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Reading 01867
22 Timberneck Dr
$388,000
● House - Off Market

22 Timberneck Dr

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,888 Ft²
$832,432
RealtyHop Estimate
108.16%
Since Jan 1, 2013
MA-Boston
Primary Model

About This Property

HANDICAP ACCESSIBLE RANCH IN KILLAM NEIGHBORHOOD IS READY FOR A NEW FAMILY. THIS LOVELY 3 BED 2 BATH HOME OFFERS AN OPEN FLOOR PLAN, GLEAMING HARDWOOD FLOORS, LOTS OF LIGHT WITH SOUTHERN EXPOSURE, CATHERAL CEILINGS IN DINING ROOM AND OVERSIZED DECK OVERLOOKING PRIVATE YARD. UPDATED KITCHEN AND BEAUTIFULLY FINISHED FR WITH CUSTOM CHERRY BUILT IN BOOKCASE ARE SOME OF THE IMPROVEMENTS THAT HAVE BEEN MADE. GREAT LOCATION AND CONDITION MAKE THIS A GREAT OPPORTUNITY.
Unit Size
1,888 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$212
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1951

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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 #71413706)

Price History

Date / Event Date Event Price
Dec 5, 2017 Sold
Premium
Sold
Dec 7, 2012 Sold
Premium
Sold
Jul 24, 2012 Listed by Century 21 North Shore $399,900
Listed by Century 21 North Shore

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,708
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,143
  • Total Building Area: 2,070
  • Gross Building Area: 3,752
  • Building Area: 2,070
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,070
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000417
  • 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: 1460000000
  • Parcel: READ M:035.0-0000-0066.0
  • Municipality: READING
  • Latitude: 42.5349
  • Longitude: -71.0868

    Address

  • Full Address: 22 Timberneck Dr
  • Address - House Number: 22
  • Address - Street Name: Timberneck
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Reading
  • Carrier Code: C016
  • 4-Digit Zip Code: 1843
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $909,000

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 836,921
  • High Value: 974,613
  • Low Value: 699,229

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $775,600
  • Assessed Land Value: $467,900
  • Assessed Improvements Value: $307,700

    Sales

  • Current Sale Recording Date: Dec 05, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 197071
  • Previous Sale Recording Date: Dec 07, 2012
  • Previous Sale Amount: $388,000
  • Previous Sale Document Type: O
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:

$849,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2197 ft²

Average Home Age

55.6 years

Currently For Sale

35 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

$4,425 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1P, 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# 71413706

Frequently Asked Questions

When was property at 22 Timberneck Drive built and last sold?
The property at 22 Timberneck Drive was built in 1951 and last sold on Jan 1, 1970 for $300,000.
How much is this home worth?
The estimated value of the home located at 22 Timberneck Drive is $430,705.
What are some comparable homes to 22 Timberneck Drive?
There are currently no comparable homes to 22 Timberneck Drive.
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