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Burlington 01803 North Burlington
94 Drake Road
$490,000
● House - Off Market

94 Drake Road

Burlington, MA 01803
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,142 Ft²
$905,640
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

Updates galore in this sunny oversized split...new Energy Star efficient front door and sidelight, Frigidaire Pro 36" 5-burner gas range, custom granite front stairs and railings, Rinnai tankless water heater, recessed lighting, beautiful playground, and more! Located on a quiet street in a desirable Fox Hill neighborhood, yet convenient to both 93 & 128. Central air, forced air natural gas heating, ss appliances, updated kitchen and bath, custom built ins, Andersen windows throughout. Front to back family room downstairs walks out to private, wooded backyard.
Unit Size
2,142 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$233
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
1969

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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 #71682415)

Price History

Date / Event Date Event Price
Aug 1, 2014 Sold
Premium
Sold
May 16, 2014 Listed by Zephyr Realty $499,000
Listed by Zephyr Realty
Apr 9, 2004 Sold
Premium
Sold
Oct 5, 2003 Listed by Zephyr Realty $429,900
Listed by Zephyr Realty
Apr 28, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • 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: 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: 1,200
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,998
  • Total Building Area: 2,282
  • Gross Building Area: 2,978
  • Building Area: 2,282
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,282
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • 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:000094
  • Municipality: BURLINGTON
  • Latitude: 42.5189
  • Longitude: -71.1842

    Address

  • Full Address: 94 Drake Rd
  • Address - House Number: 94
  • Address - Street Name: Drake
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Burlington
  • Carrier Code: C011
  • 4-Digit Zip Code: 1865
  • Zip Code: 01803

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $672,400

    Appraisal Valuation

  • Standard Deviation: 0.1743
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 893,732
  • High Value: 1,049,569
  • Low Value: 737,895

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $752,100
  • Assessed Land Value: $420,000
  • Assessed Improvements Value: $332,100

    Sales

  • Current Sale Recording Date: Aug 01, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 113763
  • Previous Sale Recording Date: Apr 09, 2004
  • Previous Sale Amount: $429,900
  • 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

$394

Below Asking

0.01%

Average Days on Market

50

Average Home Size

3758 ft²

Average Home Age

59.5 years

Currently For Sale

8 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

$3,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,176 ft²
20 Corporate Drive #B2A, 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# 71682415

Frequently Asked Questions

When was property at 94 Drake Road built and last sold?
The property at 94 Drake Road was built in 1969 and last sold on Jan 1, 1970 for $490,000.
How much is this home worth?
The estimated value of the home located at 94 Drake Road is $521,313.
What are some comparable homes to 94 Drake Road?
There are currently no comparable homes to 94 Drake Road.
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