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Middlesex
475 Park Street
$530,000
● House - Off Market

475 Park Street

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$545,304
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model

About This Property

Charming solid home with tons of potential. One owner home, lovely maintained. This one owner home sits on a beautiful large lot on the very quiet side of Park Street. The home is located in a very convient location close to highways and public transportation in Wilmington and Reading. Nice landscaping, cozy three season porch, new heating system, newer hot water tank. Come with your creative ideas and make  North Reading and this charming house your home. The potential for this home is endless, it was built years ago with quality craftsmanship and details for its time. Call today to see this very rare opportunity in North Reading.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
1.26 acres
Price per sqft
$336
Property Type
House
Property Taxes
$562
HOA Dues
-
Year Built
1955

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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 years ago (MLSPIN #72856277)

Price History

Date / Event Date Event Price
Oct 29, 2021 Sold
Premium
Sold
Jul 7, 2021 Listed by RE/MAX 360 $480,000
Listed by RE/MAX 360

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,886
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,428
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001260
  • 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:004.0 B:0000 L:0036.0
  • Lot: 36.0
  • Municipality: NORTH READING
  • Latitude: 42.569
  • Longitude: -71.1295

    Address

  • Full Address: 475 Park St
  • Address - House Number: 475
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: R052
  • 4-Digit Zip Code: 2005
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $779,500

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 659,891
  • High Value: 768,458
  • Low Value: 551,324

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $590,100
  • Assessed Land Value: $386,500
  • Assessed Improvements Value: $203,600

    Sales

  • Current Sale Contract Date: Oct 29, 2021
  • Current Sale Recording Date: Oct 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 238537
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

65.3 years

Currently For Sale

3213 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 years ago
Data Source: MLS PIN, MLS# 72856277

Frequently Asked Questions

When was property at 475 Park Street built and last sold?
The property at 475 Park Street was built in 1955 and last sold on Oct 29, 2021 for $530,000.
How much is this home worth?
The estimated value of the home located at 475 Park Street is $0.
What are some comparable homes to 475 Park Street?
There are currently no comparable homes to 475 Park Street.
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