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Middlesex
405 Park St
$413,000
● House - Off Market

405 Park St

North Reading, MA 01864
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,020 Ft²
$592,870
RealtyHop Estimate
44.96%
Since Apr 1, 2019
MA-Boston
Primary Model

About This Property

Offers due Tuesday, February 5th at noon.  Come see this bright and charming move-in ready Ranch. With hardwood floors throughout, this two-bedroom, one-full bath home comes complete with a fantastic finished basement, with oak laminate flooring and a cozy reading alcove for all to enjoy!  The updated kitchen with granite countertops and a kitchen island is perfect for entertaining. Be sure to light a fire in the living room's fireplace when you cozy up for movie night. In the dining room, just off the kitchen, you'll find a sliding door that accesses the spacious wood deck and large yard. The attached two-car garage is an added feature you're sure to enjoy, especially during the New England winters. You won't want to miss this beautiful North Reading home!
Unit Size
1,020 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$401
Property Type
House
Property Taxes
$512
HOA Dues
-
Year Built
1941

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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 #72447292)

Price History

Date / Event Date Event Price
Mar 18, 2019 Sold
Premium
Sold
Jan 30, 2019 Listed by Keller Williams Realty $409,000
Listed by Keller Williams Realty
Apr 25, 2014 Sold
Premium
Sold
Mar 4, 2014 Listed by Keller Williams Realty $349,900
Listed by Keller Williams Realty
Jun 30, 2005 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 864
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,208
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,020
  • Building Area: 1,020
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,020
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000418
  • 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: 330202

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:018.0 B:0000 L:0060.0
  • Lot: 60.0
  • Municipality: NORTH READING
  • Latitude: 42.5659
  • Longitude: -71.1179

    Address

  • Full Address: 405 Park St
  • Address - House Number: 405
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: R052
  • 4-Digit Zip Code: 2106
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $730,800

    Appraisal Valuation

  • Standard Deviation: 0.1674
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 603,907
  • High Value: 705,049
  • Low Value: 502,765

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $553,200
  • Assessed Land Value: $354,700
  • Assessed Improvements Value: $198,500

    Sales

  • Current Sale Contract Date: Feb 22, 2019
  • Current Sale Recording Date: Mar 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32929
  • Previous Sale Recording Date: Apr 25, 2014
  • Previous Sale Amount: $352,500
  • 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:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2707 ft²

Average Home Age

65 years

Currently For Sale

3272 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: 5 months ago
Data Source: MLS PIN, MLS# 72447292

Frequently Asked Questions

When was property at 405 Park Street built and last sold?
The property at 405 Park Street was built in 1941 and last sold on Feb 22, 2019 for $413,000.
How much is this home worth?
The estimated value of the home located at 405 Park Street is $410,262.
What are some comparable homes to 405 Park Street?
There are currently no comparable homes to 405 Park Street.
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