NOT LISTED FOR SALE

23 Old Meadow Rd Dracut, MA 01826

Estimated Value: $249,000 - $255,933

3.71 Acres
$68,098 Price per Acre
161,608 Sq Ft Lot

Last Sold March 27, 2023

Last sale price $220,000

Est. 15% increase in value since last sale

Current estimated payment $1,502/month

147 Days on Market

Highlights

  • 3.71 Acre Lot
  • Wooded Lot
  • Level Lot
  • Property is near public transit
  • Shops

About This Lot

As of March 2023

3.71 Acres of Residential Land. The following info was provided Per the Town of Dracut and summarized. A variance for frontage was granted to this lot in 1987 which allowed the owner at the time to go to the Planning Board and have it approved as an ANR lot. This was conditioned that only a single-family home could be built on it. At the time there was a moratorium on building multi-family dwellings. That never happened and the lot appears to have been foreclosed on in 1991, and nothing has really happened since. It may be possible to draw up a new subdivision plan using a new street as frontage, which then could be taken to the Planning Board for subdivision approval. This would likely yield a maximum of three single-family home lots or two duplex lots, but more probably only two SFH lots and one duplex. Two-family homes need 60,000sq.ft.lots and a Planning Board Special Permit. Buyers to complete their own due diligence . See Lot B of MLS attachment.

Last Agent to Sell the Property

Ray Boutin

RE/MAX Innovative Properties Listed on: 03/24/2022

RE/MAX Innovative Properties

Last Buyer's Agent

Mary Ribeiro

eXp Realty

eXp Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,898

Lot Details

  • 3.71 Acre Lot
  • Level Lot
  • Wooded Lot
  • Property is zoned R3

Location

  • Property is near public transit

Schools

  • Dps Elementary And Middle School
  • DHS Or Gl Tech High School

Listing and Financial Details

  • Legal Lot and Block 1 / 84
  • Assessor Parcel Number 3515118

Community Details

Amenities

  • Shops

Recreation

  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$1,898

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • Buyer Agency: 2.5
  • Transaction Broker: 1
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • MAIN LO: AN3560
  • MAIN SO: AC0342

Exterior Features

  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront YN: No

Utilities

  • Sewer: At Street
  • Gas: At Street
  • Electric: At Street
  • Water Source: At Street

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping

Lot Info

  • Parcel Number: 3515118
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Level, Sloped, Wooded
  • Lot Size Acres: 3.71
  • Lot Size Area: 3.71
  • Lot Size Sq Ft: 161607
  • Lot Size Units: Acres
  • PAGE: 111
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1898
  • Tax Block: 84
  • Tax Book Number: 5501
  • Tax Lot: 1
  • Tax Map Number: 59

MLS Schools

  • High School: Dhs Or Gl Tech
  • Elementary School: Dps
  • Middle Or Junior School: Dps

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 1991
Sold by
Loukoumi Dev Inc
Bought by
Lemay Armand W
Total Days on Market
147
Current Estimated Value
$252,644
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lemay Armand W $45,500 --
Lemay Company Inc $157,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brazilian Assembly God $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2023 03/27/23 Sold $220,000 -8.3% --
08/19/2022 08/19/22 Pending -- -- --
07/29/2022 07/29/22 Price Changed $240,000 -12.7% --
03/24/2022 03/24/22 For Sale $275,000 -- --
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $1,940 $191,700 $191,700 $0
2024 $1,910 $182,800 $182,800 $0
2023 $1,842 $159,100 $159,100 $0
2022 $1,794 $146,000 $146,000 $0
2021 $1,742 $133,900 $133,900 $0
2020 $1,741 $130,400 $130,400 $0
2019 $1,716 $124,800 $124,800 $0
2018 $1,765 $124,800 $124,800 $0
2017 $1,810 $124,800 $124,800 $0
2016 $1,790 $120,600 $120,600 $0
2015 $1,801 $120,600 $120,600 $0
2014 $1,747 $120,600 $120,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72956813

MLS Property Information Network (MLS PIN)

APN: DRAC-000059-000084-000001