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Middlesex
1 Damon Street
$775,000
● House - Off Market

1 Damon Street

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,736 Ft²
$747,961
RealtyHop Estimate
-0.26%
Since Aug 1, 2023
MA-Boston
Primary Model

About This Property

The moment you walk through the doors you'll immediately understand why this family has proudly called this house their home for over 42 years! The quintessential cape style has all of the amenities you need with loads of charm. Move in just as the nice weather hits so that you can enjoy your gorgeous flat backyard with patio space. Eat in kitchen opens up to you oversized family room with cathedral ceilings, perfect for large family gatherings. Looking for a quiet place to read or drink your morning coffee, cuddle up and enjoy your living room with gorgeous fireplace and loads of natural light. Must see this picture perfect gem!
Unit Size
1,736 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$432
Property Type
House
Property Taxes
$686
HOA Dues
-
Year Built
1950

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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: 5 months ago (MLSPIN #73122545)

Price History

Date / Event Date Event Price
Jul 18, 2023 Sold
Premium
Sold
Jun 20, 2023 In contract -
In contract
Jun 8, 2023 Listed by Classified Realty Group $749,900
Listed by Classified Realty Group

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 800
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,807
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,736
  • Building Area: 1,736
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,736
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000294
  • 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: 330201

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:023.0 B:0000 L:0058.0
  • Lot: 58.0
  • Municipality: NORTH READING
  • Latitude: 42.5686
  • Longitude: -71.1051

    Address

  • Full Address: 1 Damon St
  • Address - House Number: 1
  • Address - Street Name: Damon
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: C007
  • 4-Digit Zip Code: 2210
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $874,200

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 753,606
  • High Value: 885,564
  • Low Value: 621,647

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $661,800
  • Assessed Land Value: $368,400
  • Assessed Improvements Value: $293,400

    Sales

  • Current Sale Contract Date: Jul 18, 2023
  • Current Sale Recording Date: Jul 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 78878
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:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2706 ft²

Average Home Age

65.2 years

Currently For Sale

3280 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73122545

Frequently Asked Questions

When was property at 1 Damon Street built and last sold?
The property at 1 Damon Street was built in 1950 and last sold on Jul 18, 2023 for $775,000.
How much is this home worth?
The estimated value of the home located at 1 Damon Street is $761,266.
What are some comparable homes to 1 Damon Street?
There are currently no comparable homes to 1 Damon Street.
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