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Middlesex
15 Sherman Road
Photo of 15 Sherman Road
Sold on Sep 15, 2011

1

Map

$279,000
● House - Off Market

15 Sherman Road

North Reading, MA 01864
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,282 Ft²
$628,769
RealtyHop Estimate
109.66%
Since Oct 1, 2011
MA-Boston
Primary Model

About This Property

Just Reduced to $299.900 Updated custom colonial home, in move in condition. Home features 4 bedrooms and 2 full baths. Updated eat-in kitchen with ceiling fan and newer appliances. Grand family room with plenty of natural light and efficient wood stove. Wood laminate, wall to wall and ceramic tile floors compliment over 2200 square feet of living space. Walking distance to elementary, middle school and high school. Passed title V, (4bd.)
Unit Size
2,282 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$131
Property Type
House
Property Taxes
$370
HOA Dues
-
Year Built
1955

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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: 2 months ago (MLSPIN #71204455)

Price History

Date / Event Date Event Price
Sep 15, 2011 Sold
Premium
Sold
Mar 23, 2011 Listed by Northrup Associates $299,900
Listed by Northrup Associates
Jun 15, 2007 Sold
Premium
Sold
Jan 5, 2007 Listed by Northrup Associates $389,000
Listed by Northrup Associates

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 21
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 17,424
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,282
  • Building Area: 2,282
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,282
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000400
  • 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:042.0 B:0000 L:0073.0
  • Lot: 73.0
  • Municipality: NORTH READING
  • Latitude: 42.5767
  • Longitude: -71.0885

    Address

  • Full Address: 15 Sherman Rd
  • Address - House Number: 15
  • Address - Street Name: Sherman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: R053
  • 4-Digit Zip Code: 2327
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $783,000

    Appraisal Valuation

  • Standard Deviation: 0.1748
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 813,333
  • High Value: 955,569
  • Low Value: 671,097

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $592,700
  • Assessed Land Value: $353,800
  • Assessed Improvements Value: $238,900

    Sales

  • Current Sale Recording Date: Sep 15, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000015
  • Previous Sale Recording Date: Jun 15, 2007
  • Previous Sale Amount: $367,000
  • 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:

$815,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2675 ft²

Average Home Age

62.7 years

Currently For Sale

3269 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: 2 months ago
Data Source: MLS PIN, MLS# 71204455

Frequently Asked Questions

When was property at 15 Sherman Road built and last sold?
The property at 15 Sherman Road was built in 1955 and last sold on Jan 1, 1970 for $279,000.
How much is this home worth?
The estimated value of the home located at 15 Sherman Road is $340,816.
What are some comparable homes to 15 Sherman Road?
There are currently no comparable homes to 15 Sherman Road.
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