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Reading 01867
17 Richards Road
Photo of 17 Richards Road
Sold on Dec 1, 2005

1

Map

$590,000
● House - Off Market

17 Richards Road

Reading, MA 01867
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,500 Ft²
$1,077,948
RealtyHop Estimate
79.69%
Since Jan 1, 2006
MA-Boston
Primary Model

About This Property

Feels and looks like new construction.    Updates on first floor include new eat-in kitchen, full bath, beautiful hw floors, frpl liv rm, and extra rm for office/bedr.  Second floor was completely rebuilt in 2005 with 4 comfortable bedrooms and new bath, new carpeting and lighting fixt.   Also new in 2005 are central air, new windows, new furnace, elect, & sec sys.   All this on a newly landscaped 21K sf lot in a great neighborhood.  Don't miss this one!!
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$240
Property Type
House
Property Taxes
$355
HOA Dues
-
Year Built
1952

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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 #70282104)

Price History

Date / Event Date Event Price
Dec 1, 2005 Sold
Premium
Sold
Oct 21, 2005 Listed $599,900
Listed
Jul 1, 1999 Sold
Premium
Sold
Mar 23, 1999 Listed $249,900
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,412
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,344
  • Total Building Area: 3,222
  • Gross Building Area: 4,541
  • Building Area: 3,222
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,222
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000490
  • 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: 334400

Zoning

  • Zoning: S20

Geography

  • Account Number: 1450000000
  • Parcel: READ M:035.0-0000-0017.0
  • Municipality: READING
  • Latitude: 42.5372
  • Longitude: -71.0895

    Address

  • Full Address: 17 Richards Rd
  • Address - House Number: 17
  • Address - Street Name: Richards
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C016
  • 4-Digit Zip Code: 1839
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,166,100

    Appraisal Valuation

  • Standard Deviation: 0.1574
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,080,754
  • High Value: 1,250,956
  • Low Value: 910,553

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $995,000
  • Assessed Land Value: $504,100
  • Assessed Improvements Value: $490,900

    Sales

  • Current Sale Recording Date: Dec 01, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00265605
  • Previous Sale Recording Date: Jul 01, 1999
  • Previous Sale Amount: $240,000
  • 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:

$869,900

Sale Price/ft²

$458

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2132 ft²

Average Home Age

57.2 years

Currently For Sale

39 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

$2,615 /mo

  • Studio
  • 1 Bath
  • 588 ft²
200 Quannapowitt Parkway #S3, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70282104

Frequently Asked Questions

When was property at 17 Richards Road built and last sold?
The property at 17 Richards Road was built in 1952 and last sold on Jan 1, 1970 for $590,000.
How much is this home worth?
The estimated value of the home located at 17 Richards Road is $606,304.
What are some comparable homes to 17 Richards Road?
There are currently no comparable homes to 17 Richards Road.
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