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Reading 01867
16 Milepost Rd
$500,000
● House - Off Market

16 Milepost Rd

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
9,999 Ft²
$954,662
RealtyHop Estimate
94.87%
Since Apr 1, 2004
MA-Boston
Primary Model

About This Property

IMPECCABLE SPLIT ENTRY FEATURES OAK KIT CAB, SUNROOM COULD BE 2ND FAMILYROOM OFF KITCHEN, CENTRAL AC, LGE LR W/BAY WINDOW, FORMAL DR, DESIRABLE WEST SIDE LOCATION. EATON/ PARKER SCHOOL DISTRIC
Unit Size
9,999 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$49
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1979

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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: 6 months ago (MLSPIN #30806886)

Price History

Date / Event Date Event Price
Mar 30, 2004 Sold
Premium
Sold
Jan 24, 2004 Listed by Boardwalk Real Estate $489,900
Listed by Boardwalk Real Estate

Property Highlights

Air Conditioning
Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • 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: 1,250
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,181
  • Total Building Area: 1,606
  • Gross Building Area: 2,943
  • Building Area: 1,606
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,606
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000303
  • 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: 334100

Zoning

  • Zoning: S15

Geography

  • Account Number: 110000000
  • Parcel: READ M:007.0-0000-0094.0
  • Municipality: READING
  • Latitude: 42.507
  • Longitude: -71.1062

    Address

  • Full Address: 16 Milepost Rd
  • Address - House Number: 16
  • Address - Street Name: Milepost
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C025
  • 4-Digit Zip Code: 3927
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,013,500

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 899,038
  • High Value: 1,058,083
  • Low Value: 739,992

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $864,800
  • Assessed Land Value: $528,400
  • Assessed Improvements Value: $336,400

    Sales

  • Current Sale Recording Date: Mar 30, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 73312
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:

$879,900

Sale Price/ft²

$455

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2092 ft²

Average Home Age

54.4 years

Currently For Sale

24 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

$3,970 /mo

  • 3 Beds
  • 2 Baths
  • 1,402 ft²
200 Quannapowitt Parkway #C4, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 30806886

Frequently Asked Questions

When was property at 16 Milepost Road built and last sold?
The property at 16 Milepost Road was built in 1979 and last sold on Jan 1, 1970 for $500,000.
How much is this home worth?
The estimated value of the home located at 16 Milepost Road is $720,087.
What are some comparable homes to 16 Milepost Road?
There are currently no comparable homes to 16 Milepost Road.
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