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Middlesex
22 Peter Road
$335,000
● House - Off Market

22 Peter Road

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,205 Ft²
$631,261
RealtyHop Estimate
82.97%
Since Dec 1, 2014
MA-Boston
Primary Model

About This Property

You won't want to miss out on this opportunity to own a one level ranch in a great family oriented neighborhood! The roof is 2 years old and the exterior has just been newly painted! This home features a beautiful spacious back yard for great outdoor enjoyment. The interior is bright and sunny with a very spacious kitchen/dining room combination!  Cozy living room has a wood burning fireplace for the cooler months. Full basement with bomb shelter and many possibilities. Conveniently located to the areas many amenities, shopping and schools are just minutes away. This home has been well cared for and maintained, needs your personal touch.
Unit Size
1,205 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$286
Property Type
House
Property Taxes
$437
HOA Dues
-
Year Built
1959

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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 #71739574)

Price History

Date / Event Date Event Price
Nov 10, 2014 Sold
Premium
Sold
Sep 8, 2014 Listed by LAER Realty Partners $345,000
Listed by LAER Realty Partners

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,168
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,473
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,301
  • Building Area: 2,301
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,301
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000470
  • 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:030.0 B:0000 L:0007.0
  • Lot: 7.0
  • Municipality: NORTH READING
  • Latitude: 42.5998
  • Longitude: -71.0947

    Address

  • Full Address: 22 Peter Rd
  • Address - House Number: 22
  • Address - Street Name: Peter
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: C005
  • 4-Digit Zip Code: 1418
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,036,100

    Appraisal Valuation

  • Standard Deviation: 0.1558
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 963,847
  • High Value: 1,114,066
  • Low Value: 813,628

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $784,300
  • Assessed Land Value: $363,000
  • Assessed Improvements Value: $421,300

    Sales

  • Current Sale Recording Date: Nov 10, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1685148
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71739574

Frequently Asked Questions

When was property at 22 Peter Road built and last sold?
The property at 22 Peter Road was built in 1959 and last sold on Jan 1, 1970 for $335,000.
How much is this home worth?
The estimated value of the home located at 22 Peter Road is $358,685.
What are some comparable homes to 22 Peter Road?
There are currently no comparable homes to 22 Peter Road.
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