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Middlesex
18 Erwin Road
Photo of 18 Erwin Road
Sold on Aug 31, 2007

1

Map

$477,000
● House - Off Market

18 Erwin Road

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,008 Ft²
$931,966
RealtyHop Estimate
87.52%
Since Sep 1, 2007
MA-Boston
Primary Model

About This Property

Spacious 48' Split with large open marble entry, two car garage in move-in condition. This meticulous home is located on a quiet side street abutting neighborhood of million dollar homes and offers an open floor plan, hardwood floors, marble foyer, solid 6 panel doors, crown molding, formal dining room, formal fireplaced living room, fireplaced family room, 2 spacious updated full baths, one with gorgeous cherry,  granite, and marble,+ a large eat-in kitchen leading to huge new wrap around deck
Unit Size
2,008 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$248
Property Type
House
Property Taxes
$365
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 months ago (MLSPIN #70609155)

Price History

Date / Event Date Event Price
Aug 31, 2007 Sold
Premium
Sold
Jul 5, 2007 Listed $497,000
Listed
Sep 12, 2003 Sold
Premium
Sold
Jun 26, 2003 Listed $439,900
Listed
Aug 16, 2001 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,344
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,166
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,408
  • Building Area: 1,408
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,408
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000440
  • 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: 330101

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:074.0 B:0000 L:0008.0
  • Lot: 8.0
  • Municipality: NORTH READING
  • Latitude: 42.58
  • Longitude: -71.0584

    Address

  • Full Address: 18 Erwin Rd
  • Address - House Number: 18
  • Address - Street Name: Erwin
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: C001
  • 4-Digit Zip Code: 2939
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $885,900

    Appraisal Valuation

  • Standard Deviation: 0.1748
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 822,167
  • High Value: 965,948
  • Low Value: 678,386

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $670,600
  • Assessed Land Value: $360,800
  • Assessed Improvements Value: $309,800

    Sales

  • Current Sale Recording Date: Aug 31, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00164778
  • Previous Sale Recording Date: Sep 12, 2003
  • Previous Sale Amount: $424,500
  • 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:

$809,999

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2698 ft²

Average Home Age

64.7 years

Currently For Sale

3150 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# 70609155

Frequently Asked Questions

When was property at 18 Erwin Road built and last sold?
The property at 18 Erwin Road was built in 1958 and last sold on Jan 1, 1970 for $477,000.
How much is this home worth?
The estimated value of the home located at 18 Erwin Road is $505,722.
What are some comparable homes to 18 Erwin Road?
There are currently no comparable homes to 18 Erwin Road.
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