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Middlesex
9 North Hill Drive
$1,100,000
● House - Off Market

9 North Hill Drive

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,924 Ft²
$911,949
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

A unique offering to own this custom tri level home. Highly sought after location, close to Lynnfield, with access to Rte 1 & 95. Kitchen includes stainless steel appliances, with granite countertops. Formal living room offers lots of recessed lighting, cathedral ceilings, and floor to ceiling fireplace. Spacious bedrooms, with a primary bedroom that offers plenty of closet space, and a full bathroom. Finished lower level that offers extra living space for entertainment, and an additional fireplace. Composite deck outside that overlooks your level lot with plenty of storage in the shed, and an additional half bath in the cabana. New roof & Vinyl windows 2021. Fantastic move in ready property!
Unit Size
2,924 Ft²
Days on Market
-
Land Size
0.63 acres
Price per sqft
$308
Property Type
House
Property Taxes
$924
HOA Dues
-
Year Built
1979

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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 #72956692)

Price History

Date / Event Date Event Price
May 16, 2022 Sold
Premium
Sold
Mar 23, 2022 Listed by LAER Realty Partners $899,900
Listed by LAER Realty Partners
Aug 10, 2017 Sold
Premium
Sold
May 19, 2017 Listed by LAER Realty Partners $764,900
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,764
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 27,443
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,796
  • Building Area: 1,796
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,796
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000630
  • 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:060.0 B:0000 L:0031.0
  • Lot: 31.0
  • Municipality: NORTH READING
  • Latitude: 42.5647
  • Longitude: -71.0644

    Address

  • Full Address: 9 N Hill Dr
  • Address - House Number: 9
  • Street Direction: N
  • Address - Street Name: Hill
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: North Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 2829
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,244,500

    Appraisal Valuation

  • Standard Deviation: 0.1764
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,038,134
  • High Value: 1,221,288
  • Low Value: 854,981

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $942,100
  • Assessed Land Value: $393,900
  • Assessed Improvements Value: $548,200

    Sales

  • Current Sale Contract Date: May 13, 2022
  • Current Sale Recording Date: May 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1913873
  • Previous Sale Recording Date: Dec 19, 2017
  • Previous Sale Contract Date: Dec 11, 2017
  • 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:

$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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72956692

Frequently Asked Questions

When was property at 9 North Hill Drive built and last sold?
The property at 9 North Hill Drive was built in 1979 and last sold on May 13, 2022 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 9 North Hill Drive is $932,807.
What are some comparable homes to 9 North Hill Drive?
There are currently no comparable homes to 9 North Hill Drive.
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