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2 Days on market
57 Richardson Ave Dracut — Photo 1 of 24

57 Richardson Ave Dracut — Photo 1 of 24

$409,900

Investment Analysis — 57 Richardson Ave

Dracut, MA 01826

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 2-bedroom in 01826 carries an estimated $2,330/mo in gross rent — about a 4.36% cap rate and $17,891/yr in estimated NOI at the $409,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

1,013

Style

Single Family

Built

1945

Rarely does a home with this much heart and history reach the market. Lovingly maintained by the same owners for 42 years, this single-level residence began its story as a seasonal cottage at Long Pond and has since evolved into a year-round retreat filled with character. The updated kitchen is a standout, featuring warm cherry cabinetry, ample pantry storage, and durable Corian countertops. A gas stove awaits the home chef, while the built-in banquette seating—complete with integrated storage—is tucked into a sunny corner surrounded by windows. Two overhead skylights flood the space with natural light, making it a bright and inviting spot for morning coffee. The primary bedroom offers a peaceful escape, accented by a decorative fireplace and unique decorative leaded glass windows that swing open to invite in fresh air and circulation. This retreat also provides direct access to the yard. An additional bedrooms provides exceptional storage with double closets. Nearby, the 3/4 bathroom has also been tastefully updated. In the main living area, cathedral ceilings and two additional skylights create an airy, open feel. A classic brick feature wall anchors the room, offering the potential for a future wood or pellet stove installation. Transitioning from indoor to outdoor living is seamless via the slider, which leads to a dedicated BBQ deck. For larger gatherings, the mudroom and laundry area opens onto an expansive deck. This outdoor space is perfectly positioned to capture the cool morning sun and the warm afternoon sun, which beautifully heats the entire room. The exterior of the home is as thoughtful as the interior. A durable metal roof provides long-term protection, while a natural gas generator offers total peace of mind. The grounds are a true highlight, featuring a convenient storage shed and lush perennial gardens that wrap the home in seasonal color. Ideal for a 1st time buyer, downsizer, lake enthusiast or romantic get away spot! This is a unique opportunity to own a piece of Long Pond’s history, reimagined for modern living.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 507 sq ft (the lesser of 900 sq ft or half the 1,013 sq ft principal dwelling). Lot size: 4,800 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$409,900
Annual Taxes$3,359

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms4
Fireplaces1
FlooringTile, Vinyl, Carpet, Hardwood, Flooring - Vinyl
BasementPartial, Crawl Space, Bulkhead, Sump Pump, Concrete

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofMetal
FoundationConcrete Perimeter, Block, Stone, Irregular
ZoningR1

Property & Lot

Acres0.11
SqFt Lot4,800
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Electric Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Geography

Floorplan Breakdown

Structural Layout

Unknown
Living RoomKitchenPrimary BedroomBathroom 1
Living Room
Lvl null

Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet, Deck - Exterior, Slider

Kitchen
Lvl null

Skylight, Flooring - Hardwood, Dining Area, Recessed Lighting

Primary Bedroom
Lvl null

Ceiling Fan(s), Flooring - Wall to Wall Carpet, Exterior Access, Lighting - Sconce, Closet - Double

Bathroom 1
Lvl null

Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Pamela Downs

Listing Office: Compass

MLS® Number: 73581994