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Reading 01867
16 Meadow Brook Lane
Photo of 16 Meadow Brook Lane
Sold on May 15, 2009

1

Map

$463,000
● House - Off Market

16 Meadow Brook Lane

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,456 Ft²
$995,608
RealtyHop Estimate
109.65%
Since Jun 1, 2009
MA-Boston
Primary Model

About This Property

Lovingly maintained, 3-bedroom Garrison Colonial on desirable cul de sac. Comfortable side porch for warm evenings, fireplaced* living room, formal dining room with chair rail and built-ins, replacement windows, 2-car garage w/EE. Eat-in kitchen overlooks half-acre-plus of gorgeous level yard. Conveniently located near Meadow Brook Golf Club, schools and highways. This is the one you've been waiting for!
Unit Size
1,456 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$326
Property Type
House
Property Taxes
$517
HOA Dues
-
Year Built
1949

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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: 5 months ago (MLSPIN #70896569)

Price History

Date / Event Date Event Price
May 15, 2009 Sold
Premium
Sold
Apr 1, 2009 Listed $474,900
Listed

Property Highlights

Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,036
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,038
  • Total Building Area: 2,016
  • Gross Building Area: 3,632
  • Building Area: 2,016
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • 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: 0000000575
  • 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: S20

Geography

  • Account Number: 1520000000
  • Parcel: READ M:038.0-0000-0086.0
  • Municipality: READING
  • Latitude: 42.5428
  • Longitude: -71.1252

    Address

  • Full Address: 16 Meadow Brook Ln
  • Address - House Number: 16
  • Address - Street Name: Meadow Brook
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1235
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,137,100

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 995,389
  • High Value: 1,171,480
  • Low Value: 819,299

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $970,200
  • Assessed Land Value: $517,500
  • Assessed Improvements Value: $452,700

    Sales

  • Current Sale Recording Date: May 15, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00087132
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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70896569

Frequently Asked Questions

When was property at 16 Meadow Brook Lane built and last sold?
The property at 16 Meadow Brook Lane was built in 1949 and last sold on Jan 1, 1970 for $463,000.
How much is this home worth?
The estimated value of the home located at 16 Meadow Brook Lane is $491,017.
What are some comparable homes to 16 Meadow Brook Lane?
There are currently no comparable homes to 16 Meadow Brook Lane.
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