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Middlesex
3 Marshall St
Photo of 3 Marshall St
Sold on Aug 4, 2025

22

Map

Photo of 3 Marshall St
Photo of 3 Marshall St
$775,000
● House - Off Market

3 Marshall St

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,615 Ft²
$4,232
Est. Monthly
4.47%
Cap Rate

About This Property

Value-add opportunity knocks in sought-after Chestnut Village! Ready for your vision, this delightful home offers solid bones, a great layout, and a spacious yet cozy feel. Nestled on a generously sized picturesque wooded lot surrounded by mature shade trees and a tranquil landscape. On the main level is a living room with a gas fireplace sharing an open floor plan with the dining room. Off of the dining room are the kitchen and three season sunroom. A small hallway off of the kitchen offers a half-bath. A large bonus skylit family room with a soaring ceiling and electric stove complete the first floor. The second level offers a full bath and three bedrooms. Basement and large attic offer excellent future expansion opportunities. Property needs updating, sold as is.
Unit Size
1,615 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$433
Property Type
House
Property Taxes
$794
HOA Dues
-
Year Built
1958

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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: 2 years ago (MLSPIN #73395373)

Price History

Date / Event Date Event Price
Aug 4, 2025 Sold
Premium
Sold
Jun 26, 2025 In contract -
In contract
Jun 23, 2025 Listed $700,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Total Rooms: 7
  • 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: 675
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,615
  • Building Area: 1,615
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,615
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • 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:056.0 B:0000 L:0021.0
  • Lot: 21.0
  • Municipality: NORTH READING
  • Latitude: 42.5638
  • Longitude: -71.0728

    Address

  • Full Address: 3 Marshall St
  • Address - House Number: 3
  • Address - Street Name: Marshall
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 3012
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $912,500

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 788,610
  • High Value: 918,355
  • Low Value: 658,866

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $690,800
  • Assessed Land Value: $387,500
  • Assessed Improvements Value: $303,300
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

2699 ft²

Average Home Age

64.7 years

Currently For Sale

3156 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: 2 years ago
Data Source: MLS PIN, MLS# 73395373

Frequently Asked Questions

When was property at 3 Marshall Street built and last sold?
The property at 3 Marshall Street was built in 1958 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3 Marshall Street is $0.
What are some comparable homes to 3 Marshall Street?
There are currently no comparable homes to 3 Marshall Street.
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