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Reading 01867
142 Bancroft Ave
$800,000
● House - Off Market

142 Bancroft Ave

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,561 Ft²
$4,430
Est. Monthly

About This Property

Amazing Birch Meadow location for this expanded Victorian home. Large family room addition with vaulted ceilings, built ins and bay window with window seat. Oak and maple hardwood floors. A full bath on each level. Insulated windows. Potential for 1st floor bedroom if needed. Potential to to convert mud room to home office. Natural gas for heating, hot water, cooking and dryer. New 200 amp circuit breaker electrical panel (2019). Large unfinished basement with shelving for storage. Large rear deck (26x15) overlooking expansive fenced back yard with storage shed. Perennial gardens will bloom this spring. Top location near commuter rail station, library, elementary, middle and high school, tennis courts, ballfields, playgrounds, YMCA with 2 indoor pools, childcare centers, town center shops, eateries and pubs.
Unit Size
1,561 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$480
Property Type
House
Property Taxes
$748
HOA Dues
-
Year Built
1890

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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 #73200426)

Price History

Date / Event Date Event Price
Mar 15, 2024 Sold
Premium
Sold
Feb 11, 2024 In contract -
In contract
Feb 7, 2024 Listed by Joe Bean Real Estate $749,900
Listed by Joe Bean Real Estate
Aug 16, 1967 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1955
  • 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: 16
  • 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: 7
  • Basement Area: 1,088
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,896
  • Total Building Area: 1,561
  • Gross Building Area: 3,277
  • Building Area: 1,561
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,561
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000319
  • 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: 1010000000
  • Parcel: READ M:027.0-0000-0121.0
  • Municipality: READING
  • Latitude: 42.5302
  • Longitude: -71.1092

    Address

  • Full Address: 142 Bancroft Ave
  • Address - House Number: 142
  • Address - Street Name: Bancroft
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C009
  • 4-Digit Zip Code: 2102
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $926,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0784
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 94
  • Final Value: 771,086
  • High Value: 831,610
  • Low Value: 710,563

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $790,400
  • Assessed Land Value: $477,100
  • Assessed Improvements Value: $313,300

    Sales

  • Current Sale Contract Date: Mar 15, 2024
  • Current Sale Recording Date: Mar 15, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25944
  • Previous Sale Recording Date: Aug 16, 1967
  • Previous Sale Amount: $22,000
  • 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:

$866,500

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2107 ft²

Average Home Age

60.3 years

Currently For Sale

42 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

$3,855 /mo

  • 2 Beds
  • 2 Baths
  • 1,139 ft²
200 Quannapowitt Parkway #B1A-G2B, 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# 73200426

Frequently Asked Questions

When was property at 142 Bancroft Avenue built and last sold?
The property at 142 Bancroft Avenue was built in 1890 and last sold on Mar 15, 2024 for $800,000.
How much is this home worth?
The estimated value of the home located at 142 Bancroft Avenue is $763,081.
What are some comparable homes to 142 Bancroft Avenue?
There are currently no comparable homes to 142 Bancroft Avenue.
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