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Reading 01867
120 Hanscom Ave
$780,000
● House - Off Market

120 Hanscom Ave

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,696 Ft²
$823,067
RealtyHop Estimate
9.76%
Since Feb 1, 2022
MA-Boston
Primary Model

About This Property

If you are looking for a neighborhood that is located close to school, tennis courts and parks and then look no further than this well maintained Split Level home in the Birch Meadow area. The kitchen is complete with a breakfast bar and Granite counters. The "Den" addition overlooks the back yard with an above-ground pool. The lower level of this lovely home has recessed lights, a wood-burning stove and leads out to a backyard patio. When coming home with your weekly shopping you will enjoy entering the heated 2-car garage with direct access to the homes interior. The home has been updated with vinyl siding, newer tilt-in windows and a newer oil tank.
Unit Size
1,696 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$442
Property Type
House
Property Taxes
$708
HOA Dues
-
Year Built
1983

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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 #72913247)

Price History

Date / Event Date Event Price
Jan 26, 2022 Sold
Premium
Sold
Oct 27, 2021 Listed by Coldwell Banker Realty - Winchester $749,900
Listed by Coldwell Banker Realty - Winchester
Oct 11, 2002 Sold
Premium
Sold
Aug 13, 2002 Listed by Coldwell Banker Realty - Winchester $379,900
Listed by Coldwell Banker Realty - Winchester
Jan 11, 1996 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,104
  • 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: 1,696
  • Gross Building Area: 2,622
  • Building Area: 1,696
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,696
  • 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: 334300

Zoning

  • Zoning: S15

Geography

  • Account Number: 1120000000
  • Parcel: READ M:027.0-0000-0245.0
  • Municipality: READING
  • Latitude: 42.5339
  • Longitude: -71.1127

    Address

  • Full Address: 120 Hanscom Ave
  • Address - House Number: 120
  • 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: $900,600

    Appraisal Valuation

  • Standard Deviation: 0.2171
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 848,567
  • High Value: 1,032,831
  • Low Value: 664,304

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $768,400
  • Assessed Land Value: $439,800
  • Assessed Improvements Value: $328,600

    Sales

  • Current Sale Contract Date: Jan 26, 2022
  • Current Sale Recording Date: Jan 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14077
  • Previous Sale Recording Date: Oct 11, 2002
  • Previous Sale Amount: $390,000
  • 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:

$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

$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# 72913247

Frequently Asked Questions

When was property at 120 Hanscom Avenue built and last sold?
The property at 120 Hanscom Avenue was built in 1983 and last sold on Jan 26, 2022 for $780,000.
How much is this home worth?
The estimated value of the home located at 120 Hanscom Avenue is $737,393.
What are some comparable homes to 120 Hanscom Avenue?
There are currently no comparable homes to 120 Hanscom Avenue.
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