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Reading 01867
104 Sanborn Lane
$575,000
● House - Off Market

104 Sanborn Lane

Reading, MA 01867
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,065 Ft²
$1,090,309
RealtyHop Estimate
81.75%
Since Mar 1, 2015
MA-Boston
Primary Model

About This Property

Located in the much sought after WOOD END ELEMENTARY SCHOOL DISTRICT, this large gambrel style colonial offers a flexible floor plan, with 4-5 bedrooms, and 3 full baths.  First floor bedroom would make a great office, or toy room, where you can shut the door and have privacy, or...hide the Lego's!  On a beautiful lot (with in-ground pool and summer gazebo), it will be worth your time to come in and make this your own, with some updates and improvements.  The space is here, the yard is here, the location is here...with a few projects, this will be a "show stopper" of a home, and on a street where million dollar homes are currently under construction!  3 homes in this neighborhood have already SOLD for OVER 900,000 this year!  Come take a look, and invest in your family, and in your future today!  .
Unit Size
2,065 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$291
Property Type
House
Property Taxes
$773
HOA Dues
-
Year Built
1984

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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 #71770267)

Price History

Date / Event Date Event Price
Feb 13, 2015 Sold
Premium
Sold
Nov 18, 2014 Listed by Colonial Manor Realty $599,900
Listed by Colonial Manor Realty
Mar 28, 2003 Sold
Premium
Sold
Jan 16, 2003 Listed by Colonial Manor Realty $459,900
Listed by Colonial Manor Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,156
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 19,998
  • Total Building Area: 2,238
  • Gross Building Area: 3,794
  • Building Area: 2,238
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,238
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Reading School District
  • School Tax School District: READING SD
  • Census Tract: 334300

Zoning

  • Zoning: S20

Geography

  • Account Number: 2340000000
  • Parcel: READ M:055.0-0000-0059.0
  • Municipality: READING
  • Latitude: 42.5571
  • Longitude: -71.1147

    Address

  • Full Address: 104 Sanborn Ln
  • Address - House Number: 104
  • Address - Street Name: Sanborn
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Reading
  • Carrier Code: C012
  • 4-Digit Zip Code: 1009
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,126,100

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 984,124
  • High Value: 1,156,692
  • Low Value: 811,555

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $960,800
  • Assessed Land Value: $544,600
  • Assessed Improvements Value: $416,200

    Sales

  • Current Sale Recording Date: Feb 13, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19995
  • Previous Sale Recording Date: Mar 28, 2003
  • Previous Sale Amount: $467,000
  • 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 Reading

Stats & Trends

Median Asking:

$857,450

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2197 ft²

Average Home Age

55.6 years

Currently For Sale

35 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: 4 months ago
Data Source: MLS PIN, MLS# 71770267

Frequently Asked Questions

When was property at 104 Sanborn Lane built and last sold?
The property at 104 Sanborn Lane was built in 1984 and last sold on Jan 1, 1970 for $575,000.
How much is this home worth?
The estimated value of the home located at 104 Sanborn Lane is $581,462.
What are some comparable homes to 104 Sanborn Lane?
There are currently no comparable homes to 104 Sanborn Lane.
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