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Middlesex
21 Pine Ridge Road
$1,067,000
● House - Off Market

21 Pine Ridge Road

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,020 Ft²
$873,249
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

WELCOME HOME! This home sits on a flat, large lot in one of North Readings most desired neighborhoods. The pride of ownership is evident in every aspect of this home, whether it is interior or exterior. The current home owners added a beautiful 3rd floor with 3 bedrooms, 2 full baths in 2005, changing a split into a magnificent contemporary. The main living area has an open concept with kitchen, dining and sunroom, there is a media/family room and sitting room down the hall plus a full bath. The lower level has a fireplaced family room and home office as well as a half bath and 2 car garage. The backyard is like a resort with beautiful perennial gardens, an inground pool, fire pit and one of the nicest tree houses.  The septic has failed but will be replaced at the owner's expense. Welcome Home to North Reading!!!
Unit Size
3,020 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$281
Property Type
House
Property Taxes
$847
HOA Dues
-
Year Built
1964

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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 #72979528)

Price History

Date / Event Date Event Price
Jul 22, 2022 Sold
Premium
Sold
May 11, 2022 Listed by Coldwell Banker Realty - North Reading $849,000
Listed by Coldwell Banker Realty - North Reading
Mar 2, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • 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: 1,152
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 40,075
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,520
  • Building Area: 2,520
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,520
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000920
  • 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:031.0 B:0000 L:0020.0
  • Lot: 20.0
  • Municipality: NORTH READING
  • Latitude: 42.5961
  • Longitude: -71.1015

    Address

  • Full Address: 21 Pine Ridge Rd
  • Address - House Number: 21
  • Address - Street Name: Pine Ridge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 1402
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,200,400

    Appraisal Valuation

  • Standard Deviation: 0.1764
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,073,858
  • High Value: 1,263,314
  • Low Value: 884,402

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $908,700
  • Assessed Land Value: $383,900
  • Assessed Improvements Value: $524,800

    Sales

  • Current Sale Contract Date: Jul 22, 2022
  • Current Sale Recording Date: Jul 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 112429
  • Previous Sale Recording Date: Mar 02, 1992
  • Previous Sale Amount: $172,500
  • 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:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2683 ft²

Average Home Age

62.9 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72979528

Frequently Asked Questions

When was property at 21 Pine Ridge Road built and last sold?
The property at 21 Pine Ridge Road was built in 1964 and last sold on Jul 22, 2022 for $1,067,000.
How much is this home worth?
The estimated value of the home located at 21 Pine Ridge Road is $902,366.
What are some comparable homes to 21 Pine Ridge Road?
There are currently no comparable homes to 21 Pine Ridge Road.
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