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Middlesex
7 Hancock Street
$188,000
● House - Off Market

7 Hancock Street

North Reading, MA 01864
bedrooms
2 Beds
bathrooms
1 Bath
square feet
850 Ft²
$498,699
RealtyHop Estimate
155.87%
Since Jun 1, 2001
MA-Boston
Primary Model

About This Property

IMMACULATE 5 ROOM RANCH WITH GARAGE CLOSE TO CENTER, SCHOOLS AND IPSWICH RIVER PARK ~ 1ST FLOOR LAUNDRY ROOM ~ UPDATED KITCHEN ~ NEW BATH (2/00) ~ BRIGHT 3 SEASON PORCH ~ OFFICE OR PLAYROOM OFF KITCHEN ~ TITLE V APPROVED!
Unit Size
850 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$229
Property Type
House
Property Taxes
$166
HOA Dues
-
Year Built
1930

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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 years ago (MLSPIN #30493535)

Price History

Date / Event Date Event Price
May 30, 2001 Sold
Premium
Sold
Apr 9, 2001 Listed $194,900
Listed
Feb 7, 2000 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 352
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Frontage Feet: 0
  • Total Building Area: 958
  • Building Area: 958
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 958
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • 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: RB

Geography

  • District: 213
  • Parcel: NREA M:042.0 B:0000 L:0052.0
  • Lot: 52.0
  • Municipality: NORTH READING
  • Latitude: 42.5755
  • Longitude: -71.088

    Address

  • Full Address: 7 Hancock St
  • Address - House Number: 7
  • Address - Street Name: Hancock
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: R053
  • 4-Digit Zip Code: 2370
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $630,800

    Appraisal Valuation

  • Standard Deviation: 0.1674
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 531,349
  • High Value: 620,339
  • Low Value: 442,359

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $477,500
  • Assessed Land Value: $332,400
  • Assessed Improvements Value: $145,100

    Sales

  • Current Sale Recording Date: May 30, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 07, 2000
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 27
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:

$819,900

Sale Price/ft²

$439

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2721 ft²

Average Home Age

64.8 years

Currently For Sale

3083 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30493535

Frequently Asked Questions

When was property at 7 Hancock Street built and last sold?
The property at 7 Hancock Street was built in 1930 and last sold on Jan 1, 1970 for $188,000.
How much is this home worth?
The estimated value of the home located at 7 Hancock Street is $206,696.
What are some comparable homes to 7 Hancock Street?
There are currently no comparable homes to 7 Hancock Street.
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