Seller's Agent in 2024
Patrick Hermans
J. Borstell Real Estate, Inc.
(978) 580-7157
2 in this area
51 Total Sales
12 Spring Park Ave Dracut, MA 01826
Estimated Value: $603,620 - $763,000
5
Beds
2
Baths
2,400
Sq Ft
$285/Sq Ft
Est. Value
Highlights
- Solar Power System
- Property is near public transit
- Corner Lot
- Deck
- Wood Flooring
- Jogging Path
About This Home
As of January 2024Fantastic opportunity to own this well maintained two-family in Dracut. This property has many attractive features for owner occupants and investors alike. The first-floor unit has 2 beds, hardwood floors and a private entrance. The second-floor unit has 3 beds, ample storage space and durable vinyl flooring. Each unit has separately metered utilities, and in-unit laundry. Some notable upgrades include a new roof, driveway, and hot water tank. On the exterior there is a one car garage, 5-off street parking spots and a shed for extra storage. The building is perfectly nestled on a corner lot that has over a 1/3 of an acre for lounging, entertaining and pets. Add this turn-key two family to your investment portfolio or move in and make this property home.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,557
Year Built
- Built in 1900
Lot Details
- 0.33 Acre Lot
- Fenced
- Corner Lot
Parking
- 1 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,400 Sq Ft Home
- Property has 1 Level
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Outdoor Features
- Bulkhead
- Deck
- Porch
Utilities
- 3 Heating Zones
- Heating Available
Additional Features
- Solar Power System
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $3,750
- Rent includes unit 1(water), unit 2(water)
- Tax Lot 150
Community Details
Overview
- 2 Units
Recreation
- Park
- Jogging Path
Building Details
- Electric Expense $200
- Insurance Expense $1,560
- Water Sewer Expense $2,800
- Operating Expense $1,760
- Net Operating Income $43,240
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 21, 2019
Sold by
Duffy Kathleen M and Duffy Michael J
Bought by
Hermans Patrick
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,600
Outstanding Balance
$308,223
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$375,682
Purchase Details
Closed on
Dec 27, 2018
Sold by
Duffy Kathleen M
Bought by
Duffy Michael J and Duffy Kathleen M
Purchase Details
Closed on
Jan 8, 1992
Sold by
Flaherty David M
Bought by
Flaherty Kathleen M
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hermans Patrick | $437,000 | None Available | |
| Duffy Michael J | -- | -- | |
| Flaherty Kathleen M | $5,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hermans Patrick | $349,600 | |
| Previous Owner | Flaherty Kathleen M | $10,000 | |
| Previous Owner | Flaherty Kathleen M | $118,000 | |
| Previous Owner | Flaherty Kathleen M | $20,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/26/2024 01/26/24 | Sold | $665,000 | +2.5% | $277 / Sq Ft |
| 12/10/2023 12/10/23 | Pending | -- | -- | -- |
| 11/27/2023 11/27/23 | Price Changed | $649,000 | -3.0% | $270 / Sq Ft |
| 10/30/2023 10/30/23 | For Sale | $669,000 | -- | $279 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,471 | $540,600 | $198,300 | $342,300 |
| 2024 | $5,289 | $506,100 | $188,800 | $317,300 |
| 2023 | $5,557 | $479,900 | $164,200 | $315,700 |
| 2022 | $5,206 | $423,600 | $149,200 | $274,400 |
| 2021 | $4,926 | $378,600 | $135,600 | $243,000 |
| 2020 | $4,694 | $351,600 | $131,700 | $219,900 |
| 2019 | $4,395 | $319,600 | $125,400 | $194,200 |
| 2018 | $4,231 | $299,200 | $125,400 | $173,800 |
| 2017 | $3,893 | $299,200 | $125,400 | $173,800 |
| 2016 | $3,836 | $258,500 | $120,500 | $138,000 |
| 2015 | $3,859 | $258,500 | $120,500 | $138,000 |
| 2014 | $3,523 | $243,100 | $120,500 | $122,600 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick Hermans
-
Vincent Kaba
Buyer's Agent in 2024
Vincent Kaba
Keller Williams Realty Evolution
(781) 727-9111
7 in this area
68 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73175461
APN: DRAC-000050-000000-000150
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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