CCertihomes
400 Salem Rd, Dracut, MA 01826

$699,900

4 beds 2 baths 1,968 sqft Built 19584 days on marketActive

About this home

Attention all builders and investors! This is a rare opportunity to acquire two parcels of land totaling 5.27 acres, offering endless potential for development and investment in a prime location.The front lot features an existing house awaiting renovation, presenting the perfect canvas for your vision. A 10-foot variance is needed to make it buildable, opening the door to countless possibilities for expansion or redevelopment. Beyond the existing structure lies vast acreage, providing ample space for additional construction or subdivision, subject to necessary approvals. Whether you're looking to create a residential community, this expansive land offers the flexibility to bring your ideas to life. Don't miss this rare chance to capitalize on the booming real estate market and secure your foothold in this desirable location.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$6,147/mo

Real estate (PITI + HOA + PMI)
$5,905
Principal + interest$4,513
Property tax + insurance$1,130
PMI / 2nd mortgage$262
Utilities
$576
Heating + cooling$126
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$112
Car insurance + maintenance$112
Other (entertainment)
$158
$6,147/mo TLC
Budget$6,647/mo
Remaining after TLC$500/mo
Purchase price
$699,900
Down payment
$34,995 (5%)
Loan amount
$664,905
APR
7.2%

Quick facts

Type
Single Family Residence
Style
Cape
Year built
1958
Lot size
5.27 ac
Stories
0
Heating
Baseboard, Oil
Cooling
None
Water
Private
HOA
Annual tax
$5,098
MLS #
73237593
County
Middlesex

At a glance

Fireplace
Basement
Garage (2)

Home features

Appliances
OvenRangeRefrigerator
Exterior
Porch - EnclosedPorch - ScreenedStorage
Parking
DetachedOff Street
Flooring
Carpet, Laminate, Hardwood
Sewer
Public Sewer

Lot features

Wooded

Neighborhood — 01826

MetricThis ZIPCountyUSA
Population32,1076,444,931299,088,112
Population Change Since199011.00%7.00%20.00%
Population Density1,499786
Male15,8663,127,134147,432,321
Female16,2403,317,797151,655,844
Never Married6,4501,612,88563,775,926
Married14,7712,586,314123,120,365
Separated605247,85712,639,686
Widowed1,554363,59415,467,586
Divorced1,881436,88823,075,029
Number Of House Hold11,4402,431,591111,826,380
Average House Hold Size2.802.562.60
Medial Age36.8937.2535.46
Median House Hold Income$68,657$57,698$48,276
Average House Hold Income$72,366$75,023$63,629
P C I$25,859$29,196$24,529
M D I$56,310$48,105$41,133
A T H E$56,369$57,083$50,898
S T R5.00%5.00%
W C J74.83%81.38%77.74%
(Zip) Code
1826

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Open in Google Maps →
MLSPIN

Listing information last refreshed 5/14/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.