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Middlesex
7 Porter Road
$520,000
● House - Off Market

7 Porter Road

North Reading, MA 01864
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,176 Ft²
$579,797
RealtyHop Estimate
7.39%
Since Feb 1, 2023
MA-Boston
Primary Model

About This Property

ENJOY LIFE in this SEVEN ROOM HOME with LARGE FINISHED BASEMENT in MOVE IN CONDITION, and SIDE STREET LOCATION.  First floor offers OPEN FLOOR PLAN, large LIVING ROOM with BAY WINDOW and BEAUTIFUL WOOD CEILING, UPDATED (2021) KITCHEN with WHITE CABINETRY, and GRANITE COUNTERS, good sized dining area, and 16 X 15 FAMILY ROOM full of NATURAL LIGHT with SLIDER to WRAP AROUND DECK overlooking FABULOUS BACKYARD.  There is GREAT SPACE in the partially finished LOWER LEVEL  - TWO ROOMS - a BIG PLAY ROOM/ GAME ROOM with separate office area, a LARGE GUEST ROOM, and HALF BATH. You'll be warm this winter with the ALMOST NEW (2020) HEATING, & HOT WATER.
Unit Size
1,176 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$459
Property Type
House
Property Taxes
$538
HOA Dues
-
Year Built
1969

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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 #73057680)

Price History

Date / Event Date Event Price
Jan 10, 2023 Sold
Premium
Sold
Nov 23, 2022 In contract -
In contract
Nov 11, 2022 Listed by LAER Realty Partners $539,900
Listed by LAER Realty Partners
Mar 19, 2008 Sold
Premium
Sold
Jul 19, 2007 Listed by LAER Realty Partners $349,750
Listed by LAER Realty Partners
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • 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: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,176
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000180
  • 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:012.0 B:0000 L:0087.0
  • Lot: 87.0
  • Municipality: NORTH READING
  • Latitude: 42.5951
  • Longitude: -71.1206

    Address

  • Full Address: 7 Porter Rd
  • Address - House Number: 7
  • Address - Street Name: Porter
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: R051
  • 4-Digit Zip Code: 1212
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $672,500

    Appraisal Valuation

  • Standard Deviation: 0.2231
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 69
  • Final Value: 555,629
  • High Value: 679,592
  • Low Value: 431,665

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $509,100
  • Assessed Land Value: $291,400
  • Assessed Improvements Value: $217,700

    Sales

  • Current Sale Contract Date: Jan 10, 2023
  • Current Sale Recording Date: Jan 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2993
  • Previous Sale Recording Date: Mar 19, 2008
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

2690 ft²

Average Home Age

64.9 years

Currently For Sale

3210 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# 73057680

Frequently Asked Questions

When was property at 7 Porter Road built and last sold?
The property at 7 Porter Road was built in 1969 and last sold on Jan 10, 2023 for $520,000.
How much is this home worth?
The estimated value of the home located at 7 Porter Road is $539,957.
What are some comparable homes to 7 Porter Road?
There are currently no comparable homes to 7 Porter Road.
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