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Reading 01867
18 Libby Ave
Photo of 18 Libby Ave
Sold on Dec 18, 2024

23

Map

Photo of 18 Libby Ave
Photo of 18 Libby Ave
$1,677,099
● House - Off Market

18 Libby Ave

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,700 Ft²
$8,357
Est. Monthly
2.85%
Cap Rate

About This Property

NEW CONSTRUCTION-Beautiful new home conveniently located near Reading center. This 4 bedroom, 2.5 bath, 3700 square foot home will feature a kitchen with floor to ceiling cabinetry, quartz countertops and high end appliances. A great room with gas fireplace will open to a sunroom with vaulted ceilings. There's also a perfect work at home office space. Plenty of storage on the first floor as well with a pantry off of the kitchen and custom built mudroom that connects to a two car garage. On the second floor, you will find four bedrooms. The primary suite has ample closet space, a bath with double vanity, shower, and soaking tub. Laundry is located on the second floor as well. Third floor bonus room for entertaining or an additional bedroom. Custom millwork and luxe lighting throughout.
Unit Size
3,700 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$432
Property Type
House
Property Taxes
$505
HOA Dues
-
Year Built
1900

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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: 12 months ago (MLSPIN #73092084)

Price History

Date / Event Date Event Price
Dec 18, 2024 Sold
Premium
Sold
Feb 17, 2024 In contract -
In contract
Jan 2, 2024 Relisted $1,599,000
Relisted
Jan 1, 2024 No longer available -
No longer available
Nov 9, 2023 Price Decreased $1,599,000
↓ $50K (3%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 7
  • Basement Area: 1,252
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,701
  • Total Building Area: 2,880
  • Gross Building Area: 5,834
  • Building Area: 2,880
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,880
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000223
  • 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: 930000001
  • Parcel: READ M:023.0-0000-0174.0
  • Municipality: READING
  • Latitude: 42.5279
  • Longitude: -71.0879

    Address

  • Full Address: 18 Libby Ave
  • Address - House Number: 18
  • Address - Street Name: Libby
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C024
  • 4-Digit Zip Code: 1934
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $737,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0784
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 94
  • Final Value: 1,486,212
  • High Value: 1,602,867
  • Low Value: 1,369,557

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $629,200
  • Assessed Land Value: $357,800
  • Assessed Improvements Value: $271,400

    Sales

  • Current Sale Contract Date: Dec 15, 2022
  • Current Sale Recording Date: Dec 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 182641
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:

$849,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2173 ft²

Average Home Age

54 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,525 /mo

  • 3 Beds
  • 2 Baths
  • 1,323 ft²
200 Quannapowitt Parkway #C1B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 12 months ago
Data Source: MLS PIN, MLS# 73092084

Frequently Asked Questions

When was property at 18 Libby Avenue built and last sold?
The property at 18 Libby Avenue was built in 1900 and last sold on Dec 15, 2022 for $510,000.
How much is this home worth?
The estimated value of the home located at 18 Libby Avenue is $0.
What are some comparable homes to 18 Libby Avenue?
There are currently no comparable homes to 18 Libby Avenue.
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