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Middlesex
498 Park St
Photo of 498 Park St
Sold on Sep 19, 2025

34

Map

Photo of 498 Park St
Photo of 498 Park St
$735,000
● House - Off Market

498 Park St

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,362 Ft²
$4,816
Est. Monthly
3.69%
Cap Rate

About This Property

***. OPEN HOUSE CANCELLED  ***  OFFER HAS BEEN ACCEPTED!  This house looks like a traditional Cape, but it's far from!  The rooms are HUGE!  Living room with large bow window, hardwood floors and a pellet/wood stove.  Large family room (it was used as a dining room combo) with large windows and a slider out to the fenced yard! Two huge bedrooms on the first floor with great closet space! The 2nd floor is a very large 3 room master suite that includes a separate office, sitting room with closets and then of course a large walk-in closet.  The backyard is beautiful.  There is an in-ground pool (condition unknown) with what could be used as a cabana with two additional sheds as well. There is an opportunity to have another room in the basement with a walk-out.  Quick closing is possible!
Unit Size
2,362 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$339
Property Type
House
Property Taxes
$888
HOA Dues
-
Year Built
1953

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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: 2 years ago (MLSPIN #73401031)

Price History

Date / Event Date Event Price
Sep 19, 2025 Sold
Premium
Sold
Jul 26, 2025 In contract -
In contract
Jul 8, 2025 Listed by Fitzgerald & Associates $799,900
Listed by Fitzgerald & Associates

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1,512
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 16,553
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,362
  • Building Area: 2,362
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,362
  • Heating Fuel Type: 6

    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:0016.0
  • Lot: 16.0
  • Municipality: NORTH READING
  • Latitude: 42.5708
  • Longitude: -71.1325

    Address

  • Full Address: 498 Park St
  • Address - House Number: 498
  • 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: $1,033,600

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 854,926
  • High Value: 995,581
  • Low Value: 714,272

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $782,400
  • Assessed Land Value: $352,200
  • Assessed Improvements Value: $430,200
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: 2 years ago
Data Source: MLS PIN, MLS# 73401031

Frequently Asked Questions

When was property at 498 Park Street built and last sold?
The property at 498 Park Street was built in 1953 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 498 Park Street is $0.
What are some comparable homes to 498 Park Street?
There are currently no comparable homes to 498 Park Street.
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