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Reading 01867
23 Governors Dr
Photo of 23 Governors Dr
Sold on Dec 5, 2025

27

Map

Photo of 23 Governors Dr
Photo of 23 Governors Dr
$615,000
● House - Off Market

23 Governors Dr

Reading, MA 01867
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,638 Ft²
$3,711
Est. Monthly
7.43%
Cap Rate

About This Property

Great opportunity close to Wakefield line just off 129 and a stone's throw from Route 95, a great commuter's location.   A lot of the heavy lifting has been done with newer heating and hot water systems installed over the last few years leaving a lot of interior and exterior cosmetic work needed.  Spacious home with large living room and enclosed porch and open deck in the front of the home.  Formal dining and large eat-in kitchen with updated cabinets.  There is a 1st floor bedroom plus a 1/2 bath that completes the 1st level of the home.  Upstairs, you will find 3 more bedrooms along with a full bath.  All this on a nice corner lot on 2 dead end streets, long driveway, rear deck and large rear and side yards.
Unit Size
1,638 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$391
Property Type
House
Property Taxes
$568
HOA Dues
-
Year Built
1934

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 11 months ago (MLSPIN #73438835)

Price History

Date / Event Date Event Price
Dec 5, 2025 Sold
Premium
Sold
Oct 15, 2025 In contract -
In contract
Oct 10, 2025 Price Decreased $639,900
↓ $10K (1.5%)
Price Decreased
Oct 3, 2025 Listed by First Choice Realty Group $649,900
Listed by First Choice Realty Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • 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: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,580
  • Total Building Area: 1,638
  • Gross Building Area: 3,114
  • Building Area: 1,638
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,638
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000289
  • 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: 930000000
  • Parcel: READ M:023.0-0000-0138.0
  • Municipality: READING
  • Latitude: 42.5275
  • Longitude: -71.0857

    Address

  • Full Address: 23 Governors Dr
  • Address - House Number: 23
  • Address - Street Name: Governors
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Reading
  • Carrier Code: C024
  • 4-Digit Zip Code: 1976
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $661,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 695,098
  • High Value: 809,457
  • Low Value: 580,739

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $564,600
  • Assessed Land Value: $365,900
  • Assessed Improvements Value: $198,700
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:

$865,000

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

$4,525 /mo

  • 3 Beds
  • 2 Baths
  • 1,323 ft²
200 Quannapowitt Parkway #C1B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 11 months ago
Data Source: MLS PIN, MLS# 73438835

Frequently Asked Questions

When was property at 23 Governors Drive built and last sold?
The property at 23 Governors Drive was built in 1934 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 23 Governors Drive is $0.
What are some comparable homes to 23 Governors Drive?
There are currently no comparable homes to 23 Governors Drive.
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