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Middlesex
8 Oak Avenue
$422,000
● House - Off Market

8 Oak Avenue

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,924 Ft²
$748,613
RealtyHop Estimate
74.14%
Since Jul 1, 2015
MA-Boston
Primary Model

About This Property

Beautiful 3 bedroom 1 1/2 bath colonial with an open airy floor plan is situated on a QUIET SIDE STREET.  Living room flows into a spacious kitchen with GRANITE COUNTERS AND STAINLESS STEEL appliances.  Hardwood floored dining area opens to a large CATHEDRAL CEILING FAMILY ROOM overlooking a private patio and large fenced backyard.  GAS HEAT AND COOKING!  Easy access to the highway and public transportation.  Take advantage of this opportunity to get into a great school system!  Bonus finished basement is great for a playroom, office or both!  1 car garage and plenty of parking.
Unit Size
1,924 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$223
Property Type
House
Property Taxes
$444
HOA Dues
-
Year Built
1992

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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 #71826569)

Price History

Date / Event Date Event Price
Jun 30, 2015 Sold
Premium
Sold
Apr 29, 2015 Listed by Classified Realty Group $429,900
Listed by Classified Realty Group
Dec 7, 2007 Sold
Premium
Sold
Aug 10, 2007 Listed by Classified Realty Group $398,800
Listed by Classified Realty Group
Nov 26, 2003 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 16
  • 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: 672
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,616
  • Building Area: 1,616
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,616
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000140
  • 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:014.0 B:0000 L:0137.0
  • Lot: 137.0
  • Municipality: NORTH READING
  • Latitude: 42.5849
  • Longitude: -71.1201

    Address

  • Full Address: 8 Oak Ave
  • Address - House Number: 8
  • Address - Street Name: Oak
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: North Reading
  • Carrier Code: R051
  • 4-Digit Zip Code: 1628
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $741,700

    Appraisal Valuation

  • Standard Deviation: 0.175
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 662,484
  • High Value: 778,463
  • Low Value: 546,505

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $561,500
  • Assessed Land Value: $317,900
  • Assessed Improvements Value: $243,600

    Sales

  • Current Sale Recording Date: Jun 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 103323
  • Previous Sale Recording Date: Dec 07, 2007
  • Previous Sale Amount: $398,800
  • 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

2683 ft²

Average Home Age

62.9 years

Currently For Sale

3239 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 months ago
Data Source: MLS PIN, MLS# 71826569

Frequently Asked Questions

When was property at 8 Oak Avenue built and last sold?
The property at 8 Oak Avenue was built in 1992 and last sold on Jan 1, 1970 for $422,000.
How much is this home worth?
The estimated value of the home located at 8 Oak Avenue is $455,815.
What are some comparable homes to 8 Oak Avenue?
There are currently no comparable homes to 8 Oak Avenue.
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