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Middlesex
7 Parsonage Ln
Photo of 7 Parsonage Ln
Sold on Jul 8, 2005

1

Map

$725,000
● House - Off Market

7 Parsonage Ln

North Reading, MA 01864
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,818 Ft²
$1,295,262
RealtyHop Estimate
76.23%
Since Aug 1, 2005
MA-Boston
Primary Model

About This Property

Quiet cul-de-sac with walk to town. Meticulously maintained by original owners with kitchen upgrades such as granite & name brand appliances. Space for everyone; comfortable family room w/fireplace, inviting sunroom w/sliders to large deck, game room over the garage for the kids to get away to. Formal living rm w/wainscoting & fireplace and formal dining rm, provide for great entertaining. Master w/3/4 bath, walk-in closets. 2nd floor BA updated w/Corian. Private fenced yard w/in-ground pool.
Unit Size
2,818 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$261
Property Type
House
Property Taxes
$543
HOA Dues
-
Year Built
1988

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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 #70163582)

Price History

Date / Event Date Event Price
Jul 11, 2005 Sold
Premium
Sold
Mar 28, 2005 Listed $735,000
Listed
Jan 30, 1990 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Total Rooms: 9
  • 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: 1,378
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 39,988
  • 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: 10
  • Heated Square Feet: 2,730
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000918
  • 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: RA

Geography

  • District: 213
  • Parcel: NREA M:055.0 B:0000 L:0108.0
  • Lot: 108.0
  • Municipality: NORTH READING
  • Latitude: 42.5698
  • Longitude: -71.0786

    Address

  • Full Address: 7 Parsonage Ln
  • Address - House Number: 7
  • Address - Street Name: Parsonage
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: North Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 2832
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,247,800

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 1,118,158
  • High Value: 1,302,121
  • Low Value: 934,196

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $944,600
  • Assessed Land Value: $452,900
  • Assessed Improvements Value: $491,700

    Sales

  • Current Sale Recording Date: Jul 11, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00143664
  • Previous Sale Recording Date: Jan 30, 1990
  • Previous Sale Amount: $340,000
  • 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:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2699 ft²

Average Home Age

64.7 years

Currently For Sale

3156 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70163582

Frequently Asked Questions

When was property at 7 Parsonage Lane built and last sold?
The property at 7 Parsonage Lane was built in 1988 and last sold on Jan 1, 1970 for $725,000.
How much is this home worth?
The estimated value of the home located at 7 Parsonage Lane is $768,200.
What are some comparable homes to 7 Parsonage Lane?
There are currently no comparable homes to 7 Parsonage Lane.
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