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Middlesex
2 Fairway Road
$350,000
● House - Off Market

2 Fairway Road

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,200 Ft²
$1,146,737
RealtyHop Estimate
210.01%
Since Apr 1, 2000
MA-Boston
Primary Model

About This Property

NEWER CONSTRUCTION COL.   OVER LOOKING HILLVIEW GOLF GREENS 3 BEDROOMS WITH STUDY FARMERS PORCH 2 1/2 BATH, 2 CAR GARAGE WARM AND INVITING WITH GAS FIRE. NINE HOMES IN THIS NEW AREA EASY ACCESS TO AMENITIES,PLEASURE TO SHOW CALL OFFICE
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$168
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1999

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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 #30369295)

Price History

Date / Event Date Event Price
Nov 5, 2021 Sold
Premium
Sold
Sep 23, 2021 Listed $899,000
Listed
Mar 3, 2000 Sold
Premium
Sold
Nov 15, 1999 Listed $369,900
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • 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: 971
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,284
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,219
  • Building Area: 2,219
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,219
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000282
  • 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: HB

Geography

  • District: 213
  • Parcel: NREA M:012.0 B:0000 L:0162.0
  • Lot: 162.0
  • Municipality: NORTH READING
  • Latitude: 42.5954
  • Longitude: -71.1158

    Address

  • Full Address: 2 Fairway Rd
  • Address - House Number: 2
  • Address - Street Name: Fairway
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: R051
  • 4-Digit Zip Code: 1388
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,182,000

    Appraisal Valuation

  • Standard Deviation: 0.1764
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,032,813
  • High Value: 1,215,028
  • Low Value: 850,598

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $894,800
  • Assessed Land Value: $366,500
  • Assessed Improvements Value: $528,300

    Sales

  • Current Sale Contract Date: Nov 05, 2021
  • Current Sale Recording Date: Nov 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 243007
  • Previous Sale Recording Date: Mar 02, 2000
  • Previous Sale Amount: $350,000
  • 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 years ago
Data Source: MLS PIN, MLS# 30369295

Frequently Asked Questions

When was property at 2 Fairway Road built and last sold?
The property at 2 Fairway Road was built in 1999 and last sold on Nov 5, 2021 for $960,000.
How much is this home worth?
The estimated value of the home located at 2 Fairway Road is $0.
What are some comparable homes to 2 Fairway Road?
There are currently no comparable homes to 2 Fairway Road.
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