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Reading 01867
214 Van Norden Road
$635,000
● House - Off Market

214 Van Norden Road

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,464 Ft²
$857,517
RealtyHop Estimate
42.94%
Since Jun 1, 2019
MA-Boston
Primary Model

About This Property

This PICTURE-BOOK CAPE, with NEW PRICING,  is MOVE-IN ready with POSSIBILITIES for EXPANSION.. The FIRST FLOOR has mostly HARDWOOD FLOORING.  The TV room, with access to the DECK and BACK YARD, has tile flooring.  Each floor has a TILED FULL BATH.   During the SUMMER months, you'll enjoy the THREE DUCTLESS split AC UNITS that were installed in 2013.  The ROOF was new in 2014.  MOST WINDOWS have been REPLACED.  The boiler was replaced in 2005 and the OIL TANK is NEW.   With an ACRE AND A HALF of all USABLE LAND, space for BUSINESS EQUIPMENT and an OVER-SIZED BARN/GARAGE with its SECOND FLOOR, might be PERFECT for you.  If you've considered growing your own vegetables, this property has MORE than enough SPACE!!
Unit Size
1,464 Ft²
Days on Market
-
Land Size
1.55 acres
Price per sqft
$410
Property Type
House
Property Taxes
$701
HOA Dues
-
Year Built
1949

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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 #72484080)

Price History

Date / Event Date Event Price
May 24, 2019 Sold
Premium
Sold
Apr 18, 2019 Listed by Premier Realty Group, Inc. $599,900
Listed by Premier Realty Group, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,023
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 67,518
  • Total Building Area: 1,464
  • Gross Building Area: 3,069
  • Building Area: 1,464
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,464
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND OWNED GEORGE ROEDER
  • Land Acres: 0000001550
  • 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: S20

Geography

  • Account Number: 1770000000
  • Parcel: READ M:038.0-0000-0185.0
  • Municipality: READING
  • Latitude: 42.5443
  • Longitude: -71.1181

    Address

  • Full Address: 214 Van Norden Rd
  • Address - House Number: 214
  • Address - Street Name: Van Norden
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C013
  • 4-Digit Zip Code: 1249
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $930,000

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 864,101
  • High Value: 998,592
  • Low Value: 729,610

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $793,500
  • Assessed Land Value: $561,700
  • Assessed Improvements Value: $231,800

    Sales

  • Current Sale Contract Date: May 15, 2019
  • Current Sale Recording Date: May 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 68810
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:

$866,500

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2107 ft²

Average Home Age

60.3 years

Currently For Sale

42 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72484080

Frequently Asked Questions

When was property at 214 Van Norden Road built and last sold?
The property at 214 Van Norden Road was built in 1949 and last sold on May 15, 2019 for $635,000.
How much is this home worth?
The estimated value of the home located at 214 Van Norden Road is $612,062.
What are some comparable homes to 214 Van Norden Road?
There are currently no comparable homes to 214 Van Norden Road.
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