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Middlesex
5 Erwin Rd
$910,000
● House - Off Market

5 Erwin Rd

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,983 Ft²
$840,130
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

ACCEPTED OFFER/OPEN HOUSE CANCELLED.  Welcome home to this beautiful open concept 3BR/3.5BA extended ranch with an attached 2 car garage and large fenced in yard. Enter into a tasteful living room with fireplace that flows into an oversized eat in kitchen and family room off the back of the home.  Three bedrooms including a huge main suite with walk in closet and an additional bathroom complete the right wing of the house.  To the left, you will find a half bathroom with laundry and a mudroom that leads to the side entry garage as well as the partially finished basement (includes pool table and beverage refrigerator) and another 3/4 bathroom!  There is a lovely front porch and a good sized deck off the back overlooking the corner lot.  Sellers will review offers as they come so dont wait - this one will not last!
Unit Size
1,983 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$428
Property Type
House
Property Taxes
$775
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: 4 months ago (MLSPIN #73139756)

Price History

Date / Event Date Event Price
Sep 7, 2023 Sold
Premium
Sold
Jul 25, 2023 In contract -
In contract
Jul 24, 2023 Listed by Century 21 North East $849,000
Listed by Century 21 North East
Sep 30, 2020 Sold
Premium
Sold
Jul 23, 2020 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,052
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,473
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,983
  • Building Area: 1,983
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,983
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000470
  • 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: RA

Geography

  • District: 213
  • Parcel: NREA M:074.0 B:0000 L:0038.0
  • Lot: 38.0
  • Municipality: NORTH READING
  • Latitude: 42.5788
  • Longitude: -71.0577

    Address

  • Full Address: 5 Erwin Rd
  • Address - House Number: 5
  • Address - Street Name: Erwin
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: C001
  • 4-Digit Zip Code: 2916
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $993,700

    Appraisal Valuation

  • Standard Deviation: 0.1748
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 861,255
  • High Value: 1,011,871
  • Low Value: 710,638

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $752,200
  • Assessed Land Value: $363,200
  • Assessed Improvements Value: $389,000

    Sales

  • Current Sale Contract Date: Sep 07, 2023
  • Current Sale Recording Date: Sep 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 101363
  • Previous Sale Recording Date: Sep 30, 2020
  • Previous Sale Contract Date: Sep 25, 2020
  • Previous Sale Amount: $300,000
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73139756

Frequently Asked Questions

When was property at 5 Erwin Road built and last sold?
The property at 5 Erwin Road was built in 1954 and last sold on Sep 7, 2023 for $910,000.
How much is this home worth?
The estimated value of the home located at 5 Erwin Road is $855,701.
What are some comparable homes to 5 Erwin Road?
There are currently no comparable homes to 5 Erwin Road.
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