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Reading 01867
16 Mark Ave
$570,000
● House - Off Market

16 Mark Ave

Reading, MA 01867
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,016 Ft²
$901,238
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Five bedroom, 2 full bath expanded cape (formerly a ranch) with full rear shed dormer for larger 2nd floor bedrooms. Updated cherry cabinet kitchen with center island, black granite counters, stainless steel appliances, disposal, pendant and recessed lights. Just re-finished oak hardwood floors (6/17) on 1st level. Formal living room with fireplace. Dining room with built in window seat, chair rail, wall mounted tv, recessed lights and Andersen slider access to back yard. Front to back master bedroom with eve storage. Architectural shingled roof (2003). New masonry front steps (2016). Newly painted exterior (2016). Potential to finish large basement. Half of windows are updated, insulated replacement windows. Laundry hook ups & utility sink. Fantastic location in Birch Meadow neighborhood side street.
Unit Size
2,016 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$288
Property Type
House
Property Taxes
$510
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72148677)

Price History

Date / Event Date Event Price
Aug 25, 2017 Sold
Premium
Sold
Apr 20, 2017 Listed by Joe Bean Real Estate $579,900
Listed by Joe Bean Real Estate
Oct 17, 1997 Sold
Premium
Sold
Sep 7, 1997 Listed by Joe Bean Real Estate $214,900
Listed by Joe Bean Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 960
  • Garage Type: 0
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,049
  • Total Building Area: 2,016
  • Gross Building Area: 2,904
  • Building Area: 2,016
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,016
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000231
  • 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: 1210000000
  • Parcel: READ M:032.0-0000-0004.0
  • Municipality: READING
  • Latitude: 42.5348
  • Longitude: -71.1203

    Address

  • Full Address: 16 Mark Ave
  • Address - House Number: 16
  • Address - Street Name: Mark
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1555
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $835,100

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 819,410
  • High Value: 963,096
  • Low Value: 675,724

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $712,500
  • Assessed Land Value: $398,600
  • Assessed Improvements Value: $313,900

    Sales

  • Current Sale Recording Date: Aug 25, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 136762
  • Previous Sale Recording Date: Oct 17, 1997
  • Previous Sale Amount: $212,000
  • 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:

$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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72148677

Frequently Asked Questions

When was property at 16 Mark Avenue built and last sold?
The property at 16 Mark Avenue was built in 1953 and last sold on Jan 1, 1970 for $570,000.
How much is this home worth?
The estimated value of the home located at 16 Mark Avenue is $585,014.
What are some comparable homes to 16 Mark Avenue?
There are currently no comparable homes to 16 Mark Avenue.
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