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Middlesex
9 Drexel Drive
$380,000
● House - Off Market

9 Drexel Drive

Chelmsford, MA 01863
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,512 Ft²
$553,309
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model

About This Property

Charming cape in a great neighborhood close to highways, shopping and schools! This home features a spacious kitchen, a living room with a fireplace, 3-4 ample sized bedrooms, 2 full baths, central a/c, and much more!  Hardwood flooring under carpets on 1st floor.   Located on a beautiful level lot perfect for outdoor entertainment! Multiple offer notification, will be reviewing highest and best Monday, February 11 at 5 PM.
Unit Size
1,512 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$245
Property Type
House
Property Taxes
$498
HOA Dues
-
Year Built
1961

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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: 5 months ago (MLSPIN #72450568)

Price History

Date / Event Date Event Price
Mar 22, 2019 Sold
Premium
Sold
Feb 7, 2019 Listed by RE/MAX Triumph Realty $369,900
Listed by RE/MAX Triumph Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,665
  • Total Building Area: 1,512
  • Gross Building Area: 2,592
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Chelmsford School District
  • School Tax School District: CHELMSFORD SD
  • Census Tract: 317201

Geography

  • Account Number: 11543
  • Parcel: CHEL M:0035 B:0149 L:31
  • Block: 149
  • Lot: 31
  • Municipality: CHELMSFORD
  • Latitude: 42.6139
  • Longitude: -71.4014

    Address

  • Full Address: 9 Drexel Dr
  • Address - House Number: 9
  • Address - Street Name: Drexel
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: North Chelmsford
  • Carrier Code: C003
  • 4-Digit Zip Code: 2122
  • Zip Code: 01863

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $699,000

    Appraisal Valuation

  • Standard Deviation: 0.1853
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 586,067
  • High Value: 694,699
  • Low Value: 477,434

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $486,400
  • Assessed Land Value: $307,700
  • Assessed Improvements Value: $178,700

    Sales

  • Current Sale Contract Date: Mar 20, 2019
  • Current Sale Recording Date: Mar 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10373
  • Previous Sale Recording Date: Feb 28, 2017
  • 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:

$819,900

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2699 ft²

Average Home Age

65.6 years

Currently For Sale

3302 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: 5 months ago
Data Source: MLS PIN, MLS# 72450568

Frequently Asked Questions

When was property at 9 Drexel Drive built and last sold?
The property at 9 Drexel Drive was built in 1961 and last sold on Mar 20, 2019 for $380,000.
How much is this home worth?
The estimated value of the home located at 9 Drexel Drive is $390,810.
What are some comparable homes to 9 Drexel Drive?
There are currently no comparable homes to 9 Drexel Drive.
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