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Reading 01867
12 Cumberland Road
$675,000
● House - Off Market

12 Cumberland Road

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,100 Ft²
$947,260
RealtyHop Estimate
48.03%
Since Sep 1, 2018
MA-Boston
Primary Model

About This Property

Great opportunity to own a spacious Ranch style home located on a quiet street in the west side Reading. This home sits on a 10,000 sf well maintained  lot and features a spacious living room with a fire pace, dining room, eat in kitchen, three nice sized bedrooms which includes the master bedroom with an attached bathroom. The large basement offers added living space with a fire place, half bath and  laundry room. Nice private back yard, a two car attached garage and deck are some of the other features this home offers. Close to the elementary and middle school, commuter rail, bus, town center and library. Easy access to all major highways.
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$305
Property Type
House
Property Taxes
$619
HOA Dues
-
Year Built
1965

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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 #72351138)

Price History

Date / Event Date Event Price
Aug 17, 2018 Sold
Premium
Sold
Jun 22, 2018 Listed by Century 21 Commonwealth $639,900
Listed by Century 21 Commonwealth

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,500
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,100
  • Gross Building Area: 3,764
  • Building Area: 2,100
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,100
  • Heating Fuel Type: 3

    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: 334100

Zoning

  • Zoning: S15

Geography

  • Account Number: 340000000
  • Parcel: READ M:011.0-0000-0149.0
  • Municipality: READING
  • Latitude: 42.516
  • Longitude: -71.1112

    Address

  • Full Address: 12 Cumberland Rd
  • Address - House Number: 12
  • Address - Street Name: Cumberland
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C027
  • 4-Digit Zip Code: 3411
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $958,300

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 930,330
  • High Value: 1,094,074
  • Low Value: 766,585

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $817,700
  • Assessed Land Value: $463,000
  • Assessed Improvements Value: $354,700

    Sales

  • Current Sale Recording Date: Aug 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 126516

    Financing

  • First Mortgage Financing Type: ADJ
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

$4,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1B, 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# 72351138

Frequently Asked Questions

When was property at 12 Cumberland Road built and last sold?
The property at 12 Cumberland Road was built in 1965 and last sold on Jan 1, 1970 for $675,000.
How much is this home worth?
The estimated value of the home located at 12 Cumberland Road is $670,894.
What are some comparable homes to 12 Cumberland Road?
There are currently no comparable homes to 12 Cumberland Road.
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