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Middlesex
255 Elm Street
$350,000
● House - Off Market

255 Elm Street

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,187 Ft²
$795,159
RealtyHop Estimate
106.59%
Since Aug 1, 2003
MA-Boston
Primary Model

About This Property

ANTIQUE CENTER ENTRANCE COLONIAL, 6RMS & 4RM INLAW OR AUPAIR APPARTMENT, 4 FIREPLACES, SEPARATE ENTRANCES & PARKING, 3 SEASON BREEZEWAY & 2 CAR GARAGE. LOVELY CORNER LOT WITHIN WALKING DISTANCE TO TOWN & SCHOOL. SEPARATE UTILITIES.
Unit Size
2,187 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$176
Property Type
House
Property Taxes
$269
HOA Dues
-
Year Built
1810

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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 years ago (MLSPIN #30700425)

Price History

Date / Event Date Event Price
Jul 31, 2003 Sold
Premium
Sold
Mar 5, 2003 Listed by Century 21 Spindler & O'Neil Associates $384,900
Listed by Century 21 Spindler & O'Neil Associates

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1810
  • Effective Year Built: 1810
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 936
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,636
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,403
  • Building Area: 2,403
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,403
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000336
  • 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: 330101

Zoning

  • Zoning: RB

Geography

  • District: 213
  • Parcel: NREA M:062.0 B:0000 L:0050.0
  • Lot: 50.0
  • Municipality: NORTH READING
  • Latitude: 42.5774
  • Longitude: -71.0702

    Address

  • Full Address: 255 Elm St
  • Address - House Number: 255
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: C007
  • 4-Digit Zip Code: 2530
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $774,400

    Appraisal Valuation

  • Standard Deviation: 0.2164
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 826,039
  • High Value: 1,004,868
  • Low Value: 647,210

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $586,200
  • Assessed Land Value: $348,000
  • Assessed Improvements Value: $238,200

    Sales

  • Current Sale Recording Date: Jul 31, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2369
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:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2673 ft²

Average Home Age

65.4 years

Currently For Sale

3328 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 years ago
Data Source: MLS PIN, MLS# 30700425

Frequently Asked Questions

When was property at 255 Elm Street built and last sold?
The property at 255 Elm Street was built in 1810 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 255 Elm Street is $416,155.
What are some comparable homes to 255 Elm Street?
There are currently no comparable homes to 255 Elm Street.
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