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Middlesex
39 Park Street
$515,000
● House - Off Market

39 Park Street

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,547 Ft²
$653,637
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Looking for a house to call a home? This is it! You won't want to miss out on the opportunity to own a DORMERED CAPE with a 2 CAR ATTACHED GARAGE and BREEZEWAY on a beautiful lush, HALF ACRE LOT! ! Lovingly cared for and lived in by the same family for 56 years, the interior is bright and sunny. The first floor has a very spacious eat-in kitchen and adjoining fireplaced dining room ,  a wonderful family room and a guest bedroom/office with adjacent full bathroom. Upstairs is a large master bedroom, another bedroom and a second full bath. Full unfinished basement can be finished for expansion! Less than 10 minutes to Routes 95 & 93 and conveniently located close to the town common, schools, library and Ipswich River Park and the nearby shops & restaurants of Market Street. Brand new septic system was just installed.
Unit Size
1,547 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$323
Property Type
House
Property Taxes
$583
HOA Dues
-
Year Built
1964

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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: 6 months ago (MLSPIN #72692903)

Price History

Date / Event Date Event Price
Oct 1, 2020 Sold
Premium
Sold
Jul 16, 2020 Listed by Classified Realty Group $499,900
Listed by Classified Realty Group

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 884
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,473
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,547
  • Building Area: 1,547
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,547
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000470
  • 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:060.0 B:0000 L:0021.0
  • Lot: 21.0
  • Municipality: NORTH READING
  • Latitude: 42.5668
  • Longitude: -71.0643

    Address

  • Full Address: 39 Park St
  • Address - House Number: 39
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 2809
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $840,600

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 731,495
  • High Value: 866,956
  • Low Value: 596,034

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $636,300
  • Assessed Land Value: $358,900
  • Assessed Improvements Value: $277,400

    Sales

  • Current Sale Contract Date: Sep 14, 2020
  • Current Sale Recording Date: Oct 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1854955
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

$439

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2714 ft²

Average Home Age

64.9 years

Currently For Sale

3116 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72692903

Frequently Asked Questions

When was property at 39 Park Street built and last sold?
The property at 39 Park Street was built in 1964 and last sold on Sep 14, 2020 for $515,000.
How much is this home worth?
The estimated value of the home located at 39 Park Street is $516,155.
What are some comparable homes to 39 Park Street?
There are currently no comparable homes to 39 Park Street.
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