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Reading 01867
24 Putnam Rd
$357,000
● House - Off Market

24 Putnam Rd

Reading, MA 01867
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$662,765
RealtyHop Estimate
89.42%
Since Sep 1, 2013
MA-Boston
Primary Model

About This Property

Down sizing?  First time home buyer?  Looking for a condo alternative?  This home is for you. Step into this nicely maintained 2 bedroom ranch with a fireplace living room, dining room and eat in kitchen. Beautiful hardwood floors throughout most of the house.  Enjoy the patio area on those warm summer days.  Lower level could easily be finished to create additional living space.  The roof and heating system are less then 2 years old.  One car garage.  Great neighborhood.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$350
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
1957

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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 #71540806)

Price History

Date / Event Date Event Price
Aug 2, 2013 Sold
Premium
Sold
Jun 12, 2013 Listed by RE/MAX Leading Edge $349,900
Listed by RE/MAX Leading Edge
Aug 18, 2004 Sold
Premium
Sold
May 26, 2004 Listed by Leading Edge Real Estate $389,900
Listed by Leading Edge Real Estate
This pristine Ranch shows pride of ownership! Located in a nice family neighborhood, the gleaming hardwood floors and charming decor make it a must see.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 7
  • Basement Area: 994
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,067
  • Total Building Area: 1,988
  • Gross Building Area: 2,982
  • Building Area: 1,988
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,988
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000231
  • 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: S15

Geography

  • Account Number: 1410000000
  • Parcel: READ M:034.0-0000-0080.0
  • Municipality: READING
  • Latitude: 42.5378
  • Longitude: -71.1032

    Address

  • Full Address: 24 Putnam Rd
  • Address - House Number: 24
  • Address - Street Name: Putnam
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C015
  • 4-Digit Zip Code: 1741
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,048,100

    Appraisal Valuation

  • Standard Deviation: 0.1803
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 860,219
  • High Value: 1,015,330
  • Low Value: 705,107

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $894,300
  • Assessed Land Value: $463,200
  • Assessed Improvements Value: $431,100

    Sales

  • Current Sale Recording Date: Aug 02, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 169235
  • Previous Sale Recording Date: Aug 02, 2013
  • Previous Sale Amount: $357,000
  • 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:

$857,450

Sale Price/ft²

$456

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

$3,355 /mo

  • 2 Beds
  • 2 Baths
  • 1,077 ft²
200 Quannapowitt Parkway #B16J, 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# 71540806

Frequently Asked Questions

When was property at 24 Putnam Road built and last sold?
The property at 24 Putnam Road was built in 1957 and last sold on Jan 1, 1970 for $357,000.
How much is this home worth?
The estimated value of the home located at 24 Putnam Road is $361,054.
What are some comparable homes to 24 Putnam Road?
There are currently no comparable homes to 24 Putnam Road.
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