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Middlesex
16 Olde Farm Lane
$530,000
● House - Off Market

16 Olde Farm Lane

North Reading, MA 01864
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,030 Ft²
$1,140,058
RealtyHop Estimate
117.15%
Since Oct 1, 2002
MA-Boston
Primary Model

About This Property

LOCATION, LOCATION, LOCATION! BEAUTIFUL EXPANDED CAPE IN DESIREABLE AREA WITH EXTENSIVE LANDSCAPING. FR WITH CATHEDRAL CEILING + FIREPLACE.  HDW IN DN + FOYER, OVERSIZES 2 CAR ATTD GARAGE WITH UNFINISHED LOFT + MORE
Unit Size
2,030 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$259
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
1992

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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 #30612386)

Price History

Date / Event Date Event Price
Sep 27, 2002 Sold
Premium
Sold
May 31, 2002 Listed by Century 21 North East $525,000
Listed by Century 21 North East
LOCATION, LOCATION, LOCATION! BEAUTIFUL EXPANDED CAPE IN DESIREABLE AREA WITH EXTENSIVE LANDSCAPING. FR WITH CATHEDRAL CEILING + FIREPLACE. HDW IN DN + FOYER, OVERSIZES 2 CAR ATTD GARAGE WITH UNFINISHED LOFT + MORE
Sep 3, 1997 Sold
Premium
Sold
Aug 6, 1997 Listed by Century 21 Spindler & O'Neil Associates $339,900
Listed by Century 21 Spindler & O'Neil Associates

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 1,008
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 40,075
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,030
  • Building Area: 2,030
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,030
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000920
  • 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: 330201

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:024.0 B:0000 L:0062.0
  • Lot: 62.0
  • Municipality: NORTH READING
  • Latitude: 42.5776
  • Longitude: -71.105

    Address

  • Full Address: 16 Olde Farm Ln
  • Address - House Number: 16
  • Address - Street Name: Olde Farm
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: North Reading
  • Carrier Code: R053
  • 4-Digit Zip Code: 2262
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,184,800

    Appraisal Valuation

  • Standard Deviation: 0.1764
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,029,526
  • High Value: 1,211,161
  • Low Value: 847,892

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $896,900
  • Assessed Land Value: $452,900
  • Assessed Improvements Value: $444,000

    Sales

  • Current Sale Recording Date: Oct 01, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 03, 1997
  • Previous Sale Amount: $339,900
  • 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:

$819,900

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2693 ft²

Average Home Age

65.6 years

Currently For Sale

3350 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# 30612386

Frequently Asked Questions

When was property at 16 Olde Farm Lane built and last sold?
The property at 16 Olde Farm Lane was built in 1992 and last sold on Jan 1, 1970 for $530,000.
How much is this home worth?
The estimated value of the home located at 16 Olde Farm Lane is $543,118.
What are some comparable homes to 16 Olde Farm Lane?
There are currently no comparable homes to 16 Olde Farm Lane.
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