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Middlesex
42 Chestnut St
$390,000
● House - Off Market

42 Chestnut St

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,440 Ft²
$626,831
RealtyHop Estimate
60.73%
Since Apr 1, 2017
MA-Boston
Primary Model

About This Property

Great opportunity to own in beautiful North Reading.  Adorable 3 bedroom oversized cape with unlimited potential. 2 large bedrooms on the second floor with hardwood floors. Full basement and newer heating system.  Builders, handyman and flippers take notice of this great opportunity.  Quick closing possible!  Title V in hand.
Unit Size
1,440 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$271
Property Type
House
Property Taxes
$503
HOA Dues
-
Year Built
1956

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72115162)

Price History

Date / Event Date Event Price
Mar 17, 2017 Sold
Premium
Sold
Feb 2, 2017 Listed by Coldwell Banker Residential Brokerage - Andover $390,000
Listed by Coldwell Banker Residential Brokerage - Andover

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,440
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • 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:0004.0
  • Lot: 4.0
  • Municipality: NORTH READING
  • Latitude: 42.5641
  • Longitude: -71.0714

    Address

  • Full Address: 42 Chestnut St
  • Address - House Number: 42
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 2821
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $803,400

    Appraisal Valuation

  • Standard Deviation: 0.1798
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 709,160
  • High Value: 836,679
  • Low Value: 581,641

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $608,200
  • Assessed Land Value: $358,600
  • Assessed Improvements Value: $249,600

    Sales

  • Current Sale Recording Date: Mar 17, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 40242
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

2673 ft²

Average Home Age

65.5 years

Currently For Sale

3349 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: 5 months ago
Data Source: MLS PIN, MLS# 72115162

Frequently Asked Questions

When was property at 42 Chestnut Street built and last sold?
The property at 42 Chestnut Street was built in 1956 and last sold on Jan 1, 1970 for $390,000.
How much is this home worth?
The estimated value of the home located at 42 Chestnut Street is $407,384.
What are some comparable homes to 42 Chestnut Street?
There are currently no comparable homes to 42 Chestnut Street.
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