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Reading 01867
114 Hanscom Avenue
$740,000
● House - Off Market

114 Hanscom Avenue

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
2,500 Ft²
$806,316
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

Location, Location, Location!  Handsome split level is situated in the heart of the Birch Meadow neighborhood. Spacious layout with over 2,500 sq ft of living space. Great flow & entertaining with large first floor family room. Gourmet cooks will appreciate the extensive cabinetry and storage, making organization a breeze. Oversized deck allows gatherings to flow outside for grilling, dining or enjoying the sun. At home workers will appreciate sizable lower level finished area for office. This level boasts additional media space for movie nights or extended family living opportunity. Very convenient access to schools, recreation areas, downtown, library YMCA and commuter rail! A must see for buyers with discerning eye. Looking for a compelling value offering generous finished space?
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$300
Property Type
House
Property Taxes
$718
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 #73054441)

Price History

Date / Event Date Event Price
Dec 19, 2022 Sold
Premium
Sold
Nov 10, 2022 In contract -
In contract
Nov 2, 2022 Listed by Premier Realty Group, Inc. $749,900
Listed by Premier Realty Group, Inc.

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • 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: 1,510
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,345
  • Gross Building Area: 3,250
  • Building Area: 2,345
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,345
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 1120000000
  • Parcel: READ M:027.0-0000-0244.0
  • Municipality: READING
  • Latitude: 42.5336
  • Longitude: -71.1126

    Address

  • Full Address: 114 Hanscom Ave
  • Address - House Number: 114
  • Address - Street Name: Hanscom
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C034
  • 4-Digit Zip Code: 2062
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $824,200

    Appraisal Valuation

  • Standard Deviation: 0.2215
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 69
  • Final Value: 794,148
  • High Value: 970,062
  • Low Value: 618,233

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $703,200
  • Assessed Land Value: $439,800
  • Assessed Improvements Value: $263,400

    Sales

  • Current Sale Contract Date: Dec 19, 2022
  • Current Sale Recording Date: Dec 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 184152
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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,805 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73054441

Frequently Asked Questions

When was property at 114 Hanscom Avenue built and last sold?
The property at 114 Hanscom Avenue was built in 1984 and last sold on Dec 19, 2022 for $740,000.
How much is this home worth?
The estimated value of the home located at 114 Hanscom Avenue is $784,299.
What are some comparable homes to 114 Hanscom Avenue?
There are currently no comparable homes to 114 Hanscom Avenue.
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