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Reading 01867
26 Nelson Ave
$455,000
● House - Off Market

26 Nelson Ave

Reading, MA 01867
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,300 Ft²
$790,953
RealtyHop Estimate
61.75%
Since Mar 1, 2017
MA-Boston
Primary Model

About This Property

Energy efficient open concept wonderful hip roof brick single level home handicap accessibility.  Two bedrooms, two bathroom, family room, living room,  heated porch and a 2 car garage.     A 2 bedroom inlaw/mother inlaw apt is a true bonus. In-law  with 2 bedrooms & 1 bath with laundry hook up.  This home could be reconfigured as a 4-5 bedroom/3 bath with 2 car garage.   Rare Reading find!!  Large level private yard with storage shed in back.  Update this home and you'll have an amazing piece of property.
Unit Size
2,300 Ft²
Days on Market
-
Land Size
0.71 acres
Price per sqft
$213
Property Type
House
Property Taxes
$493
HOA Dues
-
Year Built
1978

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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 #72069180)

Price History

Date / Event Date Event Price
Jan 30, 2017 Sold
Premium
Sold
Sep 16, 2016 Listed by Keller Williams Realty Evolution $489,000
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,719
  • Total Building Area: 2,300
  • Gross Building Area: 3,208
  • Building Area: 2,300
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,300
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000705
  • 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: 2110000000
  • Parcel: READ M:052.0-0000-0008.0
  • Municipality: READING
  • Latitude: 42.553
  • Longitude: -71.1028

    Address

  • Full Address: 26 Nelson Ave
  • Address - House Number: 26
  • Address - Street Name: Nelson
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C018
  • 4-Digit Zip Code: 1159
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $781,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1558
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 743,827
  • High Value: 859,763
  • Low Value: 627,890

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $666,900
  • Assessed Land Value: $375,100
  • Assessed Improvements Value: $291,800

    Sales

  • Current Sale Recording Date: Jan 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 16329
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

$2,825 /mo

  • 1 Bed
  • 1 Bath
  • 714 ft²
200 Quannapowitt Parkway #A1J, 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# 72069180

Frequently Asked Questions

When was property at 26 Nelson Avenue built and last sold?
The property at 26 Nelson Avenue was built in 1978 and last sold on Jan 1, 1970 for $455,000.
How much is this home worth?
The estimated value of the home located at 26 Nelson Avenue is $519,100.
What are some comparable homes to 26 Nelson Avenue?
There are currently no comparable homes to 26 Nelson Avenue.
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