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Reading 01867
17 Colburn Road
$367,500
● House - Off Market

17 Colburn Road

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,250 Ft²
$822,513
RealtyHop Estimate
116.51%
Since Jan 1, 2012
MA-Boston
Primary Model

About This Property

This honey of a cream puff  has just been renovated inside and out, including new kitchen with vaulted ceiling master bath,hardwood floors,addition to living room,deck,newer high- energy Buderus furnace,windows and landscaping. Like a brand new home, small in stature but large in upgrades and convenience to  all three school levels YMCA and parks.  Honeymooner,snow birds,young families , this is the one *Assessment reflects home condition prior to renovations.  Many  Eco Friendly products.
Unit Size
1,250 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$304
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1920

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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 #71280012)

Price History

Date / Event Date Event Price
Dec 14, 2011 Sold
Premium
Sold
Aug 26, 2011 Listed by Colonial Manor Realty $379,900
Listed by Colonial Manor Realty
Jun 3, 2011 Sold
Premium
Sold
May 9, 2011 Listed by Colonial Manor Realty $269,900
Listed by Colonial Manor Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 7
  • Basement Area: 1,559
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,374
  • Total Building Area: 2,419
  • Gross Building Area: 3,394
  • Building Area: 2,419
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,419
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000215
  • 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: 1540000000
  • Parcel: READ M:039.0-0000-0058.0
  • Municipality: READING
  • Latitude: 42.5406
  • Longitude: -71.1133

    Address

  • Full Address: 17 Colburn Rd
  • Address - House Number: 17
  • Address - Street Name: Colburn
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C013
  • 4-Digit Zip Code: 1625
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $962,800

    Appraisal Valuation

  • Standard Deviation: 0.2171
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 908,910
  • High Value: 1,106,277
  • Low Value: 711,544

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $821,500
  • Assessed Land Value: $460,700
  • Assessed Improvements Value: $360,800

    Sales

  • Current Sale Recording Date: Dec 14, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000022
  • Previous Sale Recording Date: Jun 03, 2011
  • Previous Sale Amount: $255,000
  • 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:

$879,900

Sale Price/ft²

$455

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2187 ft²

Average Home Age

54.3 years

Currently For Sale

23 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

$2,415 /mo

  • Studio
  • 1 Bath
  • 589 ft²
200 Quannapowitt Parkway #S1, 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# 71280012

Frequently Asked Questions

When was property at 17 Colburn Road built and last sold?
The property at 17 Colburn Road was built in 1920 and last sold on Jan 1, 1970 for $367,500.
How much is this home worth?
The estimated value of the home located at 17 Colburn Road is $392,425.
What are some comparable homes to 17 Colburn Road?
There are currently no comparable homes to 17 Colburn Road.
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