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Middlesex
3 Tower Hill Road
Photo of 3 Tower Hill Road
Sold on Aug 30, 2005

1

Map

$521,500
● House - Off Market

3 Tower Hill Road

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$938,604
RealtyHop Estimate
75.47%
Since Sep 1, 2005
MA-Boston
Primary Model

About This Property

Stunning meticulously maintained Cape within walking dist of Batchelder elementary, middle school, high school & library.1st flr features eat-in kit, granite counters, tile floor, cherry cabinets, 2 built-in ovens plus cook top stove, pantry closet, skylights, LR with fireplace, hardwood, built-ins. DR with hardwood, den, plus full bath. 2nd floor has 3 BR's plus full bath, FR, lower level, gorgeous, private 1.6 acre lot, Young heating system, roof & septic plus numberous updates.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
1.60 acres
Price per sqft
$297
Property Type
House
Property Taxes
$408
HOA Dues
-
Year Built
1947

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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 #70200213)

Price History

Date / Event Date Event Price
Aug 30, 2005 Sold
Premium
Sold
May 30, 2005 Listed $534,900
Listed
Aug 27, 2003 Sold
Premium
Sold
Jun 30, 2003 Listed $479,900
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 2
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • 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: 768
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 69,696
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,542
  • Building Area: 1,542
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,542
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001600
  • 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:054.0 B:0000 L:0014.0
  • Lot: 14.0
  • Municipality: NORTH READING
  • Latitude: 42.5773
  • Longitude: -71.0806

    Address

  • Full Address: 3 Tower Hill Rd
  • Address - House Number: 3
  • Address - Street Name: Tower Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: C006
  • 4-Digit Zip Code: 2421
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $877,800

    Appraisal Valuation

  • Standard Deviation: 0.155
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 832,840
  • High Value: 962,001
  • Low Value: 703,679

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $664,500
  • Assessed Land Value: $395,000
  • Assessed Improvements Value: $269,500

    Sales

  • Current Sale Recording Date: Aug 30, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00191727
  • Previous Sale Recording Date: Aug 27, 2003
  • Previous Sale Amount: $467,500
  • 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

2698 ft²

Average Home Age

64.7 years

Currently For Sale

3150 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70200213

Frequently Asked Questions

When was property at 3 Tower Hill Road built and last sold?
The property at 3 Tower Hill Road was built in 1947 and last sold on Jan 1, 1970 for $521,500.
How much is this home worth?
The estimated value of the home located at 3 Tower Hill Road is $552,037.
What are some comparable homes to 3 Tower Hill Road?
There are currently no comparable homes to 3 Tower Hill Road.
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