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Reading 01867
20 Colburn Road
$600,000
● House - Off Market

20 Colburn Road

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,988 Ft²
$693,446
RealtyHop Estimate
6.85%
Since Mar 1, 2022
MA-Boston
Primary Model

About This Property

Opportunity knocks.  Surrounded by trees on over a quarter acre of land, this house is ready for you to put on the finishing touches.  Why let someone else choose for you when you have this unique opportunity to do it yourself!  Built in 1980, this solid house features the ultimate in flexibility....convert upstairs previous kitchen into a master suite?  Or would you prefer an upstairs living room?  Want to finish over the basement that already has a walk out?  The choice is yours...and only yours.  Newer heating system in last 3 years.  Can't beat this location....close proximity to elementary, middle and high schools.
Unit Size
1,988 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$326
Property Type
House
Property Taxes
$701
HOA Dues
-
Year Built
2022

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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 #72919086)

Price History

Date / Event Date Event Price
Oct 31, 2023 Sold
Premium
Sold
Feb 15, 2022 Sold
Premium
Sold
Nov 11, 2021 Listed by MerryFox Realty $649,000
Listed by MerryFox Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 16
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • 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: 1,932
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,502
  • Total Building Area: 5,810
  • Gross Building Area: 8,666
  • Building Area: 5,810
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,810
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • 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:039.0-0000-0066.0
  • Municipality: READING
  • Latitude: 42.5404
  • Longitude: -71.1139

    Address

  • Full Address: 20 Colburn Rd
  • Address - House Number: 20
  • Address - Street Name: Colburn
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C013
  • 4-Digit Zip Code: 1626
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,041,300

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 837,228
  • High Value: 974,970
  • Low Value: 699,485

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $888,500
  • Assessed Land Value: $472,000
  • Assessed Improvements Value: $416,500

    Sales

  • Current Sale Contract Date: Oct 31, 2023
  • Current Sale Recording Date: Oct 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 124204
  • Previous Sale Recording Date: Feb 15, 2022
  • Previous Sale Contract Date: Feb 14, 2022
  • Previous Sale Amount: $600,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$857,450

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2129 ft²

Average Home Age

56.3 years

Currently For Sale

40 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

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72919086

Frequently Asked Questions

When was property at 20 Colburn Road built and last sold?
The property at 20 Colburn Road was built in 2022 and last sold on Oct 31, 2023 for $2,245,748.
How much is this home worth?
The estimated value of the home located at 20 Colburn Road is $669,401.
What are some comparable homes to 20 Colburn Road?
There are currently no comparable homes to 20 Colburn Road.
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