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Middlesex
8 Parsonage Lane
Photo of 8 Parsonage Lane
Sold on Feb 28, 2005

1

Map

$705,000
● House - Off Market

8 Parsonage Lane

North Reading, MA 01864
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,500 Ft²
$1,302,713
RealtyHop Estimate
80.96%
Since Mar 1, 2005
MA-Boston
Primary Model

About This Property

Like new,well maintained brick front Colonial situated on almost an acre in cul-de-sac setting. Beautiful 24x24 family rm with vaulted ceiling, new carpeting, and brick fireplace.Oversized kitchen with custom oak cabinets and access to new 18x12 deck overlooking spectacular manicured private fenced yard. Front to back living rm with second fireplace.First floor laundry. Newer carpeting in all bedrooms. Alarm system, sprinklers in front, central air, central vac,and new brick steps to back yard.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.96 acres
Price per sqft
$288
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
1986

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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 #70120431)

Price History

Date / Event Date Event Price
Mar 1, 2005 Sold
Premium
Sold
Nov 23, 2004 Listed $719,900
Listed

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,564
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,992
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,552
  • Building Area: 2,552
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,552
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000964
  • 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:0104.0
  • Lot: 104.0
  • Municipality: NORTH READING
  • Latitude: 42.5695
  • Longitude: -71.0796

    Address

  • Full Address: 8 Parsonage Ln
  • Address - House Number: 8
  • Address - Street Name: Parsonage
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: North Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 2831
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,370,700

    Appraisal Valuation

  • Standard Deviation: 0.1748
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,156,962
  • High Value: 1,359,292
  • Low Value: 954,632

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,037,600
  • Assessed Land Value: $455,400
  • Assessed Improvements Value: $582,200

    Sales

  • Current Sale Contract Date: Apr 08, 2020
  • Current Sale Recording Date: Apr 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 52950
  • Previous Sale Recording Date: Mar 01, 2005
  • Previous Sale Amount: $705,000
  • 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:

$809,999

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# 70120431

Frequently Asked Questions

When was property at 8 Parsonage Lane built and last sold?
The property at 8 Parsonage Lane was built in 1986 and last sold on Apr 8, 2020 for $835,000.
How much is this home worth?
The estimated value of the home located at 8 Parsonage Lane is $746,560.
What are some comparable homes to 8 Parsonage Lane?
There are currently no comparable homes to 8 Parsonage Lane.
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