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Middlesex
24 Park Street
$420,000
● House - Off Market

24 Park Street

North Reading, MA 01864
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,296 Ft²
$555,562
RealtyHop Estimate
14.57%
Since Aug 1, 2021
MA-Boston
Primary Model

About This Property

Attention Cash buyers. Opportunity to build THE HOME OF YOUR DREAMS on this private lot close to the Lynnfield line! Set back off of the road, on the eastern quiet part of Park Street, offering plenty of land to explore - 7 PLUS ACRES!  This home is believed to be a tear down.  Buyers to do due diligence, seller does not make any representation.
Unit Size
1,296 Ft²
Days on Market
-
Land Size
7.14 acres
Price per sqft
$374
Property Type
House
Property Taxes
$614
HOA Dues
-
Year Built
2022

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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 years ago (MLSPIN #72813574)

Price History

Date / Event Date Event Price
Sep 2, 2021 Sold
Premium
Sold
Jul 1, 2021 Sold
Premium
Sold
Apr 13, 2021 Listed by The Central Group $484,900
Listed by The Central Group

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 2
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 300
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 311,018
  • Lot Size Frontage Feet: 0
  • Total Building Area: 5,387
  • Building Area: 5,387
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,387
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000007140
  • 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:060.0 B:0000 L:0018.0
  • Lot: 18.0
  • Municipality: NORTH READING
  • Latitude: 42.5669
  • Longitude: -71.0677

    Address

  • Full Address: 24 Park St
  • Address - House Number: 24
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 2827
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,995,400

    Appraisal Valuation

  • Standard Deviation: 0.1569
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,197,553
  • High Value: 1,385,465
  • Low Value: 1,009,642

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,510,500
  • Assessed Land Value: $458,200
  • Assessed Improvements Value: $1,052,300

    Sales

  • Current Sale Contract Date: Sep 01, 2021
  • Current Sale Recording Date: Sep 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 197253
  • Previous Sale Recording Date: Jul 01, 2021
  • Previous Sale Contract Date: Jun 29, 2021
  • Previous Sale Amount: $420,000
  • 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:

$819,900

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2710 ft²

Average Home Age

65.4 years

Currently For Sale

3257 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 years ago
Data Source: MLS PIN, MLS# 72813574

Frequently Asked Questions

When was property at 24 Park Street built and last sold?
The property at 24 Park Street was built in 2022 and last sold on Sep 1, 2021 for $435,000.
How much is this home worth?
The estimated value of the home located at 24 Park Street is $0.
What are some comparable homes to 24 Park Street?
There are currently no comparable homes to 24 Park Street.
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