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Middlesex
14 Tower Hill Road
$472,900
● House - Off Market

14 Tower Hill Road

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,536 Ft²
$843,712
RealtyHop Estimate
75.81%
Since Jan 1, 2016
MA-Boston
Primary Model

About This Property

WALK to TOWN CENTER, ALL SCHOOLS, and IPSWICH RIVER PARK from this BEAUTIFULLY UPDATED HOME in TOP BATCHELDER SCHOOL LOCATION featuring  FIREPLACED LIVING ROOM with BAY WINDOW, FORMAL DINING ROOM with SLIDERS to DECK and GORGEOUS PRIVATE BACKYARD.  BRIGHT UPDATED KITCHEN has NEW APPLIANCES, & NEW GRANITE COUNTER.  LOWER LEVEL includes 4th BEDROOM, FAMILY ROOM, LAUNDRY, 1/2 BATH & WORKSHOP/STORAGE AREA. This GREAT HOME had NEW EXTERIOR SIDING, REFINISHED HARDWOOD FLOORS, and FRESH PAINT IN MOST ROOMS.
Unit Size
1,536 Ft²
Days on Market
-
Land Size
0.76 acres
Price per sqft
$312
Property Type
House
Property Taxes
$551
HOA Dues
-
Year Built
1960

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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 months ago (MLSPIN #71925925)

Price History

Date / Event Date Event Price
Nov 12, 2020 Sold
Premium
Sold
Aug 23, 2020 Listed by LAER Realty Partners $549,000
Listed by LAER Realty Partners
Dec 30, 2015 Sold
Premium
Sold
Oct 30, 2015 Listed by LAER Realty Partners $479,900
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,200
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 33,106
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000760
  • 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:043.0 B:0000 L:0081.0
  • Lot: 81.0
  • Municipality: NORTH READING
  • Latitude: 42.5795
  • Longitude: -71.0821

    Address

  • Full Address: 14 Tower Hill Rd
  • Address - House Number: 14
  • Address - Street Name: Tower Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: C006
  • 4-Digit Zip Code: 2422
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $859,200

    Appraisal Valuation

  • Standard Deviation: 0.1748
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 786,022
  • High Value: 923,482
  • Low Value: 648,562

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $650,400
  • Assessed Land Value: $376,700
  • Assessed Improvements Value: $273,700

    Sales

  • Current Sale Contract Date: Nov 03, 2020
  • Current Sale Recording Date: Nov 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 212104
  • Previous Sale Recording Date: Dec 30, 2015
  • Previous Sale Amount: $472,900
  • Previous Sale Document Type: O
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# 71925925

Frequently Asked Questions

When was property at 14 Tower Hill Road built and last sold?
The property at 14 Tower Hill Road was built in 1960 and last sold on Nov 3, 2020 for $620,617.
How much is this home worth?
The estimated value of the home located at 14 Tower Hill Road is $563,057.
What are some comparable homes to 14 Tower Hill Road?
There are currently no comparable homes to 14 Tower Hill Road.
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