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Middlesex
3 Edgewood Ter
$325,000
● House - Off Market

3 Edgewood Ter

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,224 Ft²
$425,801
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model

About This Property

Welcome to 3 Edgewood Terrace,  this lovely home is nestled in a quiet neighborhood and has great bones featuring three generously sized bedrooms,  one bath and a nice kitchen. Walkout to the private backyard, a nature lovers paradise with perennials blooming and meticulous landscaping. Pride of ownership shows throughout this home. Convenient location close to all North Reading offers with easy access to HWY 93 via Rt 125, 30 mins from boston. Not far from this home is Martins Pond offering fishing, boating, a children's tot park and annual events for all - Great value and a wonderful opportunity to get into this highly desirable community! Open house Saturday 7/15 3:30- 5pm
Unit Size
1,224 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$350
Property Type
House
Property Taxes
$458
HOA Dues
-
Year Built
1930

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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 #73121290)

Price History

Date / Event Date Event Price
Aug 25, 2023 Sold
Premium
Sold
Aug 2, 2023 In contract -
In contract
Jul 13, 2023 Relisted $428,900
Relisted
Jun 28, 2023 In contract -
In contract
Jun 7, 2023 Listed by Cameron Prestige, LLC $428,900
Listed by Cameron Prestige, LLC

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 1,224
  • Gross Building Area: 1,224
  • Building Area: 1,224
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,224
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000150
  • 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: 330200

Zoning

  • Zoning: RB

Geography

  • Parcel: NREA M:08-P:229
  • Municipality: NORTH READING
  • Latitude: 42.5937
  • Longitude: -71.1282

    Address

  • Full Address: 3 Edgewood Ter
  • Address - House Number: 3
  • Address - Street Name: Edgewood
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: North Reading
  • Carrier Code: R001
  • 4-Digit Zip Code: 1150
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $532,751

    Appraisal Valuation

  • Standard Deviation: 0.1347
  • Valuation Date: Jun 23, 2021
  • Confidence Score: 84
  • Final Value: 430,478
  • High Value: 488,502
  • Low Value: 372,454

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $331,600
  • Assessed Land Value: $241,100
  • Assessed Improvements Value: $90,500
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

2683 ft²

Average Home Age

62.9 years

Currently For Sale

3239 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# 73121290

Frequently Asked Questions

When was property at 3 Edgewood Terrace built and last sold?
The property at 3 Edgewood Terrace was built in 1930 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3 Edgewood Terrace is $439,780.
What are some comparable homes to 3 Edgewood Terrace?
There are currently no comparable homes to 3 Edgewood Terrace.
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