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Middlesex
2 Scotland Heights
$540,000
● House - Off Market

2 Scotland Heights

North Reading, MA 01864
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,400 Ft²
$1,140,223
RealtyHop Estimate
107.35%
Since Jun 1, 2012
MA-Boston
Primary Model

About This Property

Truly special! Gambrel Farmhouse located on a private 10-acre lot. An oversized Kitchen w/center island & newer GE Profile double ovens, a stunning full wall fireplace in the open concept LR & DR area.  2nd floor has 3 large bdrms-Master Suite includes a cozy sitting area w/fireplace & walk-in closet. Additional features: Hardwood floors throughout, Screen porch, New Septic, Full in-law suite w/lrg bdrm, LR, kit & bth, 5 stall barn, paddock & pond. This is a must see property!
Unit Size
2,400 Ft²
Days on Market
-
Land Size
10.30 acres
Price per sqft
$229
Property Type
House
Property Taxes
$647
HOA Dues
-
Year Built
1976

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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: 5 months ago (MLSPIN #71339930)

Price History

Date / Event Date Event Price
Apr 24, 2018 Sold
Premium
Sold
May 31, 2012 Sold
Premium
Sold
Feb 17, 2012 Listed by Classified Realty Group $549,900
Listed by Classified Realty Group

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,346
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 448,668
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,419
  • Building Area: 2,419
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,419
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000010300
  • 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: RA

Geography

  • District: 213
  • Parcel: NREA M:037.0 B:0000 L:0002.0
  • Lot: 2.0
  • Municipality: NORTH READING
  • Latitude: 42.5633
  • Longitude: -71.0946

    Address

  • Full Address: 2 Scotland Hts
  • Address - House Number: 2
  • Address - Street Name: Scotland
  • Address - Suffix Type: Hts
  • State: MA
  • City Name: North Reading
  • Carrier Code: C007
  • 4-Digit Zip Code: 2713
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,207,100

    Appraisal Valuation

  • Standard Deviation: 0.1558
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,083,960
  • High Value: 1,252,898
  • Low Value: 915,021

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $913,800
  • Assessed Land Value: $526,000
  • Assessed Improvements Value: $387,800

    Sales

  • Current Sale Recording Date: Apr 24, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 55416
  • Previous Sale Recording Date: May 31, 2012
  • Previous Sale Amount: $540,000
  • 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

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2677 ft²

Average Home Age

65.7 years

Currently For Sale

3239 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: 5 months ago
Data Source: MLS PIN, MLS# 71339930

Frequently Asked Questions

When was property at 2 Scotland Heights built and last sold?
The property at 2 Scotland Heights was built in 1976 and last sold on Jan 1, 1970 for $116,134.
How much is this home worth?
The estimated value of the home located at 2 Scotland Heights is $580,805.
What are some comparable homes to 2 Scotland Heights?
There are currently no comparable homes to 2 Scotland Heights.
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