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Middlesex
185 Central Street
$345,000
● House - Off Market

185 Central Street

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,093 Ft²
$518,066
RealtyHop Estimate
48.02%
Since Oct 1, 2018
MA-Boston
Primary Model

About This Property

You can't beat this fantastic opportunity to make this your first home. Simply move right in, or plan for future upgrades at your own pace. Whether converting to a cape or a colonial this home has great potential!! Large driveway to accommodate plenty of off-street parking. Newer 2 car garage is a great place for collectable cars or for those toys one might have. Heating system, water heater, and roof have been updated. Convenient location near Hillview Country Club. The Garage makes a great cabana.
Unit Size
1,093 Ft²
Days on Market
-
Land Size
0.96 acres
Price per sqft
$320
Property Type
House
Property Taxes
$476
HOA Dues
-
Year Built
1940

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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 #72367585)

Price History

Date / Event Date Event Price
Sep 27, 2018 Sold
Premium
Sold
Jul 24, 2018 Listed by RE/MAX Renaissance Inc. $350,000
Listed by RE/MAX Renaissance Inc.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 486
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,818
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,337
  • Building Area: 1,337
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,337
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000960
  • 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:032.0 B:0000 L:0017.0
  • Lot: 17.0
  • Municipality: NORTH READING
  • Latitude: 42.5903
  • Longitude: -71.1009

    Address

  • Full Address: 185 Central St
  • Address - House Number: 185
  • Address - Street Name: Central
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 1701
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $754,600

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 652,527
  • High Value: 773,364
  • Low Value: 531,690

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $571,200
  • Assessed Land Value: $381,300
  • Assessed Improvements Value: $189,900

    Sales

  • Current Sale Recording Date: Sep 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1798407
  • Previous Sale Recording Date: May 28, 2013
  • 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:

$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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72367585

Frequently Asked Questions

When was property at 185 Central Street built and last sold?
The property at 185 Central Street was built in 1940 and last sold on Jan 1, 1970 for $345,000.
How much is this home worth?
The estimated value of the home located at 185 Central Street is $360,615.
What are some comparable homes to 185 Central Street?
There are currently no comparable homes to 185 Central Street.
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