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Middlesex
29 Leland Road
$200,000
● House - Off Market

29 Leland Road

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,440 Ft²
$352,084
RealtyHop Estimate
76.04%
Since Jun 1, 2015
MA-Boston
Primary Model

About This Property

Investors! Previously approved shortsale! Property is in poor condition please be careful. Home needs a whole new septic system, heating system, hot water heater, some work needs to be done porch etc. Property has been flooded numerous times. It is located in a flood zone. Please note taxes are for 2014
Unit Size
1,440 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$139
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1950

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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 #71797869)

Price History

Date / Event Date Event Price
May 29, 2015 Sold
Premium
Sold
Mar 4, 2015 Listed by Century 21 North Shore $200,000
Listed by Century 21 North Shore
Apr 7, 2011 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 21
  • 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: 744
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,958
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,440
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000550
  • 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:025.0 B:0000 L:0012.0
  • Lot: 12.0
  • Municipality: NORTH READING
  • Latitude: 42.5794
  • Longitude: -71.1145

    Address

  • Full Address: 29 Leland Rd
  • Address - House Number: 29
  • Address - Street Name: Leland
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: R053
  • 4-Digit Zip Code: 1605
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $679,000

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 621,976
  • High Value: 737,156
  • Low Value: 506,797

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $514,000
  • Assessed Land Value: $362,500
  • Assessed Improvements Value: $151,500

    Sales

  • Current Sale Recording Date: May 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 80845
  • Previous Sale Recording Date: Apr 07, 2011
  • Previous Sale Amount: $2,725
  • Previous Sale Document Type: 27
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:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2675 ft²

Average Home Age

62.7 years

Currently For Sale

3269 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# 71797869

Frequently Asked Questions

When was property at 29 Leland Road built and last sold?
The property at 29 Leland Road was built in 1950 and last sold on Jan 1, 1970 for $200,000.
How much is this home worth?
The estimated value of the home located at 29 Leland Road is $225,297.
What are some comparable homes to 29 Leland Road?
There are currently no comparable homes to 29 Leland Road.
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