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Middlesex
1 Mentus Farm Lane
$730,000
● House - Off Market

1 Mentus Farm Lane

North Reading, MA 01864
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,041 Ft²
$1,384,250
RealtyHop Estimate
82.16%
Since Jan 1, 2015
MA-Boston
Primary Model

About This Property

NEW CONSTRUCTION...New four bedroom colonial, nearing completion, set on a 1 acre lot in a beautiful subdivision. First floor features an open foyer, formal living and dining room, a study, and an eat in kitchen with center island, granite countertops which is open to a family room with gas fireplace. Second floor with a master with walk in closets plus master bath with double granite vanity, a whirlpool tub, and tiled walk in shower, plus laundry room and three additional bedrooms. Walk up unfinished walk up attic with front dormers. Rear composite deck. Two car garage under. Central air. Still time for choices...Make this home yours.
Unit Size
3,041 Ft²
Days on Market
-
Land Size
1.02 acres
Price per sqft
$250
Property Type
House
Property Taxes
$8,333,333
HOA Dues
-
Year Built
2014

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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 years ago (MLSPIN #71716214)

Price History

Date / Event Date Event Price
Dec 16, 2014 Sold
Premium
Sold
Jul 17, 2014 Listed by Century 21 North East $759,900
Listed by Century 21 North East
Mar 3, 2014 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 2
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • 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: 1,546
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 44,431
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,396
  • Building Area: 3,396
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,396
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001020
  • 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:040.0 B:0000 L:0002.0
  • Lot: 2.0
  • Municipality: NORTH READING
  • Latitude: 42.5631
  • Longitude: -71.0894

    Address

  • Full Address: 1 Mentus Farm Ln
  • Address - House Number: 1
  • Address - Street Name: Mentus Farm
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: North Reading
  • Carrier Code: C007
  • 4-Digit Zip Code: 2728
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,585,600

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 1,275,385
  • High Value: 1,485,214
  • Low Value: 1,065,555

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,200,300
  • Assessed Land Value: $457,600
  • Assessed Improvements Value: $742,700

    Sales

  • Current Sale Recording Date: Dec 16, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 193254
  • Previous Sale Recording Date: Mar 03, 2014
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: 35
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:

$824,900

Sale Price/ft²

$439

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2702 ft²

Average Home Age

65.1 years

Currently For Sale

3031 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 71716214

Frequently Asked Questions

When was property at 1 Mentus Farm Lane built and last sold?
The property at 1 Mentus Farm Lane was built in 2014 and last sold on Jan 1, 1970 for $730,000.
How much is this home worth?
The estimated value of the home located at 1 Mentus Farm Lane is $794,989.
What are some comparable homes to 1 Mentus Farm Lane?
There are currently no comparable homes to 1 Mentus Farm Lane.
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