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Middlesex
302 Elm Street
$315,000
● House - Off Market

302 Elm Street

North Reading, MA 01864
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,182 Ft²
$619,593
RealtyHop Estimate
101.82%
Since Nov 1, 2003
MA-Boston
Primary Model

About This Property

LOTS OF IMPROVEMENTS TO THIS CHARMING RANCH, GREAT 1ST TIME BUYERS HOUSE.ACRE LOT FOR EXPANSION POSSIBILITIES.CENTRAL AIR,NEWER KITCH.HW FLRS.,NEWER STORMS,RECENTLY PAINTED EXT., ARE JUST A FEW OF THE AMENETIES. A GREAT ALT.TO A CONDO.
Unit Size
1,182 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$260
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1956

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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 years ago (MLSPIN #30766750)

Price History

Date / Event Date Event Price
Apr 22, 2014 Sold
Premium
Sold
Oct 24, 2003 Sold
Premium
Sold
Sep 10, 2003 Listed by Century 21 North Shore $307,000
Listed by Century 21 North Shore

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,182
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,498
  • Building Area: 2,498
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,498
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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:0057.0
  • Lot: 57.0
  • Municipality: NORTH READING
  • Latitude: 42.5771
  • Longitude: -71.0774

    Address

  • Full Address: 302 Elm St
  • Address - House Number: 302
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: C007
  • 4-Digit Zip Code: 2525
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,038,200

    Appraisal Valuation

  • Standard Deviation: 0.1748
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 957,143
  • High Value: 1,124,528
  • Low Value: 789,757

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $785,900
  • Assessed Land Value: $387,700
  • Assessed Improvements Value: $398,200

    Sales

  • Current Sale Recording Date: Apr 22, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 50133
  • Previous Sale Recording Date: Oct 24, 2003
  • Previous Sale Amount: $315,000
  • 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:

$819,900

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2704 ft²

Average Home Age

65.5 years

Currently For Sale

3310 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 years ago
Data Source: MLS PIN, MLS# 30766750

Frequently Asked Questions

When was property at 302 Elm Street built and last sold?
The property at 302 Elm Street was built in 1956 and last sold on Jan 1, 1970 for $470,500.
How much is this home worth?
The estimated value of the home located at 302 Elm Street is $324,100.
What are some comparable homes to 302 Elm Street?
There are currently no comparable homes to 302 Elm Street.
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