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Middlesex
5 Sumner
$185,000
● House - Off Market

5 Sumner

North Reading, MA 01864
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,116 Ft²
$457,881
RealtyHop Estimate
103.59%
Since Sep 1, 2012
MA-Boston
Primary Model

About This Property

SHORT SALE APPROVED!! Cozy Cape Cod Style home in need of finish work.  Great opportunity for the handyman/contractor. Subject to Short Sale approval.
Unit Size
1,116 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$202
Property Type
House
Property Taxes
$360
HOA Dues
-
Year Built
2012

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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 #71174411)

Price History

Date / Event Date Event Price
Apr 11, 2013 Sold
Premium
Sold
Aug 31, 2012 Sold
Premium
Sold
Jan 3, 2011 Listed by Century 21 North Shore $224,900
Listed by Century 21 North Shore

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Total Rooms: 7
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,212
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,621
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,730
  • Building Area: 2,730
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,730
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000680
  • 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:0101.0
  • Lot: 101.0
  • Municipality: NORTH READING
  • Latitude: 42.5705
  • Longitude: -71.1274

    Address

  • Full Address: 5 Summer St
  • Address - House Number: 5
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: R052
  • 4-Digit Zip Code: 2027
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,182,800

    Appraisal Valuation

  • Standard Deviation: 0.1748
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 980,468
  • High Value: 1,151,933
  • Low Value: 809,004

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $895,400
  • Assessed Land Value: $368,700
  • Assessed Improvements Value: $526,700

    Sales

  • Current Sale Contract Date: Mar 26, 2021
  • Current Sale Recording Date: Mar 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 67791
  • Previous Sale Recording Date: Apr 11, 2013
  • Previous Sale Amount: $400,000
  • 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:

$810,000

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# 71174411

Frequently Asked Questions

When was property at 5 Sumner Street built and last sold?
The property at 5 Sumner Street was built in 2012 and last sold on Mar 26, 2021 for $855,000.
How much is this home worth?
The estimated value of the home located at 5 Sumner Street is $242,115.
What are some comparable homes to 5 Sumner Street?
There are currently no comparable homes to 5 Sumner Street.
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