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Middlesex
11 Parker Drive
$561,000
● House - Off Market

11 Parker Drive

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,071 Ft²
$563,170
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

MUST SEE charming 3 bedroom, 1 bathroom, ranch located in the heart of North Reading. Conveniently located on a quiet street, just minutes to the center of town and a short walk to Ipswich River Park and the NRMS/NRHS Complex. This house offers an open concept living room/dining room combo, lots of natural light and gleaming hardwood floors throughout. There are three large sized bedrooms with plenty of closet space, and a full bathroom with a washer/dryer combo included. The unfinished basement has endless potential. Perfect for new families or those looking to down-size. Don't miss out on this opportunity to own in North Reading!
Unit Size
1,071 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$503
Property Type
House
Property Taxes
$566
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72976022)

Price History

Date / Event Date Event Price
Aug 18, 2022 Sold
Premium
Sold
May 4, 2022 Listed by Coldwell Banker Realty - North Reading $539,000
Listed by Coldwell Banker Realty - North Reading
Oct 29, 2010 Sold
Premium
Sold
Sep 27, 2010 Listed by Coldwell Banker Realty - North Reading $299,000
Listed by Coldwell Banker Realty - North Reading

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,048
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,860
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,071
  • Building Area: 1,071
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,071
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000410
  • 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:056.0 B:0000 L:0046.0
  • Lot: 46.0
  • Municipality: NORTH READING
  • Latitude: 42.5629
  • Longitude: -71.0798

    Address

  • Full Address: 11 Parker Dr
  • Address - House Number: 11
  • Address - Street Name: Parker
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: North Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 3014
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $707,500

    Appraisal Valuation

  • Standard Deviation: 0.175
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 627,165
  • High Value: 736,962
  • Low Value: 517,369

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $535,600
  • Assessed Land Value: $358,000
  • Assessed Improvements Value: $177,600

    Sales

  • Current Sale Contract Date: Aug 18, 2022
  • Current Sale Recording Date: Aug 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 127127
  • Previous Sale Recording Date: Oct 15, 2014
  • Previous Sale Document Type: 27
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:

$815,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2685 ft²

Average Home Age

65 years

Currently For Sale

3224 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: 5 months ago
Data Source: MLS PIN, MLS# 72976022

Frequently Asked Questions

When was property at 11 Parker Drive built and last sold?
The property at 11 Parker Drive was built in 1953 and last sold on Aug 18, 2022 for $561,000.
How much is this home worth?
The estimated value of the home located at 11 Parker Drive is $532,827.
What are some comparable homes to 11 Parker Drive?
There are currently no comparable homes to 11 Parker Drive.
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