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Middlesex
85 North St
$1,405,000
● House - Off Market

85 North St

North Reading, MA 01864
bedrooms
4 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
3,348 Ft²
$1,589,990
RealtyHop Estimate
6.01%
Since Mar 1, 2023
MA-Boston
Primary Model

About This Property

This wonderful property was rebuilt in 2017 with the highest quality furnishings, 1st floor open concept living, dining room,office, half bath,laundry. kitchen with calacatta marble island,Sub-zero double door fridge, wine cooler. 2nd floor 4 bedroom 2 full bath, master suite with walkin closet. Lower level,2 car garage,mudroom, half bath,family room,climate-controlled wine celler complete w/wine cooler,mini fridge. Walk out sliding doors to a patio,Gazebo-covered full outdoor kitchen w/ stainless steel appliances,in-ground heated pool,stone fireplace,poolhouse,half bath with changing room,surrounding sound system, fire pit,1 acre of fenced-in yard, detached garage,2 sheds,private well for irrigation system,large chicken coop,back yard big enough for basketball/tennis court as owner pleases.
Unit Size
3,348 Ft²
Days on Market
-
Land Size
0.99 acres
Price per sqft
$448
Property Type
House
Property Taxes
$1,087
HOA Dues
-
Year Built
1960

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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: 5 months ago (MLSPIN #73032920)

Price History

Date / Event Date Event Price
Feb 24, 2023 Sold
Premium
Sold
Jan 6, 2023 In contract -
In contract
Dec 26, 2022 Relisted $435,000
Relisted
Nov 11, 2022 In contract -
In contract
Sep 6, 2022 Listed by Century 21 North East $1,499,900
Listed by Century 21 North East
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • 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: 1,610
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,124
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,348
  • Building Area: 3,348
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,348
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000990
  • 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:032.0 B:0000 L:0054.0
  • Lot: 54.0
  • Municipality: NORTH READING
  • Latitude: 42.5914
  • Longitude: -71.0975

    Address

  • Full Address: 85 North St
  • Address - House Number: 85
  • Address - Street Name: North
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: C006
  • 4-Digit Zip Code: 1443
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,555,700

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 1,360,105
  • High Value: 1,607,245
  • Low Value: 1,112,966

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,177,700
  • Assessed Land Value: $382,700
  • Assessed Improvements Value: $795,000

    Sales

  • Current Sale Contract Date: Feb 24, 2023
  • Current Sale Recording Date: Feb 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18940
  • Previous Sale Recording Date: Jul 11, 2016
  • Previous Sale Amount: $435,000
  • Previous Sale Document Type: O

    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:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2674 ft²

Average Home Age

65.6 years

Currently For Sale

3333 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: 5 months ago
Data Source: MLS PIN, MLS# 73032920

Frequently Asked Questions

When was property at 85 North Street built and last sold?
The property at 85 North Street was built in 1960 and last sold on Feb 24, 2023 for $1,405,000.
How much is this home worth?
The estimated value of the home located at 85 North Street is $1,494,123.
What are some comparable homes to 85 North Street?
There are currently no comparable homes to 85 North Street.
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