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Middlesex
1 Cobblers Lane
$595,000
● House - Off Market

1 Cobblers Lane

North Reading, MA 01864
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,683 Ft²
$1,221,898
RealtyHop Estimate
103.68%
Since Jul 1, 2012
MA-Boston
Primary Model

About This Property

Looking for a CUL-DE-SAC neighborhood? This picture-perfect 5 bdrm colonial is OOZING with CHARM.  The kitchen has a big CENTER ISLAND and incorporates the DINING AREA and FAMILY ROOM.  The front-to-back LIVING ROOM has a fireplace, with a 5th bedroom and separate office tucked to the side for added privacy.  There is a FULL BATH  and SEPARATE lndry rm on the 1st floor.  The 2nd floor boasts a MASTER SUITE, 3 additional bedrms and a full bath. ADD A 2-CAR GAR W/UNFIN RM ABOVE, FAB 1-ACRE LOT!
Unit Size
2,683 Ft²
Days on Market
-
Land Size
0.96 acres
Price per sqft
$224
Property Type
House
Property Taxes
$663
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #71361999)

Price History

Date / Event Date Event Price
Jun 26, 2012 Sold
Premium
Sold
Apr 4, 2012 Listed by Premier Realty Group, Inc. $599,900
Listed by Premier Realty Group, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,509
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,818
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,196
  • Building Area: 3,196
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,196
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000960
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Reading School District
  • School Tax School District: NO READING SD
  • Census Tract: 330102

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:061.0 B:0000 L:0005.0
  • Lot: 5.0
  • Municipality: NORTH READING
  • Latitude: 42.5707
  • Longitude: -71.0688

    Address

  • Full Address: 1 Cobblers Ln
  • Address - House Number: 1
  • Address - Street Name: Cobblers
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: North Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 2835
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,417,600

    Appraisal Valuation

  • Standard Deviation: 0.1569
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,248,472
  • High Value: 1,444,374
  • Low Value: 1,052,571

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,073,100
  • Assessed Land Value: $455,000
  • Assessed Improvements Value: $618,100

    Sales

  • Current Sale Recording Date: Jun 26, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000012
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Middlesex

Stats & Trends

Median Asking:

$809,999

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2698 ft²

Average Home Age

64.7 years

Currently For Sale

3150 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71361999

Frequently Asked Questions

When was property at 1 Cobblers Lane built and last sold?
The property at 1 Cobblers Lane was built in 1960 and last sold on Jan 1, 1970 for $595,000.
How much is this home worth?
The estimated value of the home located at 1 Cobblers Lane is $605,865.
What are some comparable homes to 1 Cobblers Lane?
There are currently no comparable homes to 1 Cobblers Lane.
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