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Middlesex
491 Park Street
$650,000
● House - Off Market

491 Park Street

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,468 Ft²
$626,905
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Look no further affordable well maintained...Move in ready ....Three Bedroom Split Entry with  garage in a great Convenient location.   Desireable E. Ethel Little School district. Many updates including New Shed, New Ductless AC/Heater , New Hot Water Heater, New Roof, New Siding, etc .   First showings at OPEN HOUSES THIS SATURDAY and SUNDAY Noon to 2PM.
Unit Size
1,468 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$409
Property Type
House
Property Taxes
$580
HOA Dues
-
Year Built
1975

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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 months ago (MLSPIN #73007005)

Price History

Date / Event Date Event Price
Aug 5, 2022 Sold
Premium
Sold
Jul 5, 2022 Listed by RE/MAX Renaissance Inc. $600,000
Listed by RE/MAX Renaissance Inc.
Jul 1, 2013 Sold
Premium
Sold
Apr 24, 2013 Listed by RE/MAX Renaissance Inc. $359,900
Listed by RE/MAX Renaissance Inc.

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 966
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,553
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,002
  • Building Area: 1,002
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,002
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000380
  • 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:0020.0
  • Lot: 20.0
  • Municipality: NORTH READING
  • Latitude: 42.5706
  • Longitude: -71.1316

    Address

  • Full Address: 491 Park St
  • Address - House Number: 491
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: R052
  • 4-Digit Zip Code: 2038
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $727,600

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 648,626
  • High Value: 766,002
  • Low Value: 531,249

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $550,800
  • Assessed Land Value: $352,500
  • Assessed Improvements Value: $198,300

    Sales

  • Current Sale Contract Date: Jul 22, 2022
  • Current Sale Recording Date: Aug 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 120466
  • Previous Sale Recording Date: Jul 01, 2013
  • Previous Sale Amount: $365,000
  • Previous Sale Document Type: O
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:

$819,900

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2716 ft²

Average Home Age

64.7 years

Currently For Sale

3114 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# 73007005

Frequently Asked Questions

When was property at 491 Park Street built and last sold?
The property at 491 Park Street was built in 1975 and last sold on Jul 22, 2022 for $650,000.
How much is this home worth?
The estimated value of the home located at 491 Park Street is $602,009.
What are some comparable homes to 491 Park Street?
There are currently no comparable homes to 491 Park Street.
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