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Reading 01867
201 Van Norden Road
$865,000
● House - Off Market

201 Van Norden Road

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,860 Ft²
$835,769
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Possibilities abound in this offering.  The house needs A LOT of work, or is a good candidate for a "tear down" for those seeking a magnificent lot.  How often to you see an ACRE lot in Reading...with NO conservation?  Safe to say "NEVER!"  This would be an amazing setting for your new home.  OR...if you just want a modest home, but love land for other activities...then "fix er' up" and you got yourself something special.  Not sure if you heard, but...they are NOT making any more land, so...this is your chance. Are you the creative buyer with pent up ideas?  If so...this could be your blank canvas.  Do yourself a favor and take a look.  This lot is something truly special!
Unit Size
1,860 Ft²
Days on Market
-
Land Size
1.05 acres
Price per sqft
$430
Property Type
House
Property Taxes
$723
HOA Dues
-
Year Built
1965

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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 #72993105)

Price History

Date / Event Date Event Price
Aug 4, 2022 Sold
Premium
Sold
Jun 6, 2022 Listed by Colonial Manor Realty $799,900
Listed by Colonial Manor Realty
Aug 26, 1968 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 2
  • Basement Area: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,738
  • Total Building Area: 944
  • Gross Building Area: 1,856
  • Building Area: 944
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 944
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000001050
  • Standard Land Use Code: 8001
  • County Land Use Code: 130

Neighborhood

  • School District Name: Reading School District
  • School Tax School District: READING SD
  • Census Tract: 334300

Zoning

  • Zoning: S20

Geography

  • Account Number: 1770000000
  • Parcel: READ M:038.0-0000-0179.0
  • Municipality: READING
  • Latitude: 42.5446
  • Longitude: -71.1176

    Address

  • Full Address: 201 Van Norden Rd
  • Address - House Number: 201
  • Address - Street Name: Van Norden
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C013
  • 4-Digit Zip Code: 1250
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $685,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1554
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 80
  • Final Value: 895,852
  • High Value: 1,035,142
  • Low Value: 756,563

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $585,200
  • Assessed Land Value: $585,200

    Sales

  • Current Sale Contract Date: Jul 25, 2022
  • Current Sale Recording Date: Aug 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1920143
  • Previous Sale Recording Date: Feb 25, 2016
  • 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

2136 ft²

Average Home Age

55.6 years

Currently For Sale

38 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72993105

Frequently Asked Questions

When was property at 201 Van Norden Road built and last sold?
The property at 201 Van Norden Road was built in 1965 and last sold on Jul 25, 2022 for $865,000.
How much is this home worth?
The estimated value of the home located at 201 Van Norden Road is $818,489.
What are some comparable homes to 201 Van Norden Road?
There are currently no comparable homes to 201 Van Norden Road.
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