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Middlesex
13 Elma Road
$305,000
● House - Off Market

13 Elma Road

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$511,257
RealtyHop Estimate
64.97%
Since Dec 1, 2016
MA-Boston
Primary Model

About This Property

Great opportunity to live in North Reading at an affordable price!! This bright and sunny adorable cape offers a versatile floor plan and updated Kitchen and Bath. The entire 2nd floor is finished and is currently being used as MBR suite. Title 5 completed, passed and has been determined to be a 3 bedroom septic   Quiet dead end street, yet minutes to shopping, restaurants and major highways. Please allow up to 48hrs for response to all offers.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$258
Property Type
House
Property Taxes
$374
HOA Dues
-
Year Built
1930

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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: 4 months ago (MLSPIN #72067929)

Price History

Date / Event Date Event Price
Nov 25, 2016 Sold
Premium
Sold
Sep 15, 2016 Listed by Century 21 Spindler & O'Neil Associates $309,900
Listed by Century 21 Spindler & O'Neil Associates
Feb 26, 2007 Sold
Premium
Sold
Nov 27, 2006 Listed by Century 21 Spindler & O'Neil Associates $269,900
Listed by Century 21 Spindler & O'Neil Associates

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • 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: 819
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,187
  • Building Area: 1,187
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,187
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 330202

Zoning

  • Zoning: RB

Geography

  • District: 213
  • Parcel: NREA M:013.0 B:0000 L:0087.0
  • Lot: 87.0
  • Municipality: NORTH READING
  • Latitude: 42.5916
  • Longitude: -71.1198

    Address

  • Full Address: 13 Elma Rd
  • Address - House Number: 13
  • Address - Street Name: Elma
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: R051
  • 4-Digit Zip Code: 1250
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $640,000

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 569,805
  • High Value: 663,551
  • Low Value: 476,060

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $484,500
  • Assessed Land Value: $298,200
  • Assessed Improvements Value: $186,300

    Sales

  • Current Sale Recording Date: Nov 25, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 211736
  • Previous Sale Recording Date: Feb 26, 2007
  • Previous Sale Amount: $250,000
  • 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:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2700 ft²

Average Home Age

62.6 years

Currently For Sale

3165 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 months ago
Data Source: MLS PIN, MLS# 72067929

Frequently Asked Questions

When was property at 13 Elma Road built and last sold?
The property at 13 Elma Road was built in 1930 and last sold on Jan 1, 1970 for $305,000.
How much is this home worth?
The estimated value of the home located at 13 Elma Road is $326,146.
What are some comparable homes to 13 Elma Road?
There are currently no comparable homes to 13 Elma Road.
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