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Middlesex
28 Southwick Rd
$502,000
● House - Off Market

28 Southwick Rd

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,372 Ft²
$821,576
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

This is the kind of neighborhood you may have dreamed of...wide, quiet street, well-maintained houses set back, and large front and back yards. Step inside this lovingly cared for warm and comfortable home, featuring 3 bedrooms, hardwood floors throughout, and good closet space. Every window has custom-built wooden shutters. The large 26 x 24 detached ultimate workshop is two stories for added storage, and has a/c, heat, electricity, automatic dust vacuum system and running water. A handyman's dream! There is a separate shed for lawn care equipment to maintain your private, partially fenced yard. This is a wonderful Garrison Colonial in a fantastic, highly desirable neighborhood, convenient to Rt. 93 and is in the E. Ethel Little elementary school district.
Unit Size
1,372 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$364
Property Type
House
Property Taxes
$604
HOA Dues
-
Year Built
1966

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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 months ago (MLSPIN #72084562)

Price History

Date / Event Date Event Price
Dec 15, 2016 Sold
Premium
Sold
Oct 21, 2016 Listed by Century 21 Commonwealth $499,900
Listed by Century 21 Commonwealth

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 16
  • 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: 792
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,824
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,372
  • Building Area: 1,372
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,372
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000501
  • 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: 330202

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:017.0 B:0000 L:0034.0
  • Lot: 34.0
  • Municipality: NORTH READING
  • Latitude: 42.571
  • Longitude: -71.1195

    Address

  • Full Address: 28 Southwick Rd
  • Address - House Number: 28
  • Address - Street Name: Southwick
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: R052
  • 4-Digit Zip Code: 2130
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $908,700

    Appraisal Valuation

  • Standard Deviation: 0.155
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 784,701
  • High Value: 906,396
  • Low Value: 663,006

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $687,900
  • Assessed Land Value: $387,700
  • Assessed Improvements Value: $300,200

    Sales

  • Current Sale Recording Date: Dec 15, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 226120
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: 5 months ago
Data Source: MLS PIN, MLS# 72084562

Frequently Asked Questions

When was property at 28 Southwick Road built and last sold?
The property at 28 Southwick Road was built in 1966 and last sold on Jan 1, 1970 for $502,000.
How much is this home worth?
The estimated value of the home located at 28 Southwick Road is $511,917.
What are some comparable homes to 28 Southwick Road?
There are currently no comparable homes to 28 Southwick Road.
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