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Middlesex
12 School Hill Lane
$460,000
● House - Off Market

12 School Hill Lane

North Reading, MA 01864
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,594 Ft²
$1,290,307
RealtyHop Estimate
180.56%
Since Oct 1, 2000
MA-Boston
Primary Model

About This Property

CUSTOME BUILT COLONIAL WITH 2X6 CONSTRUCTION. PREWIRED FOR ALARM AND PREPPED FOR CENTRAL VAC. CHERRY CABINETS, TILE FLOOR, HUGE COUNTRY KIT. ALL NATURAL WDWK AND MORE. AGENTS MUST ACCOMPANY BUYER TO RECEIVE COMPENSATION.
Unit Size
2,594 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$177
Property Type
House
Property Taxes
$383
HOA Dues
-
Year Built
1981

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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 years ago (MLSPIN #30441449)

Price History

Date / Event Date Event Price
Sep 26, 2000 Sold
Premium
Sold
Aug 31, 2000 Listed by Century 21 Spindler & O'Neil Associates $459,900
Listed by Century 21 Spindler & O'Neil Associates

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,474
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,946
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,594
  • Building Area: 2,594
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,594
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000940
  • 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: RB

Geography

  • District: 213
  • Parcel: NREA M:043.0 B:0000 L:0095.0
  • Lot: 95.0
  • Municipality: NORTH READING
  • Latitude: 42.58
  • Longitude: -71.0853

    Address

  • Full Address: 12 School Hill Ln
  • Address - House Number: 12
  • Address - Street Name: School Hill
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: North Reading
  • Carrier Code: C006
  • 4-Digit Zip Code: 2377
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,157,600

    Appraisal Valuation

  • Standard Deviation: 0.1764
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,083,052
  • High Value: 1,274,130
  • Low Value: 891,974

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $876,300
  • Assessed Land Value: $409,300
  • Assessed Improvements Value: $467,000

    Sales

  • Current Sale Recording Date: Sep 26, 2000
  • Current Sale Price:
    Premium
  • Current 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:

$819,900

Sale Price/ft²

$439

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2719 ft²

Average Home Age

64.9 years

Currently For Sale

3097 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 years ago
Data Source: MLS PIN, MLS# 30441449

Frequently Asked Questions

When was property at 12 School Hill Lane built and last sold?
The property at 12 School Hill Lane was built in 1981 and last sold on Jan 1, 1970 for $460,000.
How much is this home worth?
The estimated value of the home located at 12 School Hill Lane is $0.
What are some comparable homes to 12 School Hill Lane?
There are currently no comparable homes to 12 School Hill Lane.
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