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Reading 01867
16 Beverly Road
$513,500
● House - Off Market

16 Beverly Road

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$767,756
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

GREAT LOCATION,..... FEELS MUCH LARGER THAN THE STATED LIVING AREA ...... ,COUNTRY FEEL    yet minutes to RT 93.  One acre Lot with   LOTS OF PRIVACY  , set on dead end street (NOT A  CUL DE SAC),  NEW HARDWOOD ON MAIN LEVEL, NEW EAT IN KITCHEN w/ STAINLESS STEEL APPLIANCES, GRANITE, SLATE FLOOR and slider to deck....first floor bed room can also be used as an office. Front to back master bedroom. with  2 additional bedrooms on upper level.  PLUS A FIRST LEVEL BED ROOM.  Recently updated bath. Full ceiling height  basement for expansion with two step walkout to rear yard. NEW HEATING SYSTEM AND OIL TANK .....JUST  MOVE RIGHT IN! .....in the highly desirable  BIRCH MEADOW  elementary school district.... Close to AUSTIN PREP SCHOOL!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$324
Property Type
House
Property Taxes
$574
HOA Dues
-
Year Built
1990

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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 #72316035)

Price History

Date / Event Date Event Price
Oct 12, 2018 Sold
Premium
Sold
Apr 26, 2018 Listed by Coldwell Banker Residential Brokerage - Lynnfield $519,000
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Jun 29, 1994 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,867
  • Total Building Area: 1,591
  • Gross Building Area: 2,589
  • Building Area: 1,591
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,591
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001030
  • 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: 1260000000
  • Parcel: READ M:031.0-0000-0036.0
  • Municipality: READING
  • Latitude: 42.5366
  • Longitude: -71.1284

    Address

  • Full Address: 16 Beverly Rd
  • Address - House Number: 16
  • Address - Street Name: Beverly
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C008
  • 4-Digit Zip Code: 1510
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $808,900

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 762,264
  • High Value: 895,929
  • Low Value: 628,599

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $690,200
  • Assessed Land Value: $402,700
  • Assessed Improvements Value: $287,500

    Sales

  • Current Sale Recording Date: Oct 12, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 157342
  • Previous Sale Recording Date: Jun 29, 1994
  • Previous Sale Amount: $204,900
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72316035

Frequently Asked Questions

When was property at 16 Beverly Road built and last sold?
The property at 16 Beverly Road was built in 1990 and last sold on Jan 1, 1970 for $513,500.
How much is this home worth?
The estimated value of the home located at 16 Beverly Road is $534,982.
What are some comparable homes to 16 Beverly Road?
There are currently no comparable homes to 16 Beverly Road.
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