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Medford 02155 North Medford
54 Ridgeway Road
$605,000
● House - Off Market

54 Ridgeway Road

Medford, MA 02155
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,548 Ft²
$858,917
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

Ideal location for Boston area commuters, this handsome colonial is available now for the first time in generations! Featuring many recent updates including a double depth lot for the street, four rooms on the 1st floor including a full bath & 3 rooms on the 2nd floor w a 2nd full bath. One room features an open air deck w view towards Boston skyline. The newer Central AC helps you keep it chill. See listing broker for seller's statement that includes list of recent updates. Initial showings begin at Open House Sat, 4/21 from 11am to 1pm & Sun, 4/22 from 12:30pm to 2pm. After that contact listing broker for an appointment before "Not You" does.
Unit Size
1,548 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$375
Property Type
House
Property Taxes
$409
HOA Dues
-
Year Built
1920

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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: 5 months ago (MLSPIN #72309353)

Price History

Date / Event Date Event Price
Jun 28, 2018 Sold
Premium
Sold
Apr 16, 2018 Listed by NextHome Now $579,900
Listed by NextHome Now

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Total Building Area: 1,548
  • Gross Building Area: 2,626
  • Building Area: 1,548
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,548
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medford School District
  • School Tax School District: MEDFORD SD
  • Census Tract: 340100

Geography

  • Account Number: 3983
  • Parcel: MEDF M:H-11 B:0034
  • Block: 34
  • Municipality: MEDFORD
  • Latitude: 42.4279
  • Longitude: -71.0998

    Address

  • Full Address: 54 Ridgeway Rd
  • Address - House Number: 54
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Medford
  • Carrier Code: C016
  • 4-Digit Zip Code: 1832
  • Zip Code: 02155

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $571,800

    Appraisal Valuation

  • Standard Deviation: 0.1735
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 810,816
  • High Value: 951,557
  • Low Value: 670,074

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $661,000
  • Assessed Land Value: $345,000
  • Assessed Improvements Value: $316,000

    Sales

  • Current Sale Recording Date: Jun 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 95031
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 North Medford

Stats & Trends

Median Asking:

$749,999

Sale Price/ft²

$475

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2084 ft²

Average Home Age

81.5 years

Currently For Sale

21 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

Unit for rent at 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72309353

Frequently Asked Questions

When was property at 54 Ridgeway Road built and last sold?
The property at 54 Ridgeway Road was built in 1920 and last sold on Jan 1, 1970 for $605,000.
How much is this home worth?
The estimated value of the home located at 54 Ridgeway Road is $593,433.
What are some comparable homes to 54 Ridgeway Road?
There are currently no comparable homes to 54 Ridgeway Road.
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