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Middlesex
486 Park Street
$195,000
● House - Off Market

486 Park Street

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,208 Ft²
$553,805
RealtyHop Estimate
184.15%
Since Sep 1, 2000
MA-Boston
Primary Model

About This Property

OPPORTUNITY FOR HANDYMAN, FULL SHED CAPE ON LEVEL PRIVATE WOODED LOT. HOT WATER HEATER 3 YEARS OLD, NEWER ROOF AND FRONT STEPS. AGENTS MUST ACCOMPANY BUYERS IN ORDER TO RECEIVE COMPENSATION FOR SALE.
Unit Size
1,208 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$161
Property Type
House
Property Taxes
$201
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: 4 years ago (MLSPIN #30427188)

Price History

Date / Event Date Event Price
Aug 29, 2000 Sold
Premium
Sold
Jul 10, 2000 Listed by Century 21 Spindler & O'Neil Associates $194,900
Listed by Century 21 Spindler & O'Neil Associates

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 704
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,682
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,288
  • Building Area: 1,288
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,288
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000360
  • 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:0010.0
  • Lot: 10.0
  • Municipality: NORTH READING
  • Latitude: 42.5699
  • Longitude: -71.1314

    Address

  • Full Address: 486 Park St
  • Address - House Number: 486
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: R052
  • 4-Digit Zip Code: 2037
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $701,800

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 603,912
  • High Value: 715,746
  • Low Value: 492,077

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $531,300
  • Assessed Land Value: $349,900
  • Assessed Improvements Value: $181,400

    Sales

  • Current Sale Recording Date: Aug 29, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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:

$815,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2674 ft²

Average Home Age

65.6 years

Currently For Sale

3333 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: 4 years ago
Data Source: MLS PIN, MLS# 30427188

Frequently Asked Questions

When was property at 486 Park Street built and last sold?
The property at 486 Park Street was built in 1955 and last sold on Jan 1, 1970 for $195,000.
How much is this home worth?
The estimated value of the home located at 486 Park Street is $0.
What are some comparable homes to 486 Park Street?
There are currently no comparable homes to 486 Park Street.
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