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Middlesex
5 Rust Ln
Photo of 5 Rust Ln
Sold on Aug 8, 2025

33

Map

Photo of 5 Rust Ln
Photo of 5 Rust Ln
$1,030,000
● House - Off Market

5 Rust Ln

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,157 Ft²
$5,641
Est. Monthly
3.06%
Cap Rate

About This Property

Located on a quiet cul-de-sac in a beautiful neighborhood. This Tudor home style home has a lot to offer. Upon entering you will be greeted by a spacious foyer adjacent to a front to back fireplace living room. The formal dining room and family room are both located off the granite kitchen making entertaining easy. Also off the fireplace family room is a huge deck to professionally landscaped private yard. The second floor offers 3 good size bedrooms with the primary having access to the main bathroom. Finished lower level is perfect for au-pair, teen suite with a full bath already in place. 2 car attached garage and more!
Unit Size
2,157 Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$440
Property Type
House
Property Taxes
$976
HOA Dues
-
Year Built
1979

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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: 2 years ago (MLSPIN #73400640)

Price History

Date / Event Date Event Price
Aug 8, 2025 Sold
Premium
Sold
Jul 15, 2025 In contract -
In contract
Jul 7, 2025 Listed $950,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 21
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,352
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,804
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,157
  • Building Area: 2,157
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,157
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000799
  • 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: 330102

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:060.0 B:0000 L:0046.0
  • Lot: 46.0
  • Municipality: NORTH READING
  • Latitude: 42.5657
  • Longitude: -71.0632

    Address

  • Full Address: 5 Rust Ln
  • Address - House Number: 5
  • Address - Street Name: Rust
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: North Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 2812
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,027,900

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 959,994
  • High Value: 1,117,935
  • Low Value: 802,054

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $778,100
  • Assessed Land Value: $446,400
  • Assessed Improvements Value: $331,700

    Sales

  • Current Sale Recording Date: Oct 10, 2013
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000165
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

2683 ft²

Average Home Age

62.9 years

Currently For Sale

3239 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: 2 years ago
Data Source: MLS PIN, MLS# 73400640

Frequently Asked Questions

When was property at 5 Rust Lane built and last sold?
The property at 5 Rust Lane was built in 1979 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5 Rust Lane is $0.
What are some comparable homes to 5 Rust Lane?
There are currently no comparable homes to 5 Rust Lane.
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