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Middlesex
8 Junction Rd
$550,000
● House - Off Market

8 Junction Rd

North Reading, MA 01864
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,600 Ft²
$954,048
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

Better than new construction! This 4 bedroom 2 bath dormer cape sits on 1.4 acres and was COMPLETELY remodeled by a local, award winning builder. This home has it all!  Beautiful kitchen with granite counters and stainless steel appliances. Stunning hardwood floors throughout! Custom stone fireplace living room, farmers porch that wraps around to the large back deck overlooking acres of conservation land. Large bedrooms with tons of light and a second floor laundry area. Full finished fireplace basement with views of the conservation land and steps out to the expansive backyard with patio. Hurry on this one!
Unit Size
2,600 Ft²
Days on Market
-
Land Size
1.40 acres
Price per sqft
$212
Property Type
House
Property Taxes
$567
HOA Dues
-
Year Built
1972

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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 #71851646)

Price History

Date / Event Date Event Price
Jul 17, 2015 Sold
Premium
Sold
Jun 5, 2015 Listed by DCU Realty - Waltham 128 $549,900
Listed by DCU Realty - Waltham 128

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 2
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • 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: 1,228
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 67,649
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,149
  • Building Area: 2,149
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,149
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001553
  • 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: RA

Geography

  • District: 213
  • Parcel: NREA M:016.0 B:0000 L:0008.0
  • Lot: 8.0
  • Municipality: NORTH READING
  • Latitude: 42.5771
  • Longitude: -71.1173

    Address

  • Full Address: 8 Junction Rd
  • Address - House Number: 8
  • Address - Street Name: Junction
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: R053
  • 4-Digit Zip Code: 1638
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,017,700

    Appraisal Valuation

  • Standard Deviation: 0.1764
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 886,894
  • High Value: 1,043,365
  • Low Value: 730,423

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $770,400
  • Assessed Land Value: $390,100
  • Assessed Improvements Value: $380,300

    Sales

  • Current Sale Recording Date: Jul 17, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 115980
  • Previous Sale Recording Date: Jan 15, 2015
  • 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

2698 ft²

Average Home Age

64.7 years

Currently For Sale

3150 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# 71851646

Frequently Asked Questions

When was property at 8 Junction Road built and last sold?
The property at 8 Junction Road was built in 1972 and last sold on Jan 1, 1970 for $550,000.
How much is this home worth?
The estimated value of the home located at 8 Junction Road is $586,266.
What are some comparable homes to 8 Junction Road?
There are currently no comparable homes to 8 Junction Road.
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