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Middlesex
5 Castle Road
$715,000
● House - Off Market

5 Castle Road

North Reading, MA 01864
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,003 Ft²
$1,397,708
RealtyHop Estimate
91.73%
Since Feb 1, 2014
MA-Boston
Primary Model

About This Property

GOT IN-LAWS, EXTENDED FAMILY, OR LIVE IN HELP???   THIS SPRAWLING, ONE OF A KIND, EXPANDED COLONIAL with 3 ROOM GUEST SUITE on GORGEOUS LEVEL ACRE in CASTLE ESTATES IS THE PERFECT CHOICE.  TWO STORY FOYER, UPDATED KITCHEN, HARDWOOD FLOORS, SPACIOUS ROOMS FOR ENTERTAINING.  CURL UP IN FRONT OF A FIRE IN EITHER THE LIVING ROOM OR FAMILY ROOM.  ENJOY HOLIDAYS IN YOUR FORMAL DINING ROOM.  BRING THE OUTDOORS IN ON FABULOUS SCREEN ROOM WITH CATHEDRAL CEILING OVERLOOKING EXPANSIVE BACKYARD WITH IN GROUND POOL.
Unit Size
3,003 Ft²
Days on Market
-
Land Size
1.09 acres
Price per sqft
$243
Property Type
House
Property Taxes
$890
HOA Dues
-
Year Built
1987

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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 months ago (MLSPIN #71591291)

Price History

Date / Event Date Event Price
Jan 31, 2014 Sold
Premium
Sold
Oct 2, 2013 Listed by RE/MAX Leading Edge $729,000
Listed by RE/MAX Leading Edge

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 2
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • 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: 1,244
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 47,480
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,004
  • Building Area: 3,004
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,004
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001090
  • 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: 330101

Zoning

  • Zoning: RR

Geography

  • District: 213
  • Parcel: NREA M:067.0 B:0000 L:0065.0
  • Lot: 65.0
  • Municipality: NORTH READING
  • Latitude: 42.5987
  • Longitude: -71.0658

    Address

  • Full Address: 5 Castle Rd
  • Address - House Number: 5
  • Address - Street Name: Castle
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: C005
  • 4-Digit Zip Code: 1920
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,474,100

    Appraisal Valuation

  • Standard Deviation: 0.1764
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,259,545
  • High Value: 1,481,761
  • Low Value: 1,037,329

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,115,900
  • Assessed Land Value: $458,500
  • Assessed Improvements Value: $657,400

    Sales

  • Current Sale Recording Date: Jan 31, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13825
  • Previous Sale Recording Date: Jan 31, 2014
  • Previous Sale Amount: $715,000
  • 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:

$809,999

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2698 ft²

Average Home Age

64.7 years

Currently For Sale

3150 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 months ago
Data Source: MLS PIN, MLS# 71591291

Frequently Asked Questions

When was property at 5 Castle Road built and last sold?
The property at 5 Castle Road was built in 1987 and last sold on Jan 1, 1970 for $715,000.
How much is this home worth?
The estimated value of the home located at 5 Castle Road is $766,822.
What are some comparable homes to 5 Castle Road?
There are currently no comparable homes to 5 Castle Road.
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