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Middlesex
40 Hickory Lane
$456,000
● House - Off Market

40 Hickory Lane

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,962 Ft²
$978,080
RealtyHop Estimate
108.15%
Since Dec 1, 2012
MA-Boston
Primary Model

About This Property

LOCATION, LOCATION!  FABULOUS CHESTNUT VILLAGE LOCTION, ONE OWNER CUSTOM CAPE perched on WOODED CORNER LOT in SOUGHT AFTER BATCHELDER SCHOOL district,  PERFECT for COMFORTABLE everyday living.  WIDE MAPLE FLOOR, GRANITE AND STAINLESS KITCHEN, MATURE LANDSCAPING, LOW MAINTENANCE ACRE LOT. WALK OUT BASEMENT with HIGH CEILING ready to finish.
Unit Size
1,962 Ft²
Days on Market
-
Land Size
1.14 acres
Price per sqft
$240
Property Type
House
Property Taxes
$562
HOA Dues
-
Year Built
1991

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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 #71432226)

Price History

Date / Event Date Event Price
Jun 23, 2020 Sold
Premium
Sold
Nov 30, 2012 Sold
Premium
Sold
Sep 8, 2012 Listed by RE/MAX Heritage, LLC $469,900
Listed by RE/MAX Heritage, LLC

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1,168
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,658
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,962
  • Building Area: 1,962
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,962
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001140
  • 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:057.0 B:0000 L:0019.0
  • Lot: 19.0
  • Municipality: NORTH READING
  • Latitude: 42.5605
  • Longitude: -71.0748

    Address

  • Full Address: 40 Hickory Ln
  • Address - House Number: 40
  • Address - Street Name: Hickory
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: North Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 3025
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $997,600

    Appraisal Valuation

  • Standard Deviation: 0.155
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 856,239
  • High Value: 989,029
  • Low Value: 723,450

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $755,200
  • Assessed Land Value: $414,200
  • Assessed Improvements Value: $341,000

    Sales

  • Current Sale Contract Date: Jun 17, 2020
  • Current Sale Recording Date: Jun 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 98370
  • Previous Sale Recording Date: Nov 30, 2012
  • Previous Sale Amount: $456,000
  • 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:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2683 ft²

Average Home Age

62.9 years

Currently For Sale

3239 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# 71432226

Frequently Asked Questions

When was property at 40 Hickory Lane built and last sold?
The property at 40 Hickory Lane was built in 1991 and last sold on Jun 17, 2020 for $640,000.
How much is this home worth?
The estimated value of the home located at 40 Hickory Lane is $495,962.
What are some comparable homes to 40 Hickory Lane?
There are currently no comparable homes to 40 Hickory Lane.
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