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Reading 01867
11 Marla Lane
Photo of 11 Marla Lane
Sold on Sep 15, 2008

1

Map

$478,000
● House - Off Market

11 Marla Lane

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths
$1,005,485
RealtyHop Estimate
101.14%
Since Oct 1, 2008
MA-Boston
Primary Model

About This Property

Move right in!!Beautifully maintained 8 rm multilevel in desirable birchmeadow area.  This home features an eat-in-kitchen, formal dining room, which opens to a 3 season sunroom, fireplaced living room, 18' X 16' deck, lower level features fireplaced family room, bedroom or office. Two updated baths. This home is situated on a large level lot with mature planting, in a great neighborhood.  Walking distance to schools, athletic field and YMCA. Don't miss this one! Subject to sellers signing P &
Unit Size
-
Days on Market
-
Land Size
0.33 acres
Price per sqft
-
Property Type
House
Property Taxes
$495
HOA Dues
-
Year Built
1958

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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 #70757523)

Price History

Date / Event Date Event Price
Sep 16, 2008 Sold
Premium
Sold
May 7, 2008 Listed $499,900
Listed
Nov 20, 2000 Sold
Premium
Sold
Sep 7, 2000 Listed $359,900
Listed

Property Highlights

Fireplace
Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,175
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,802
  • Total Building Area: 1,505
  • Gross Building Area: 2,749
  • Building Area: 1,505
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,505
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • 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: S15

Geography

  • Account Number: 1350000000
  • Parcel: READ M:032.0-0000-0204.0
  • Municipality: READING
  • Latitude: 42.5379
  • Longitude: -71.1198

    Address

  • Full Address: 11 Marla Ln
  • Address - House Number: 11
  • Address - Street Name: Marla
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1429
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $956,100

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 876,944
  • High Value: 1,032,082
  • Low Value: 721,807

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $815,800
  • Assessed Land Value: $480,400
  • Assessed Improvements Value: $335,400

    Sales

  • Current Sale Recording Date: Sep 16, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00151864
  • Previous Sale Recording Date: Nov 20, 2000
  • Previous Sale Amount: $359,900
  • 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:

$865,000

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2135 ft²

Average Home Age

57.1 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70757523

Frequently Asked Questions

When was property at 11 Marla Lane built and last sold?
The property at 11 Marla Lane was built in 1958 and last sold on Jan 1, 1970 for $478,000.
How much is this home worth?
The estimated value of the home located at 11 Marla Lane is $504,899.
What are some comparable homes to 11 Marla Lane?
There are currently no comparable homes to 11 Marla Lane.
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