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Middlesex
16 Tower Hill Road
$338,500
● House - Off Market

16 Tower Hill Road

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,436 Ft²
$871,093
RealtyHop Estimate
152.56%
Since Jul 1, 2001
MA-Boston
Primary Model

About This Property

LOCATIONN! WALK TO SCHOOLS, TOWN CENTER AND IPSWICH RIVER PARK. WELL MAINTAINED HOME WITH NEWER ROOF, SIDING AND DRIVEWAY. BEAUTIFUL HARDWOOD FLOORS. GREAT BACK YARD. AGENTS MUST ACCOMPANY BUYERS TO BE COMPENSATED FOR THE SALE.
Unit Size
2,436 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$142
Property Type
House
Property Taxes
$257
HOA Dues
-
Year Built
1958

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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 years ago (MLSPIN #30458627)

Price History

Date / Event Date Event Price
Jun 25, 2001 Sold
Premium
Sold
Nov 3, 2000 Listed by Century 21 Spindler & O'Neil Associates $344,900
Listed by Century 21 Spindler & O'Neil Associates

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,175
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,056
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,261
  • Building Area: 1,261
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,261
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000690
  • 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:0082.0
  • Lot: 82.0
  • Municipality: NORTH READING
  • Latitude: 42.5797
  • Longitude: -71.0823

    Address

  • Full Address: 16 Tower Hill Rd
  • Address - House Number: 16
  • 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: $823,000

    Appraisal Valuation

  • Standard Deviation: 0.1748
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 775,118
  • High Value: 910,671
  • Low Value: 639,565

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $623,000
  • Assessed Land Value: $373,300
  • Assessed Improvements Value: $249,700

    Sales

  • Current Sale Recording Date: Jun 25, 2001
  • Current Sale Price:
    Premium
  • Current 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

2684 ft²

Average Home Age

62.3 years

Currently For Sale

3240 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30458627

Frequently Asked Questions

When was property at 16 Tower Hill Road built and last sold?
The property at 16 Tower Hill Road was built in 1958 and last sold on Jan 1, 1970 for $338,500.
How much is this home worth?
The estimated value of the home located at 16 Tower Hill Road is $386,817.
What are some comparable homes to 16 Tower Hill Road?
There are currently no comparable homes to 16 Tower Hill Road.
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