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Reading 01867
16 Springvale Rd
$515,000
● House - Off Market

16 Springvale Rd

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,674 Ft²
$896,803
RealtyHop Estimate
74.14%
Since Jul 1, 2015
MA-Boston
Primary Model

About This Property

Tremendous opportunity in a wonderful location,! You will fall in love with this completely renovated Cape Located on the desirable West side of Reading. Quiet neighborhood with great School district makes this the perfect place to call home! NEW ROOF, updated electrical and plumbing, new kitchen with stainless steel appliances, 2 new full baths w/ tile, cozy family-room with fireplace, and the open bright layout offers plenty of room for entertaining and family enjoyment year round. Oversized Deck, flat yard, one car garage, farmer's porch, plenty of parking, and  easy access to major highways & public transportation.
Unit Size
1,674 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$308
Property Type
House
Property Taxes
$470
HOA Dues
-
Year Built
1942

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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 #71809239)

Price History

Date / Event Date Event Price
Jun 16, 2015 Sold
Premium
Sold
Mar 31, 2015 Listed by AMLUX LLC $515,000
Listed by AMLUX LLC
Jan 6, 2015 Sold
Premium
Sold
Nov 7, 2014 Listed by AMLUX LLC $399,900
Listed by AMLUX LLC

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,393
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,499
  • Total Building Area: 2,878
  • Gross Building Area: 4,548
  • Building Area: 2,878
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 2,878
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000195
  • 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: 370000000
  • Parcel: READ M:010.0-0000-0270.0
  • Municipality: READING
  • Latitude: 42.5177
  • Longitude: -71.1221

    Address

  • Full Address: 16 Springvale Rd
  • Address - House Number: 16
  • Address - Street Name: Springvale
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C026
  • 4-Digit Zip Code: 3363
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,157,200

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 1,105,928
  • High Value: 1,287,878
  • Low Value: 923,978

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $987,400
  • Assessed Land Value: $457,500
  • Assessed Improvements Value: $529,900

    Sales

  • Current Sale Recording Date: Jun 16, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 92355
  • Previous Sale Recording Date: Jan 06, 2015
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: O
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71809239

Frequently Asked Questions

When was property at 16 Springvale Road built and last sold?
The property at 16 Springvale Road was built in 1942 and last sold on Jan 1, 1970 for $515,000.
How much is this home worth?
The estimated value of the home located at 16 Springvale Road is $534,284.
What are some comparable homes to 16 Springvale Road?
There are currently no comparable homes to 16 Springvale Road.
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