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Middlesex
31 Chestnut Street
$729,900
● House - Off Market

31 Chestnut Street

North Reading, MA 01864
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,965 Ft²
$1,323,277
RealtyHop Estimate
81.30%
Since Aug 1, 2014
MA-Boston
Primary Model

About This Property

QUALITY BUILT NEW CONSTRUCTION close to TOWN CENTER, SET ON A BEAUTIFUL KNOLL.!  TIME TO CHOOSE YOUR COLORS!  CUSTOM KITCHEN, GRANITE COUNTER TOPS, HARDWOOD FLOORS THROUGHOUT!,  SPACIOUS FAMILY ROOM with NATURAL GAS FIREPLACE!  FORMAL LIVING ROOM, FORMAL DININGROOM with CROWN MOLDING, CHAIR RAIL, WAINSCOTTING plus 1ST FLOOR STUDY/OFFICE.  FOUR GENEROUS BEDROOMS, ALL WITH HARDWOOD FLOORS, MASTER SUITE HAS 16X8 WALK IN CLOSET.   FULL STAIRCASE TO WALKUP THIRD FLOOR with ADDITIONAL 850 S.F OF POTENTIAL LIVING SPACE plus  FULL WALK-OUT BASEMENT READY FOR YOUR IDEAS has FULL WINDOWS and DOOR LEADING TO PRIVATE BACK YARD..
Unit Size
2,965 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$246
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2014

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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: 5 months ago (MLSPIN #71650149)

Price History

Date / Event Date Event Price
Jul 11, 2014 Sold
Premium
Sold
Mar 26, 2014 Listed by RE/MAX Leading Edge $729,900
Listed by RE/MAX Leading Edge
Oct 3, 2013 Sold
Premium
Sold
Aug 30, 2013 Listed by RE/MAX Leading Edge $299,900
Listed by RE/MAX Leading Edge
Nov 5, 2009 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 2
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,357
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,341
  • Building Area: 2,341
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,341
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • 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:0083.0
  • Lot: 83.0
  • Municipality: NORTH READING
  • Latitude: 42.5643
  • Longitude: -71.0698

    Address

  • Full Address: 31 Chestnut St
  • Address - House Number: 31
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 2815
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,205,000

    Appraisal Valuation

  • Standard Deviation: 0.1266
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 85
  • Final Value: 1,039,017
  • High Value: 1,170,571
  • Low Value: 907,462

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $912,200
  • Assessed Land Value: $395,500
  • Assessed Improvements Value: $516,700

    Sales

  • Current Sale Recording Date: Jul 11, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1675556
  • Previous Sale Recording Date: Oct 03, 2013
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: O
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:

$814,950

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2672 ft²

Average Home Age

65.8 years

Currently For Sale

3261 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: 5 months ago
Data Source: MLS PIN, MLS# 71650149

Frequently Asked Questions

When was property at 31 Chestnut Street built and last sold?
The property at 31 Chestnut Street was built in 2014 and last sold on Jan 1, 1970 for $729,900.
How much is this home worth?
The estimated value of the home located at 31 Chestnut Street is $765,617.
What are some comparable homes to 31 Chestnut Street?
There are currently no comparable homes to 31 Chestnut Street.
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