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Middlesex
103 Elm St
Photo of 103 Elm St
Sold on Dec 12, 2025

22

Map

Photo of 103 Elm St
Photo of 103 Elm St
$565,000
● House - Off Market

103 Elm St

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,444 Ft²
$3,069
Est. Monthly

About This Property

PRICED BELOW ASSESSED VALUE! Bring your contractor, builder, architect and know-how. Opportunity knocks at this prime location in beautiful North Reading's highly sought after Batch school district, along the Ipswich River but not in a flood zone.  Traditional ranch layout with a bonus 3 season porch, sizable yard, great bones, two car garage, and previously-finished basement. The house needs considerable updating and will not qualify for traditional financing. Private showings may begin immediately with an open house Sunday, November 9 10:30-11:45.
Unit Size
1,444 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$346
Property Type
House
Property Taxes
$613
HOA Dues
-
Year Built
1959

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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: 11 months ago (MLSPIN #73451932)

Price History

Date / Event Date Event Price
Dec 12, 2025 Sold
Premium
Sold
Nov 11, 2025 In contract -
In contract
Nov 5, 2025 Listed by LA Realty and Property Consulting, LLC $500,000
Listed by LA Realty and Property Consulting, LLC

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,072
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 19,998
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,444
  • Building Area: 1,444
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,444
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • 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: 330101

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:078.0 B:0000 L:0096.0
  • Lot: 96.0
  • Municipality: NORTH READING
  • Latitude: 42.5737
  • Longitude: -71.0455

    Address

  • Full Address: 103 Elm St
  • Address - House Number: 103
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: C004
  • 4-Digit Zip Code: 2913
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $715,500

    Appraisal Valuation

  • Standard Deviation: 0.1266
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 85
  • Final Value: 616,429
  • High Value: 694,478
  • Low Value: 538,380

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $541,600
  • Assessed Land Value: $358,400
  • Assessed Improvements Value: $183,200
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

2673 ft²

Average Home Age

65.4 years

Currently For Sale

3328 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: 11 months ago
Data Source: MLS PIN, MLS# 73451932

Frequently Asked Questions

When was property at 103 Elm Street built and last sold?
The property at 103 Elm Street was built in 1959 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 103 Elm Street is $512,448.
What are some comparable homes to 103 Elm Street?
There are currently no comparable homes to 103 Elm Street.
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