CCertihomes
400 Salem Rd, Dracut, MA 01826

$699,900

0 beds 0 baths 4 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
$6,608/mo

Real estate (PITI + HOA + PMI)
$6,286
Principal + interest$4,513
Property tax + insurance$1,511
PMI / 2nd mortgage$262
Utilities
$736
Heating + cooling$206
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$112
Car insurance + maintenance$112
Other (entertainment)
$158
$6,608/mo TLC
Budget$7,108/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
Residential
Style
Year built
Lot size
5.27 ac
Stories
0
Heating
Cooling
Water
Private
HOA
Annual tax
$7,312
MLS #
73237594
County
Middlesex

Home features

Sewer
Public Sewer

Lot features

Wooded, Irregular Lot

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.

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MLSPIN

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