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Reading 01867
19 Pitman Drive
Photo of 19 Pitman Drive
Sold on Nov 19, 2008

1

Map

$386,000
● House - Off Market

19 Pitman Drive

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,220 Ft²
$836,511
RealtyHop Estimate
109.18%
Since Dec 1, 2008
MA-Boston
Primary Model

About This Property

Great Opportunity to own a very nice split on a very nice lot in Reading. Hardwood floors on upper level under carpet. Beautiful 3 season Porch off Kitchen.  Large, level yard extends beyond bushes.  Easy access to schools, shoppingand  to major highways. Appliances remain as gifts.
Unit Size
1,220 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$328
Property Type
House
Property Taxes
$457
HOA Dues
-
Year Built
1971

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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 #70799243)

Price History

Date / Event Date Event Price
Nov 19, 2008 Sold
Premium
Sold
Jul 29, 2008 Listed $399,900
Listed

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • 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: 1,144
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,282
  • Total Building Area: 1,369
  • Gross Building Area: 2,988
  • Building Area: 1,369
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,369
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000580
  • 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: 1080000000
  • Parcel: READ M:029.0-0000-0105.0
  • Municipality: READING
  • Latitude: 42.5326
  • Longitude: -71.0851

    Address

  • Full Address: 19 Pitman Dr
  • Address - House Number: 19
  • Address - Street Name: Pitman
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 1959
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $931,700

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 805,081
  • High Value: 946,405
  • Low Value: 663,756

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $795,000
  • Assessed Land Value: $492,400
  • Assessed Improvements Value: $302,600

    Sales

  • Current Sale Recording Date: Nov 19, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00185892
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:

$879,000

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2233 ft²

Average Home Age

53.5 years

Currently For Sale

27 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

$4,030 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7P, 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# 70799243

Frequently Asked Questions

When was property at 19 Pitman Drive built and last sold?
The property at 19 Pitman Drive was built in 1971 and last sold on Jan 1, 1970 for $386,000.
How much is this home worth?
The estimated value of the home located at 19 Pitman Drive is $413,328.
What are some comparable homes to 19 Pitman Drive?
There are currently no comparable homes to 19 Pitman Drive.
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