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Middlesex
85 Marblehead St
$545,000
● House - Off Market

85 Marblehead St

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,235 Ft²
$501,576
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Here is your opportunity to get in to North Reading!!  This Ranch sits on a small lot but has a lot to offer!  Open concept living and dining room with hardwood floors and wood stove.  Extra large deck off the master bedroom to enjoy the fresh air and peace.  Finished lower level offers more living space with a family room/game room, office with large closet and another full bath. French drain was installed in 2006.  Fenced in back yard with dog kennel and chicken coop.  Needs some exterior work (peeling paint and some rotted trim) so will not qualify for an FHA or VA loan. Perfect for someone who wants to build some sweat equity.  Showings begin on Friday.  All offers, if any, are due on Monday at 10am with a decision by 5pm.  House sold "as-is".
Unit Size
1,235 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$405
Property Type
House
Property Taxes
$520
HOA Dues
-
Year Built
1966

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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 #73090536)

Price History

Date / Event Date Event Price
Jun 29, 2023 Sold
Premium
Sold
Mar 28, 2023 In contract -
In contract
Mar 23, 2023 Listed by Fitzgerald & Associates $499,900
Listed by Fitzgerald & Associates

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,235
  • Building Area: 1,235
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,235
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • 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: 330101

Zoning

  • Zoning: RR

Geography

  • District: 213
  • Parcel: NREA M:049.0 B:0000 L:0018.0
  • Lot: 18.0
  • Municipality: NORTH READING
  • Latitude: 42.6014
  • Longitude: -71.0706

    Address

  • Full Address: 85 Marblehead St
  • Address - House Number: 85
  • Address - Street Name: Marblehead
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: C005
  • 4-Digit Zip Code: 1509
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $676,100

    Appraisal Valuation

  • Standard Deviation: 0.1654
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 571,183
  • High Value: 665,710
  • Low Value: 476,657

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $511,800
  • Assessed Land Value: $322,900
  • Assessed Improvements Value: $188,900

    Sales

  • Current Sale Contract Date: Jun 29, 2023
  • Current Sale Recording Date: Jun 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 71226
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# 73090536

Frequently Asked Questions

When was property at 85 Marblehead Street built and last sold?
The property at 85 Marblehead Street was built in 1966 and last sold on Jun 29, 2023 for $545,000.
How much is this home worth?
The estimated value of the home located at 85 Marblehead Street is $512,060.
What are some comparable homes to 85 Marblehead Street?
There are currently no comparable homes to 85 Marblehead Street.
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