9 Parsonage Lane
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 23, 2025 | Sold | ||
| Sold | |||
| Mar 13, 2025 | In contract | - | |
| In contract | |||
| Mar 6, 2025 | Listed | $1,195,000 | |
| Listed | |||
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Welcome to Your Dream Home! Nestled on the highly coveted cul-de-sac of Parsonage Lane. Featuring a stunning blend of elegance and modern charm with a welcoming farmer's porch, sun-drenched interiors with impeccable craftsmanship! This home offers a private oasis just minutes from all that North Reading has to offer. The expansive family room boasts a fireplace, soaring ceilings, direct access to the oversized 3-tier beautifully designed deck overlooking peaceful greenery! The chef’s dream kitchen features custom cabinetry and seamlessly flows into a charming breakfast nook perfect for morning coffee. The formal dining room is perfect for hosting unforgettable holidays and family gatherings. A dedicated home office is ideal for remote work or quiet study. The master suite is complete with an en-suite bath and a custom walk-in closet. The finished walkout basement is a versatile space, perfect for an entertainment hub, in-law living and more. Walking distance to schools, parks and town!
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| Aug 23, 2004 | Sold | ||
| Sold | |||
| Jun 18, 2004 | Listed by Coldwell Banker Residential Brokerage - Lynnfield | $679,900 | |
| Listed by Coldwell Banker Residential Brokerage - Lynnfield | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017