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Reading 01867
25 Cape Cod Ave
$490,000
● House - Off Market

25 Cape Cod Ave

Reading, MA 01867
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,304 Ft²
$749,791
RealtyHop Estimate
49.99%
Since Feb 1, 2019
MA-Boston
Primary Model

About This Property

Pride of ownership overflows in this lovingly cared for home that has been in the same family for over 52 years! Five good sized bedrooms, 3 on the 1st floor, 2 on the second, 1.5 baths, fresh paint and new carpeting. Two finished areas in lower level: an extra family room and play room along with a 11x08'  workshop with built-in's for projects. Open office area on the second floor with a 10x4' cedar closet. Warm and inviting living room with wood burning fireplace. Enjoy entertaining or just relax in your flat generous backyard.  One car detached garage and plenty of off street parking. The ideal location with an easy access to major travel routes and less than one mile to the MBTA commuter rail, center of town and library! Open House Sunday 10/14 from 12-2PM.
Unit Size
2,304 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$217
Property Type
House
Property Taxes
$504
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 #72408851)

Price History

Date / Event Date Event Price
Jan 31, 2019 Sold
Premium
Sold
Oct 11, 2018 Listed by Keller Williams Realty-Merrimack $499,900
Listed by Keller Williams Realty-Merrimack
Sep 21, 1966 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 960
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,572
  • Total Building Area: 2,814
  • Gross Building Area: 3,155
  • Building Area: 2,814
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,814
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000243
  • 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: 334200

Zoning

  • Zoning: S15

Geography

  • Account Number: 850000000
  • Parcel: READ M:021.0-0000-0332.0
  • Municipality: READING
  • Latitude: 42.5279
  • Longitude: -71.1099

    Address

  • Full Address: 25 Cape Cod Ave
  • Address - House Number: 25
  • Address - Street Name: Cape Cod
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 2516
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $971,900

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 914,197
  • High Value: 1,074,676
  • Low Value: 753,718

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $829,300
  • Assessed Land Value: $442,200
  • Assessed Improvements Value: $387,100

    Sales

  • Current Sale Contract Date: Jan 18, 2019
  • Current Sale Recording Date: Jan 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 13475
  • Previous Sale Recording Date: Sep 21, 1966
  • Previous Sale Amount: $20,500
  • Previous Sale Document Type: 27
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

$4,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 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: 4 months ago
Data Source: MLS PIN, MLS# 72408851

Frequently Asked Questions

When was property at 25 Cape Cod Avenue built and last sold?
The property at 25 Cape Cod Avenue was built in 1957 and last sold on Jan 18, 2019 for $490,000.
How much is this home worth?
The estimated value of the home located at 25 Cape Cod Avenue is $504,797.
What are some comparable homes to 25 Cape Cod Avenue?
There are currently no comparable homes to 25 Cape Cod Avenue.
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