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Middlesex
7 Bridle Way
$550,000
● Land - Off Market

7 Bridle Way

North Reading, MA 01864
bedrooms
Studio
bathrooms
0 Bath
$854,465
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

LOOKING FOR THAT PERFECT LOT OF LAND TO BUILD THAT PERFECT FOREVER DREAM HOME?   WELL THIS IS IT!!  Rare 2.79 acre lot set on one of North Readings finest cul de sacs.  No builder tie in. Build instant equity. You will be surrounded by million plus dollar homes.  Already includes a 4 bedroom leaching field. Gas on the street. This is exactly what you have been dreaming about!! HOA fee is $500 YEARLY.
Unit Size
-
Days on Market
-
Land Size
2.79 acres
Price per sqft
-
Property Type
Land
Property Taxes
$487
HOA Dues
$500
Year Built
2020

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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 #72492876)

Price History

Date / Event Date Event Price
Nov 22, 2019 Sold
Premium
Sold
May 2, 2019 Listed by William Raveis R.E. & Home Services $599,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • 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: 378
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 121,532
  • Lot Size Frontage Feet: 0
  • Total Building Area: 5,768
  • Building Area: 5,768
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,768
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002790
  • 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: 330101

Zoning

  • Zoning: RD

Geography

  • District: 213
  • Parcel: NREA M:065.0 B:0000 L:0037.0
  • Lot: 37.0
  • Municipality: NORTH READING
  • Latitude: 42.5888
  • Longitude: -71.0625

    Address

  • Full Address: 7 Bridle Way
  • Address - House Number: 7
  • Address - Street Name: Bridle
  • Address - Suffix Type: Way
  • State: MA
  • City Name: North Reading
  • Carrier Code: C005
  • 4-Digit Zip Code: 1558
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $3,752,700

    Appraisal Valuation

  • Standard Deviation: 0.1266
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 85
  • Final Value: 3,426,538
  • High Value: 3,860,387
  • Low Value: 2,992,688

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,840,800
  • Assessed Land Value: $487,900
  • Assessed Improvements Value: $2,352,900

    Sales

  • Current Sale Contract Date: Nov 22, 2019
  • Current Sale Recording Date: Nov 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 184601
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:

$815,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2685 ft²

Average Home Age

65 years

Currently For Sale

3224 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: 5 months ago
Data Source: MLS PIN, MLS# 72492876

Frequently Asked Questions

When was property at 7 Bridle Way built and last sold?
The property at 7 Bridle Way was built in 2020 and last sold on Nov 22, 2019 for $550,000.
How much is this home worth?
The estimated value of the home located at 7 Bridle Way is $605,899.
What are some comparable homes to 7 Bridle Way?
There are currently no comparable homes to 7 Bridle Way.
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