value: $235,000

    Sales

  • Current Sale Contract Date: Nov 22, 2023
  • Current Sale Recording Date: Nov 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35104
  • Previous Sale Recording Date: Jun 27, 2018
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: O
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

2700 ft²

Average Home Age

62.6 years

Currently For Sale

3165 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72311326

Frequently Asked Questions

When was property at 89 Oak Terrace built and last sold?
The property at 89 Oak Terrace was built in 1955 and last sold on Nov 22, 2023 for $80,000.
How much is this home worth?
The estimated value of the home located at 89 Oak Terrace is $307,233.
What are some comparable homes to 89 Oak Terrace?
There are currently no comparable homes to 89 Oak Terrace.
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