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141 Parker Ave
Score
1
Dracut, MA

141 Parker Ave

775K
6 bd • 4 ba • 2,916 sf

This analysis was generated on 3/9/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$774,900

Price/Sq.Ft

$266

Year Built

1985

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Stainless steel appliances: Modern appliances add to the kitchen's appeal • Wood-burning stove: Provides supplemental heat and adds character to the living space • Deck: Outdoor living space adds value, especially in warmer months • Wood-burning stove • Deck • Stainless steel appliances • Price Position: The property is listed at $265.74 per square foot, while the average price per square foot in 01826 is $317. This suggests the property may be competitively priced or have features that justify the lower price per square foot. • Appreciation Trend: Homes in 01826 have sold for 13.4% more than they did a year ago, indicating strong appreciation in the area. • Rental Income: $3,900/month with 90% occupancy (0.1% cap rate) • Future Development: No specific planned developments are mentioned in the provided data. • The layout is functional with a living room, kitchen, and dining area on the first floor and bedrooms on the second floor. The basement is unfinished. The floor plan in image 4 shows the layout of the first and second floors.
Stainless steel appliances

Stainless steel appliances

Modern appliances add to the kitchen's appeal.

Wood-burning stove

Wood-burning stove

Provides supplemental heat and adds character to the living space.

Deck

Deck

Outdoor living space adds value, especially in warmer months.

The Bad

• Bathroom renovation (HIGH priority): $10,000 • Basement finishing (MEDIUM priority): $5,000 • Exterior painting and trim repair (LOW priority): $3,000 • Kitchen cabinet replacement (MEDIUM priority): $8,000 • Minimal flood and fire risk, but major wind risk requires critical insurance coverage. • Sellers market means buyers have less negotiating power. • Interest rate hikes could reduce buyer affordability. • School Quality Issue: Moderate school ratings (4/10 to 5/10) may have a neutral to slightly negative impact on property values compared to areas with higher-rated schools. The absence of top-tier schools could limit potential appreciation for families prioritizing education. • The natural light appears to be adequate in the main living areas, but the bedrooms may have limited light due to the window sizes and placement.

The Ugly

• Climate Risk: Due to the MINIMAL flood and fire risk, insurance costs are not critically impacted. However, the MAJOR wind risk may lead to higher insurance premiums. Specific cost increases would depend on the insurance provider and policy details.
Unfinished basement

Unfinished basement

The basement is unfinished and cluttered.

Worn exterior

Worn exterior

The exterior siding and trim show signs of wear and tear.

Dated kitchen cabinets

Dated kitchen cabinets

The kitchen cabinets are dated and may need replacing.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $46,800 with 90% occupancy rate Value Investors: Projected 14.2% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $26,000 in strategic upgrades could significantly increase property value

Not For

Risk-averse buyers: Property faces significant climate-related insurance costs and risks
Demographics
Area Median Income

$94,882

Property History

Price History
Ownership Timeline

Property Taxes

$6,958
2024 Tax Assessment
8.6%from previous year
Assessed Value$665,800
Tax Rate1.05%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Middle

5.0/10
Average

High

4.0/10
Average

Financials

Monthly Costs
Market Rent (6 bed)

$1,340

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