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Middlesex
50 Burroughs Rd
$765,200
● House - Off Market

50 Burroughs Rd

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,824 Ft²
$4,130
Est. Monthly

About This Property

BIG Price Improvement! New construction with water views abutting conservation land! A beautiful home inside and out that you won't want to miss. Thoughtfully expanded and stylishly updated to meet modern needs. First floor living room with ship lap ceiling and water views, office, stainless kitchen with an over sized island and granite throughout, an ample mudroom with laundry and a half bath. The second floor offers a luxurious primary suite with a spacious tiled bath as well as two additional bedrooms with a shared tile bath. Recessed lighting and hardwood throughout. Ideal location across from Martins Pond with beautiful views and access for boating, fishing, and skating. Clark Park,shopping, and restaurants nearby.
Unit Size
1,824 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$405
Property Type
House
Property Taxes
$500
HOA Dues
-
Year Built
2021

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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 #73177169)

Price History

Date / Event Date Event Price
Dec 29, 2023 Sold
Premium
Sold
Dec 15, 2023 In contract -
In contract
Nov 3, 2023 Listed by Keller Williams Realty Boston Northwest $739,000
Listed by Keller Williams Realty Boston Northwest
May 5, 2020 Sold
Premium
Sold
Mar 6, 2020 Listed by Keller Williams Realty Boston Northwest $310,000
Listed by Keller Williams Realty Boston Northwest

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 2
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,824
  • Building Area: 1,824
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,824
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000210
  • 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: RB

Geography

  • District: 213
  • Parcel: NREA M:013.0 B:0000 L:0136.0
  • Lot: 136.0
  • Municipality: NORTH READING
  • Latitude: 42.5905
  • Longitude: -71.1233

    Address

  • Full Address: 50 Burroughs Rd
  • Address - House Number: 50
  • Address - Street Name: Burroughs
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: R051
  • 4-Digit Zip Code: 1157
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $792,300

    Appraisal Valuation

  • Standard Deviation: 0.0773
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 783,453
  • High Value: 844,085
  • Low Value: 722,820

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $599,800
  • Assessed Land Value: $295,200
  • Assessed Improvements Value: $304,600

    Sales

  • Current Sale Contract Date: Dec 29, 2023
  • Current Sale Recording Date: Dec 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 148821
  • Previous Sale Recording Date: May 05, 2020
  • Previous Sale Contract Date: May 04, 2020
  • Previous Sale Amount: $290,000
  • 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

2700 ft²

Average Home Age

62.6 years

Currently For Sale

3165 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# 73177169

Frequently Asked Questions

When was property at 50 Burroughs Road built and last sold?
The property at 50 Burroughs Road was built in 2021 and last sold on Dec 29, 2023 for $765,200.
How much is this home worth?
The estimated value of the home located at 50 Burroughs Road is $741,006.
What are some comparable homes to 50 Burroughs Road?
There are currently no comparable homes to 50 Burroughs Road.
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