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Middlesex
9 Summer Street
$475,000
● House - Off Market

9 Summer Street

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,324 Ft²
$539,623
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model

About This Property

spacious ranch on woodsy lot with big open, usable backyard;  Ideal opportunity to  take advantage of all that NR has to offer. Great school system, terrific recreation facilities including Ipswich Rive Park, Harold Parker State forest, and so much more!.   Enjoy 3brs plus home office, dining room with slider to enclosed porch leading to beautiful 3/4 acre private yard in easy commute location: roll out of bed and you're at Rt 93 x 39.
Unit Size
1,324 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$359
Property Type
House
Property Taxes
$600
HOA Dues
-
Year Built
1940

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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 years ago (MLSPIN #72852611)

Price History

Date / Event Date Event Price
Oct 7, 2021 Sold
Premium
Sold
Jun 18, 2021 Listed by Berkshire Hathaway HomeServices Verani Realty $475,000
Listed by Berkshire Hathaway HomeServices Verani Realty

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,324
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,056
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,324
  • Building Area: 1,324
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,324
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000690
  • 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: 330202

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:004.0 B:0000 L:0099.0
  • Lot: 99.0
  • Municipality: NORTH READING
  • Latitude: 42.5707
  • Longitude: -71.1279

    Address

  • Full Address: 9 Summer St
  • Address - House Number: 9
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: R052
  • 4-Digit Zip Code: 2027
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $803,400

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 657,455
  • High Value: 765,621
  • Low Value: 549,289

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $608,200
  • Assessed Land Value: $369,000
  • Assessed Improvements Value: $239,200

    Sales

  • Current Sale Contract Date: Oct 07, 2021
  • Current Sale Recording Date: Oct 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 221941
  • Previous Sale Recording Date: Feb 02, 1994
  • Previous Sale Amount: $145,000
  • 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:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2673 ft²

Average Home Age

65.4 years

Currently For Sale

3328 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 years ago
Data Source: MLS PIN, MLS# 72852611

Frequently Asked Questions

When was property at 9 Summer Street built and last sold?
The property at 9 Summer Street was built in 1940 and last sold on Oct 7, 2021 for $475,000.
How much is this home worth?
The estimated value of the home located at 9 Summer Street is $485,743.
What are some comparable homes to 9 Summer Street?
There are currently no comparable homes to 9 Summer Street.
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