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Reading 01867
217 Van Norden Road
$460,000
● House - Off Market

217 Van Norden Road

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,616 Ft²
$847,384
RealtyHop Estimate
74.75%
Since Nov 1, 2015
MA-Boston
Primary Model

About This Property

Welcome to Reading!  Nicely situated on a builders acre lot you will find this split entry style home waiting for your home improvement ideas and decorating talents!  Formal living room with warm & inviting fireplace. Large eat in kitchen with stainless steel appliances and updated cherry cabinets.  Sun room off the kitchen with skylights and cathedral ceiling that over looks the fantastic backyard with lots of room for outdoor fun.  Three bedrooms and master bedroom with half bath.  Lower level family room for relaxing and everyday living.  Two car garage and lovely neighborhood.   Home being sold in "AS IS" condition.  SHOWINGS BEGIN AT OH SAT & SUNDAY 11:30-1 8/22 8/23
Unit Size
1,616 Ft²
Days on Market
-
Land Size
0.95 acres
Price per sqft
$300
Property Type
House
Property Taxes
$570
HOA Dues
-
Year Built
1980

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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 #71888322)

Price History

Date / Event Date Event Price
Oct 30, 2015 Sold
Premium
Sold
Aug 12, 2015 Listed by Coldwell Banker Residential Brokerage - Lynnfield $484,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Oct 27, 2006 Sold
Premium
Sold
Sep 6, 2006 Listed by Coldwell Banker Residential Brokerage - Lynnfield $459,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Nov 14, 2001 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 7
  • Basement Area: 1,226
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,556
  • Total Building Area: 1,616
  • Gross Building Area: 2,796
  • Building Area: 1,616
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,616
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000954
  • 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:038.0-0000-0182.0
  • Municipality: READING
  • Latitude: 42.545
  • Longitude: -71.1187

    Address

  • Full Address: 217 Van Norden Rd
  • Address - House Number: 217
  • 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: $1,035,300

    Appraisal Valuation

  • Standard Deviation: 0.2175
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 780,424
  • High Value: 950,227
  • Low Value: 610,620

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $883,400
  • Assessed Land Value: $577,300
  • Assessed Improvements Value: $306,100

    Sales

  • Current Sale Recording Date: Oct 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1714348
  • Previous Sale Recording Date: Oct 27, 2006
  • Previous Sale Amount: $440,000
  • Previous Sale Document Type: 48
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

2112 ft²

Average Home Age

58.9 years

Currently For Sale

43 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71888322

Frequently Asked Questions

When was property at 217 Van Norden Road built and last sold?
The property at 217 Van Norden Road was built in 1980 and last sold on Jan 1, 1970 for $460,000.
How much is this home worth?
The estimated value of the home located at 217 Van Norden Road is $504,504.
What are some comparable homes to 217 Van Norden Road?
There are currently no comparable homes to 217 Van Norden Road.
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