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Reading 01867
118 Fairchild Drive
$825,000
● House - Off Market

118 Fairchild Drive

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,380 Ft²
$1,154,781
RealtyHop Estimate
32.75%
Since Sep 1, 2020
MA-Boston
Primary Model

About This Property

Your lucky day has arrived.  It's time for you to move to FAIRCHILD DRIVE, one of Reading's finest neighborhoods.  Step right into this custom built, one owner home & you will fall in love with a gorgeous open floor plan which includes the Kitchen with granite & stainless appliances, Dining area, & Family Room with fireplace. Hardwood floors on 1st level. Freshly painted walls will let you simply drop your furniture in place.  Enjoy having a 1st floor MASTER with full bath & walk in closet en suite.  Upstairs you will find 3 bedrooms & a full bath with plenty of Room for Expansion & Walk in Storage. 3 Season Relaxation Room off Family Room.  2 car garage & walk out lower-level too. New Roof, New Exterior Paint. New Garage Doors.  Central AC on first floor.
Unit Size
2,380 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$366
Property Type
House
Property Taxes
$815
HOA Dues
-
Year Built
1992

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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 #72659486)

Price History

Date / Event Date Event Price
Aug 18, 2020 Sold
Premium
Sold
May 20, 2020 Listed by Premier Realty Group, Inc. $869,900
Listed by Premier Realty Group, Inc.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,256
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,426
  • Total Building Area: 3,079
  • Gross Building Area: 4,612
  • Building Area: 3,079
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,079
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000584
  • 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: 1800000001
  • Parcel: READ M:045.0-0000-0003.0
  • Municipality: READING
  • Latitude: 42.5465
  • Longitude: -71.1108

    Address

  • Full Address: 118 Fairchild Dr
  • Address - House Number: 118
  • Address - Street Name: Fairchild
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Reading
  • Carrier Code: C013
  • 4-Digit Zip Code: 1260
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,187,700
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.1564
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,059,201
  • High Value: 1,224,878
  • Low Value: 893,524

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,013,400
  • Assessed Land Value: $481,100
  • Assessed Improvements Value: $532,300

    Sales

  • Current Sale Contract Date: Aug 07, 2020
  • Current Sale Recording Date: Aug 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 140490
  • Previous Sale Recording Date: Feb 13, 2018
  • 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:

$849,900

Sale Price/ft²

$457

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

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

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, 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# 72659486

Frequently Asked Questions

When was property at 118 Fairchild Drive built and last sold?
The property at 118 Fairchild Drive was built in 1992 and last sold on Aug 7, 2020 for $825,000.
How much is this home worth?
The estimated value of the home located at 118 Fairchild Drive is $885,021.
What are some comparable homes to 118 Fairchild Drive?
There are currently no comparable homes to 118 Fairchild Drive.
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