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Middlesex
24 Cedar St
$337,000
● House - Off Market

24 Cedar St

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,292 Ft²
$643,823
RealtyHop Estimate
89.42%
Since Sep 1, 2013
MA-Boston
Primary Model

About This Property

Build up or out potential-plans in hand! Enjoy birds/brook from sunroom, pond across road. This is the life! Newer roof (2000) utilities, windows, 2005 updated kitchen w/corian & appliances, carpet, new paint, open floor plan w/dining area to fireplaced living room. Generous size bedrooms. Basement/bath for man town & family living. Heated garage under & shed afford all the conveniences you want! Greenhouse in back needs work. Wall A/Cs for mid-summer cool! Near schools/IpswichPark /town!
Unit Size
1,292 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$263
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1957

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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 #71538045)

Price History

Date / Event Date Event Price
Jan 15, 2021 Sold
Premium
Sold
Nov 12, 2020 Listed by RE/MAX Leading Edge $499,999
Listed by RE/MAX Leading Edge
Aug 16, 2013 Sold
Premium
Sold
Jun 7, 2013 Listed by RE/MAX Leading Edge $339,900
Listed by RE/MAX Leading Edge

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,008
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,477
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000516
  • 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:040.0 B:0000 L:0018.0
  • Lot: 18.0
  • Municipality: NORTH READING
  • Latitude: 42.5663
  • Longitude: -71.0883

    Address

  • Full Address: 24 Cedar St
  • Address - House Number: 24
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: C007
  • 4-Digit Zip Code: 2702
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $780,600

    Appraisal Valuation

  • Standard Deviation: 0.1609
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 664,311
  • High Value: 771,241
  • Low Value: 557,382

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $590,900
  • Assessed Land Value: $388,500
  • Assessed Improvements Value: $202,400

    Sales

  • Current Sale Contract Date: Jan 11, 2021
  • Current Sale Recording Date: Jan 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 10177
  • Previous Sale Recording Date: Aug 16, 2013
  • Previous Sale Amount: $337,000
  • 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:

$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 months ago
Data Source: MLS PIN, MLS# 71538045

Frequently Asked Questions

When was property at 24 Cedar Street built and last sold?
The property at 24 Cedar Street was built in 1957 and last sold on Jan 11, 2021 for $530,000.
How much is this home worth?
The estimated value of the home located at 24 Cedar Street is $510,344.
What are some comparable homes to 24 Cedar Street?
There are currently no comparable homes to 24 Cedar Street.
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