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Medford 02155 North Medford
48 Ridgeway Road
$652,500
● House - Off Market

48 Ridgeway Road

Medford, MA 02155
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,412 Ft²
$632,216
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

Welcome to North Medford! Revered for its close proximity to Wrights Park, Spot Pond & Middlesex Fells Reservation, where you can appreciate all nature has to offer, yet enjoy the convenience of the city and area amenities. It's the best of both worlds! Step inside to find a host of updates: newer roof, heating system, windows, and yes – central air! The oversized kitchen was just renovated in 2017, plus vinyl siding, irrigation, partially fenced in yard, plus so much more. Take note of the 7000 sqft lot offering plenty of room to expand & entertain. Walk up attic provides even more expansion possibilities. Loved within the same family since 1925, now it your turn to call this very special home yours. Easy to show with multiple open houses all weekend. Offers kindly requested by noon Tuesday 05/11.
Unit Size
1,412 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$389
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1925

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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 #72827526)

Price History

Date / Event Date Event Price
Jun 24, 2021 Sold
Premium
Sold
May 7, 2021 Listed by Keller Williams Realty Boston-Metro | Back Bay $549,000
Listed by Keller Williams Realty Boston-Metro | Back Bay

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,952
  • Total Building Area: 1,412
  • Gross Building Area: 2,850
  • Building Area: 1,412
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,412
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medford School District
  • School Tax School District: MEDFORD SD
  • Census Tract: 340100

Geography

  • Account Number: 3985
  • Parcel: MEDF M:H-11 B:0036
  • Block: 36
  • Municipality: MEDFORD
  • Latitude: 42.428
  • Longitude: -71.1001

    Address

  • Full Address: 48 Ridgeway Rd
  • Address - House Number: 48
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Medford
  • Carrier Code: C016
  • 4-Digit Zip Code: 1832
  • Zip Code: 02155

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $537,300

    Appraisal Valuation

  • Standard Deviation: 0.153
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 755,510
  • High Value: 871,171
  • Low Value: 639,849

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $621,100
  • Assessed Land Value: $340,800
  • Assessed Improvements Value: $280,300

    Sales

  • Current Sale Contract Date: Jun 24, 2021
  • Current Sale Recording Date: Jun 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 143270
  • Previous Sale Recording Date: Jun 01, 2012
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 North Medford

Stats & Trends

Median Asking:

$749,999

Sale Price/ft²

$473

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2106 ft²

Average Home Age

81.3 years

Currently For Sale

20 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

Unit for rent at 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72827526

Frequently Asked Questions

When was property at 48 Ridgeway Road built and last sold?
The property at 48 Ridgeway Road was built in 1925 and last sold on Jun 24, 2021 for $652,500.
How much is this home worth?
The estimated value of the home located at 48 Ridgeway Road is $567,170.
What are some comparable homes to 48 Ridgeway Road?
There are currently no comparable homes to 48 Ridgeway Road.
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