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Middlesex
16 Sherman Rd
$515,000
● House - Off Market

16 Sherman Rd

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,177 Ft²
$1,082,271
RealtyHop Estimate
102.29%
Since Aug 1, 2012
MA-Boston
Primary Model

About This Property

Welcome Home to this Stunning 2year young N. Reading Home! Located on quiet street w/in walking distance to desirable Batchelder School and BRAND new Middle/High School to be built by 2014!! Gourmet kitchen w/huge island and beautiful cabinets. Whitewashed bamboo floors & Tile throughout! Enjoy entertaining in the lovely OPEN floor plan and wonderful inground pool & Gazebo! Bright&Sunny oversized bedrooms on 2nd level. Huge walkout lower level perfect for extended family or for future fam.room!
Unit Size
2,177 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$246
Property Type
House
Property Taxes
$553
HOA Dues
-
Year Built
2010

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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 #71381574)

Price History

Date / Event Date Event Price
Jun 23, 2017 Sold
Premium
Sold
Jul 31, 2012 Sold
Premium
Sold
May 11, 2012 Listed by Bean Group $535,000
Listed by Bean Group
Jan 12, 2009 Sold
Premium
Sold
Oct 17, 2008 Listed by RE/MAX Renaissance Inc. $379,900
Listed by RE/MAX Renaissance Inc.
Bank Owned, large single family with attached studio unit. Garage with loft area. Inground pool needs work.
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Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 1,244
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 32,670
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,177
  • Building Area: 2,177
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,177
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000750
  • 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:0071.0
  • Lot: 71.0
  • Municipality: NORTH READING
  • Latitude: 42.5764
  • Longitude: -71.0886

    Address

  • Full Address: 16 Sherman Rd
  • Address - House Number: 16
  • Address - Street Name: Sherman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: R053
  • 4-Digit Zip Code: 2325
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,219,500

    Appraisal Valuation

  • Standard Deviation: 0.1748
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,002,559
  • High Value: 1,177,888
  • Low Value: 827,231

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $923,200
  • Assessed Land Value: $371,900
  • Assessed Improvements Value: $551,300

    Sales

  • Current Sale Recording Date: Jun 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 95843
  • Previous Sale Recording Date: Jul 31, 2012
  • Previous Sale Amount: $515,000
  • 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71381574

Frequently Asked Questions

When was property at 16 Sherman Road built and last sold?
The property at 16 Sherman Road was built in 2010 and last sold on Jan 1, 1970 for $645,000.
How much is this home worth?
The estimated value of the home located at 16 Sherman Road is $562,000.
What are some comparable homes to 16 Sherman Road?
There are currently no comparable homes to 16 Sherman Road.
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