For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Middlesex
5 Memory Lane
$850,000
● House - Off Market

5 Memory Lane

North Reading, MA 01864
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
4,084 Ft²
$1,462,573
RealtyHop Estimate
74.14%
Since Jul 1, 2015
MA-Boston
Primary Model

About This Property

Absolutely STUNNING!!!! This PRISTINE, 4 bedroom 4,100 SF Colonial with 3 car garage situated on a wooded acre affords the luxury of private living within a family-friendly neighborhood.  This home is Truly Wonderful To ENTERTAIN your Friends & Family! An expansive kitchen with THERMADOR  & SUB ZERO appliances and large center island gently flows to an oversized eating area and WARMLY APPOINTED family room.  This must see home also includes a formal dining room, cozy first floor den with FIREPLACE, large office, and many other OUTSTANDING features! DON'T MISS THIS ONE!
Unit Size
4,084 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$206
Property Type
House
Property Taxes
$1,031
HOA Dues
-
Year Built
1991

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #71805985)

Price History

Date / Event Date Event Price
Jun 25, 2015 Sold
Premium
Sold
Mar 25, 2015 Listed by Classified Realty Group $839,900
Listed by Classified Realty Group

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 2,162
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,511
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,102
  • Building Area: 4,102
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,102
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000930
  • 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: 330201

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:028.0 B:0000 L:0071.0
  • Lot: 71.0
  • Municipality: NORTH READING
  • Latitude: 42.5954
  • Longitude: -71.1102

    Address

  • Full Address: 5 Memory Ln
  • Address - House Number: 5
  • Address - Street Name: Memory
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: North Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 1363
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,436,100

    Appraisal Valuation

  • Standard Deviation: 0.2196
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 69
  • Final Value: 1,468,009
  • High Value: 1,790,424
  • Low Value: 1,145,595

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,087,100
  • Assessed Land Value: $453,500
  • Assessed Improvements Value: $633,600

    Sales

  • Current Sale Recording Date: Jun 25, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 99009
  • Previous Sale Recording Date: Mar 04, 2015
  • 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:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2681 ft²

Average Home Age

62.4 years

Currently For Sale

3251 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# 71805985

Frequently Asked Questions

When was property at 5 Memory Lane built and last sold?
The property at 5 Memory Lane was built in 1991 and last sold on Jan 1, 1970 for $850,000.
How much is this home worth?
The estimated value of the home located at 5 Memory Lane is $898,747.
What are some comparable homes to 5 Memory Lane?
There are currently no comparable homes to 5 Memory Lane.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
North Reading Homes for Sale
North Reading Houses for Sale
North Reading Condos for Sale
North Reading Multifamily for Sale
North Reading Land for Sale
North Reading Commercial for Sale
North Reading Homes with Basements
North Reading Homes with Pools
Nearby Cities
Peabody Homes for Sale
Wakefield Homes for Sale
Danvers Homes for Sale
Reading Homes for Sale
Wilmington Homes for Sale
Burlington Homes for Sale
Lynnfield Homes for Sale
Andover Homes for Sale
Nearby Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Suffolk County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Worcester County, MA Property Records
Strafford County, NH Property Records
Neighborhoods
Peabody Town Center Real Estate
Havenville Real Estate
North Burlington Real Estate
Burlington Town Center Real Estate
North Woburn Real Estate
Mishawum Real Estate
Nearby Counties
Peabody Homes for Sale
Andover Homes for Sale
Tewksbury Homes for Sale
Wakefield Homes for Sale
Danvers Homes for Sale
Reading Homes for Sale
Wilmington Homes for Sale
Burlington Homes for Sale
Top Real Estate Agents
Top Agents in North Reading
Top Agents in Peabody
Top Agents in Peabody
Top Agents in 01960
Top Agents in Andover
Top Agents in 01810
Top Agents in Tewksbury
Top Agents in 01880