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Middlesex
2 Sumner St
$349,900
● House - Off Market

2 Sumner St

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,618 Ft²
$600,067
RealtyHop Estimate
71.50%
Since Apr 1, 2016
MA-Boston
Primary Model

About This Property

Great location for this adorable cape with complete first floor living. First floor consists of an eat in kitchen, formal dining room, formal fire placed living room, master bedroom, as well as an 18 x 18 family room off kitchen with access to a  12 x 20 deck and a lovely back yard . Home also offers a  first floor 8 x 9  laundry room and full bath on both floors. Upstairs need some TLC to make it bright and sunny with two smaller bedrooms and an office.  Great location for commuters with easy access to major roads and highways!!
Unit Size
1,618 Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$216
Property Type
House
Property Taxes
$458
HOA Dues
-
Year Built
1930

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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 #71906739)

Price History

Date / Event Date Event Price
Jun 14, 2022 Sold
Premium
Sold
May 4, 2021 Sold
Premium
Sold
Apr 7, 2021 No longer available -
No longer available
Mar 30, 2021 Listed by EXIT Premier Real Estate $399,000
Listed by EXIT Premier Real Estate
Mar 8, 2016 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning
Fireplace
Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 980
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,848
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,108
  • Building Area: 2,108
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,108
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000800
  • 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: 330202

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:004.0 B:0000 L:0050.0
  • Lot: 50.0
  • Municipality: NORTH READING
  • Latitude: 42.5711
  • Longitude: -71.1283

    Address

  • Full Address: 2 Summer St
  • Address - House Number: 2
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: R052
  • 4-Digit Zip Code: 2026
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $838,600

    Appraisal Valuation

  • Standard Deviation: 0.1553
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 720,615
  • High Value: 832,530
  • Low Value: 608,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $634,800
  • Assessed Land Value: $374,300
  • Assessed Improvements Value: $260,500

    Sales

  • Current Sale Contract Date: Jun 13, 2022
  • Current Sale Recording Date: Jun 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 89077
  • Previous Sale Recording Date: May 04, 2021
  • Previous Sale Contract Date: Apr 15, 2021
  • Previous Sale Amount: $505,000
  • 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

$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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71906739

Frequently Asked Questions

When was property at 2 Sumner Street built and last sold?
The property at 2 Sumner Street was built in 1930 and last sold on Jun 13, 2022 for $665,000.
How much is this home worth?
The estimated value of the home located at 2 Sumner Street is $430,672.
What are some comparable homes to 2 Sumner Street?
There are currently no comparable homes to 2 Sumner Street.
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