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Middlesex
490 Park St
$330,000
● House - Off Market

490 Park St

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
912 Ft²
$589,211
RealtyHop Estimate
81.30%
Since Aug 1, 2014
MA-Boston
Primary Model

About This Property

Offer accepted subject to P&S and financing!  Please come to open house and submit a back up offer! Delightful cape codder with an attached laundry room/half bath and mudroom!  Hardwood floors, older kitchen with endless possibilities.  Formal living room and dining room and master bedroom with sliders to sunroom. The sunroom overlooks a beautiful yard of .37 acres  Second floor features 2 bedrooms.  Ideal home to dormer or expand.  Located on the quieter side of Park St. near the Wilmington line.  2 bedroom septic  passed title 5
Unit Size
912 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$356
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1954

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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 #71676953)

Price History

Date / Event Date Event Price
Jul 1, 2014 Sold
Premium
Sold
May 7, 2014 Listed by Fitzgerald & Associates $325,000
Listed by Fitzgerald & Associates
Jun 26, 2006 Sold
Premium
Sold
Aug 29, 2005 Listed by Fitzgerald & Associates $379,900
Listed by Fitzgerald & Associates

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 7
  • Bedroom Count: 2
  • 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: 768
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,117
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000370
  • 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:0012.0
  • Lot: 12.0
  • Municipality: NORTH READING
  • Latitude: 42.5701
  • Longitude: -71.1316

    Address

  • Full Address: 490 Park St
  • Address - House Number: 490
  • 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: $784,800

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 652,761
  • High Value: 773,641
  • Low Value: 531,880

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $594,100
  • Assessed Land Value: $351,300
  • Assessed Improvements Value: $242,800

    Sales

  • Current Sale Recording Date: Jul 01, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 92334
  • Previous Sale Recording Date: Jun 26, 2006
  • Previous Sale Amount: $379,000
  • Previous 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:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2676 ft²

Average Home Age

65.4 years

Currently For Sale

3300 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# 71676953

Frequently Asked Questions

When was property at 490 Park Street built and last sold?
The property at 490 Park Street was built in 1954 and last sold on Jan 1, 1970 for $330,000.
How much is this home worth?
The estimated value of the home located at 490 Park Street is $331,178.
What are some comparable homes to 490 Park Street?
There are currently no comparable homes to 490 Park Street.
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